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RBC plans barrier enhanced return notes linked to Euro Stoxx, FTSE
By Angela McDaniels
Tacoma, Wash., July 15 – Royal Bank of Canada plans to price 0% barrier enhanced return notes due July 22, 2021 linked to an equally weighted basket of the Euro Stoxx 50 index and the FTSE 100 index, according to an FWP filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return. Investors will receive par if the basket falls by up to 58% and will be fully exposed to the basket’s decline if it falls by more than 58%.
RBC Capital Markets, LLC is the underwriter.
The notes will price July 18.
The Cusip number is 78012KRB5.
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