RBC plans PLUS due 2015 with 15% cap linked to fund basket

By Susanna Moon

Chicago, March 3 - Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due May 2015 linked to a basket of four equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying funds are the iShares MSCI Taiwan index fund, the iShares MSCI Mexico Capped ETF, the iShares MSCI South Korea index fund and the iShares FTSE/Xinhua China 25 index fund.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of $11.50 per note.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the underwriter with Morgan Stanley Wealth Management as the dealer.

The notes will price on March 31.

The Cusip number is 78010Y703.

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