RBC plans growth securities tied to iShares Russell via Wells Fargo

By Jennifer Chiou

New York, March 5 - Royal Bank of Canada plans to price 0% growth securities with capped upside and fixed percentage buffered downside due July 3, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the fund, subject to a maximum return of 15% to 19%. The exact maximum return will be set at pricing.

Investors will receive par if the fund declines by up to 10% and will be exposed to losses beyond the 10% buffer.

The notes (Cusip: 78008TX66) are expected to price in March and settle in April.

Wells Fargo Securities, LLC will act as agent.

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