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RBC plans buffered bullish enhanced return notes linked to S&P 500
By Susanna Moon
Chicago, June 6 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Dec. 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 101% to 110% of any index gain, with the exact participation rate to be set at pricing.
Investors will be receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
RBC Capital Markets, LLC is the agent.
The notes will price on June 27 and settle on June 30.
The Cusip is 78012KPS0.
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