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RBC plans buffered bullish enhanced return notes on Euro Stoxx 50
By Jennifer Chiou
New York, March 31 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due April 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, capped at 20% to 22%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The notes (Cusip: 78012KDK0) will price and settle in April.
RBC Capital Markets, LLC is the agent.
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