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RBC plans to price return optimization securities linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 8 – Royal Bank of Canada plans to price 0% return optimization securities due Oct. 31, 2016 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index gain, up to a maximum return of 10.25% to 14.25% that will be set at pricing.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price Sept. 25 and settle Sept. 30.
The Cusip number is 78013D664.
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