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RBC to price contingent barrier enhanced notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, July 31 - Royal Bank of Canada plans to price 0% contingent barrier enhanced notes due Aug. 20, 2014 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is at least negative 20%, the payout at maturity will be par plus the 10% contingent digital return.
Otherwise, investors will be fully exposed to losses.
The notes (Cusip: 78008S7F7) will price on Aug. 2 and settle on Aug. 7.
RBC Capital Markets, LLC is the underwriter. J.P. Morgan Securities LLC is the placement agent.
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