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RBC plans five-year Leveraged Index Return Notes linked to Euro Stoxx
By Susanna Moon
Chicago, May 1 - Royal Bank of Canada plans to price Leveraged Index Return Notes due May 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 130% to 150% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
BofA Merrill Lynch is the agent.
The notes will price in May and settle in June.
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