RBC plans buffered bullish return notes on iShares Emerging Markets

By Jennifer Chiou

New York, March 10 - Royal Bank of Canada plans to price 0% buffered bullish return notes due March 24, 2016 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the fund, up to a maximum return of 18% to 22%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

The notes (Cusip: 78010UTG2) will price on March 20 and settle on March 25.

RBC Capital Markets, LLC is the agent.

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