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RBC plans return optimization securities due 2014 tied to Russell 2000
By Susanna Moon
Chicago, May 1 - Royal Bank of Canada plans to price 0% return optimization securities due June 30, 2014 linked to the Russell 2000 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 12% to 15%.
Otherwise, investors will be fully exposed to losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC will be the agents.
The notes will price on May 28 and settle on May 31.
The Cusip number is 78008D521.
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