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RBC redeems $391,000 trigger phoenix notes linked to PowerShares QQQ
By Marisa Wong
Madison, Wis., Aug. 31 - Royal Bank of Canada gave notice that it redeemed on Aug. 31 all $391,000 of its outstanding trigger phoenix autocallable optimization securities due Aug. 31, 2016 linked to the PowerShares QQQ Trust, Series 1.
The securities (Cusip: 78010W673) were redeemed at par plus a quarterly contingent coupon of 7.29% per year.
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