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RBC plans to price PLUS linked to WisdomTree Japan
By Marisa Wong
Madison, Wis., Dec. 8 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities April 2016 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 300% of any fund gain, subject to a maximum payment of $11.65 per $10.00 note.
Investors will be exposed to any decline in the fund from its initial level.
RBC Capital Markets, LLC is the agent. Morgan Stanley Wealth Management will handle distribution.
The notes will price on Dec. 30.
The Cusip number is 78011Y728.
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