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RBC plans to price bullish enhanced return notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due April 9, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 104.5% to 108.5% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
RBC Capital Markets, LLC is the underwriter.
The notes are expected to price Oct. 6 and settle Oct. 9.
The Cusip number is 78012KGV3.
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