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RBC plans buffered return optimization notes linked to Russell 2000
By Tali Rackner
Norfolk, Va., Jan. 12 – Royal Bank of Canada plans to price 0% buffered return optimization securities due Jan. 31, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum gain of 33.5% to 37.5%. The exact cap will be set at pricing.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% drop beyond 10%.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 78013C518.
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