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RBC plans buffered bullish return notes due 2021 tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due May 28, 2021 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 101% to 110% of any index gain with the exact leverage factor to be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
RBC Capital Markets, LLC is the agent.
The notes will price on Dec. 23 and settle on Dec. 29.
The Cusip number is 78012KJX6.
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