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RBC plans buffered bullish enhanced return notes on Russell 2000
By Jennifer Chiou
New York, Oct. 8 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Oct. 22, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any index gain, capped at 45% to 50%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond the buffer.
The notes (Cusip: 78010U3W5) will price on Oct. 17 and settle on Oct. 22.
RBC Capital Markets, LLC is the agent.
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