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RBC plans three-year Buffered PLUS with cap linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 14 – Royal Bank of Canada plans to price 0% Buffered Performance Leveraged Upside Securities due July 2017 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 1.5 times any index gain, up to a maximum return of 44.25%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
RBC Capital Markets, LLC is the underwriter with Morgan Stanley Wealth Management as the dealer.
The notes will price on July 18.
The Cusip number is 78011Q840.
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