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RBC plans to price leveraged buffered notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., June 13 – Royal Bank of Canada plans to price 0% leveraged buffered notes due 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 160% of the gain, capped at $1,185.28 to $1,217.44 for each $1,000 principal amount.
Investors will receive par if the index decreases by up to 12.5% and will lose 1.1429% for every 1% that the index may decline beyond 12.5%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78013XNU8.
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