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RBC to price principal-protected notes linked to three indexes
By Susanna Moon
Chicago, Oct. 7 - Royal Bank of Canada plans to price zero-coupon principal-protected equity-linked notes due Oct. 31, 2013 linked to a basket of indexes, according to a 424B5 filing with the Securities and Exchange Commission.
The basket includes the Nikkei 225 index with a 33.3334% weight, the Dow Jones Euro Stoxx 50 index with a 33.3333% weight and the S&P 500 index with a 33.3333% weight.
Payout at maturity will be par plus any basket gain. Investors will receive at least par.
The notes are expected to price on Oct. 29 and settle on Oct. 31.
RBC Capital Markets Corp. will be the underwriter.
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