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RBC plans bullish enhanced return notes due 2017 linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – Royal Bank of Canada plans to price 0% bullish enhanced return notes due Jan. 31, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, subject to a maximum return of 9% to 15%. The exact cap will be set at pricing.
Investors will be fully exposed to any index decline.
RBC Capital Markets, LLC is the agent.
The notes will price on Nov. 24 and settle on Nov. 30.
The Cusip number is 78012KJF5.
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