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RBC plans Performance Leveraged Upside Securities tied to Topix index
By Tali Rackner
Minneapolis, Aug. 10 – Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due Dec. 5, 2018 linked to the Topix index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16.5%.
Investors will be exposed to any losses.
RBC Capital Markets, LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Aug. 15 and settle on Aug. 18.
The Cusip number is 78013F222.
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