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RBC plans bullish enhanced return notes due 2013 linked to S&P 500
By Susanna Moon
Chicago, Oct. 3 - Royal Bank of Canada plans to price 0% bullish enhanced return notes due Nov. 29, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 11.5% to 15.5%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 78008SMB9.
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