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RBC aims to sell market-linked securities tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Dec. 27 – Royal Bank of Canada plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 5, 2022 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 $1,000 plus 200% of any index gain, up to a maximum payout of 60% to 65%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Wells Fargo Securities, LLC is the agent.
The notes (Cusip: 78013XBC1) will price Dec. 28 and settle Jan. 3.
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