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RBC plans leveraged notes due 2015 with no cap linked to Euro Stoxx 50
By Susanna Moon
Chicago, May 8 - Royal Bank of Canada plans to price 0% leveraged index-linked notes tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature 24 to 27 months after issue.
The payout at maturity will be par plus 150% to 165% times any gain in the index.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the underwriter.
The Cusip number is 78008SU95.
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