RBC plans to price PLUS due 2014 with cap linked to Euro Stoxx 50

By Marisa Wong

Madison, Wis., Aug. 2 - Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due October 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any index gain, up to a maximum payout of $11.70 to $12.10 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

The notes are expected to price on Aug. 30 and settle three business days after that.

The Cusip number is 78009Q117.

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