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Prospect News home > News index > List of issuers I > Headlines for iShares MSCI Emerging Markets exchange-traded fund > News item |
RBC plans capped gears due 2018 with leverage tied to iShares MSCI EM
By Susanna Moon
Chicago, Jan. 9 – Royal Bank of Canada plans to price 0% capped gears due March 29, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 16.75% to 19.75%. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 78014E265.
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