RBC plans buffered bullish enhanced return notes tied to indexes, ETFs

By Angela McDaniels

Tacoma, Wash., April 26 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due May 22, 2014 linked to a basket of indexes and exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Euro Stoxx 50 index, the Nikkei 225 index, the iShares MSCI Brazil index fund and the iShares MSCI Canada index fund.

The payout at maturity will be par plus 150% of any increase in the basket, subject to a maximum return of 35% to 40% that will be set at pricing. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes (Cusip: 78008TAB0) will price May 18 and settle May 20.

RBC Capital Markets, LLC is the underwriter.

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