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RBC plans leveraged buffer notes with cap due 2020 tied to MSCI EAFE
By Susanna Moon
Chicago, June 29 – Royal Bank of Canada plans to price 0% leveraged buffered notes due in 17 to 20 months linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain up to a maximum settlement amount of $1,176.70 to $1,207.90 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and lose 1.1111% for each 1% beyond 10%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78013XNQ7.
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