RBC plans two-year buffered bullish booster notes tied to Gold Miners

By Susanna Moon

Chicago, Nov. 1 - Royal Bank of Canada plans to price 0% buffered bullish booster notes due Dec. 2, 2013 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

If the fund gains by more than 12%, the payout at maturity will be par plus the return, up to a maximum return of 26% to 30%. The exact cap will be set at pricing.

If the fund gains by up to 12%, the payout will be par plus the booster coupon of 12%.

Investors will receive par if the fund falls by up to 10% and will be exposed to any decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

The notes will price on Nov. 23 and settle on Nov. 30.

The Cusip number is 78008TXF6.

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