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RBC plans to price leveraged notes linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., Dec. 4 – Royal Bank of Canada plans to price 0% leveraged notes due in 19 to 22 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 300% of any index gain, capped at par plus 18.21% to 21.42%. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
RBC Capital Markets, LLC is the underwriter.
The Cusip number is 78013XT65.
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