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RBC plans buffered bullish enhanced return notes on index basket
By Susanna Moon
Chicago, May 6 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due May 30, 2019 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight.
The payout at maturity will be par plus 110% of any basket gain, up to the maximum redemption amount of 155% to 160%. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
RBC Capital Markets, LLC is the agent.
The notes will price on May 28 and settle on May 30.
The Cusip number is 78010UXY8.
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