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RBC to price bullish barrier return notes linked to MSCI World index
By Marisa Wong
Madison, Wis., Aug. 24 - Royal Bank of Canada plans to price bullish barrier return notes with digital coupon due Sept. 27, 2013 linked to the MSCI World index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus a digital return of 10%.
If the index finishes below the initial level but at or above the barrier level - 75% to 76% of the initial level - the payout will be par. Otherwise, investors will be fully exposed to losses. The exact barrier level will be set at pricing.
RBC Capital Markets, LLC is the agent.
The notes will price on Aug. 24 and settle on Aug. 29.
The Cusip number is 78008SHH2.
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