RBC to price growth securities tied to iShares Russell via Wells Fargo

By Angela McDaniels

Tacoma, Wash., April 9 - Royal Bank of Canada plans to price 0% growth securities with capped upside and fixed percentage buffered downside due Aug. 2, 2013 linked to the iShares Russell 2000 index fund through Wells Fargo Securities, LLC, 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 12% to 16% The exact maximum return will be set at pricing. Investors will receive par if the fund declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.

The notes (Cusip: 78008T4H4) are expected to price in April and settle in May.

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