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RBC plans 18-month buffered bullish enhanced notes on Russell 2000
By Susanna Moon
Chicago, Nov. 3 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due May 30, 2012 based on the performance of the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 19% to 23%. The exact cap will be set at pricing.
Investors will receive par if the index falls by 10% or less and will be exposed to any decline beyond 10%.
The notes (Cusip 78008KRH8) will price on Nov. 23 and settle on Nov. 30.
RBC Capital Markets Corp. is the underwriter.
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