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RBC plans to price six-month PLUS linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Dec. 31 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due July 8, 2016 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 200% of any index gain, capped at 6%.
Investors will be fully exposed to any index decline.
RBC Capital Markets, LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes will price on Jan. 4 and settle on Jan. 7.
The Cusip number is 78013C484.
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