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RBC plans 17- to 20-month leveraged buffered notes tied to MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, Nov. 4 – Royal Bank of Canada plans to price 0% 17- to 20-month leveraged buffered notes linked to the MSCI EAFE index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 160% of any index gain, up to a maximum settlement amount of $1,178.40 to $1,209.76 per $1,000 of notes. The exact cap will be set at pricing.
Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.
RBC Capital Markets, LLC is the agent.
The Cusip number is 78012KVB0.
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