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RBC to price buffered bullish enhanced return notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Jan. 19 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Feb. 8, 2012 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 double any index gain, subject to a maximum return of 15.25%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
The notes will price Feb. 3 and settle Feb. 8.
RBC Capital Markets Corp. is the underwriter.
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