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RBC plans leveraged equity notes linked to S&P 500 via Goldman Sachs
By Toni Weeks
San Diego, May 23 - Royal Bank of Canada plans to price leveraged equity index-linked notes linked to the S&P 500 index via Goldman Sachs & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to have a maturity date of between 24 and 28 months.
The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,300 to $1,340 per $1,000 principal amount. The exact maximum payment will be set at pricing.
Investors will be fully exposed to losses if the index declines.
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