RBC plans buffered bullish notes linked to SPDR S&P MidCap 400 ETF

By Toni Weeks

San Diego, Aug. 10 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due Feb. 14, 2013 linked to the SPDR S&P MidCap 400 ETF Trust, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of 12.75% to 16.75%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 15% and will be exposed to any decline in excess of 15%.

RBC Capital Markets, LLC is the agent.

The notes will price Aug. 11 and settle Aug. 16.

The Cusip is 78008TLM4.

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