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RBC plans PLUS due 2018 with leverage, 30% cap tied to Euro Stoxx 50
By Tali Rackner
Minneapolis, April 12 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Aug. 3, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 30%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes will price on April 13 and settle on April 20.
The Cusip number is 78014E588.
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