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RBC plans 3.5-year bullish barrier notes linked to WisdomTree Japan
By Susanna Moon
Chicago, July 23 – Royal Bank of Canada plans to price 0% bullish barrier notes due Jan. 31, 2018 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 35% to 43%. The exact cap will be set at pricing.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the shares fall below the 75% barrier level.
RBC Capital Markets, LLC is the underwriter.
The notes will price on July 29 and settle on July 31.
The Cusip number is 78010UQ59.
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