RBC plans buffered return optimization notes linked to energy fund

By Toni Weeks

San Luis Obispo, Calif., April 20 – Royal Bank of Canada plans to price 0% buffered return optimization securities due April 28, 2017 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of 17.1% to 20.1%. The exact maximum return will be set at pricing.

Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% drop beyond 10%.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

The notes will price April 27 and settle April 30.

The Cusip number is 780082830.

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