RBC to price buffered enhanced return notes linked to Dow Industrials

By Angela McDaniels

Tacoma, Wash., May 27 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due June 20, 2013 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the index, subject to a maximum return of 14.5% to 18.5% that will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

The notes (Cusip: 78008TEY6) will price June 15 and settle June 20.

RBC Capital Markets, LLC is the underwriter.

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