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RBC plans one-year PLUS with 2x leverage, 12.5% cap tied to S&P 500
By Susanna Moon
Chicago, Oct. 20 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Nov. 9, 2017 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 double of any index gain, up to a maximum return of 12.5%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent.
The notes will price on Oct. 28 and settle on Nov. 2.
The Cusip number is 78014C665.
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