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RBC aims to price barrier enhanced return notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – Royal Bank of Canada plans to price 0% barrier enhanced return notes due Jan. 22, 2024 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 104% to 112% of any gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 40% and will be fully exposed to the decline of the lesser performing index if it falls beyond the 40% barrier level.
RBC Capital Markets, LLC is the underwriter.
The notes (Cusip: 78012KQA5) will price on Jan. 17 and settle on Jan. 23.
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