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RBC plans to price leveraged buffered notes linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., Sept. 20 – Royal Bank of Canada plans to price 0% leveraged buffered notes due in 23 to 26 months 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 150% of any index gain, up to a maximum settlement amount expected to be between $1,204.15 and $1,239.40 for each $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78013XH35.
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