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RBC plans bullish barrier enhanced return notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 6 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due March 1, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% to 130% of any index gain. The exact leverage factor will be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls below the 70% barrier level.
RBC Capital Markets, LLC is the agent.
The notes will price on Feb. 25 and settle on Feb. 28.
The Cusip number is 78008SYW0.
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