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RBC to price dual directional trigger jump securities on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Dec. 5 – Royal Bank of Canada plans to price 0% dual directional trigger jump securities due June 11, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 24.45%.
If the index falls but finishes at or above the trigger level, 80% of the initial index level, the payout will be par plus the absolute value of the index return.
If the index finishes below the trigger level, investors will lose 1% for every 1% that the index declines from its initial level.
RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price Dec. 6.
The Cusip number is 78013F818.
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