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RBC plans bullish barrier enhanced return notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., June 4 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due June 28, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 145% to 155% of the index return. The exact leverage factor will be set at pricing. If the index declines by up to 25%, the payout will be par. If the index declines by more than 25%, investors will be fully exposed to losses from the initial index level.
RBC Capital Markets, LLC is the underwriter.
The notes will price June 26 and settle June 30.
The Cusip number is 78010UA64.
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