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RBC plans to price PLUS linked to S&P 500 index
By Marisa Wong
Madison, Wis., Aug. 4 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due October 2015 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 300% of any index gain, subject to a maximum payment of $11.005 per $10.00 note.
Investors will be fully exposed to losses.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.
The notes will price on Aug. 29.
The Cusip number is 78010Y165.
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