By Susanna Moon
Chicago, March 26 - Royal Bank of Canada priced $4.76 million of 0% return optimization securities due March 30, 2011 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and RBC Capital Markets Corp. are the agents.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum gain of $11.50 per note.
Investors will be exposed to any losses.
| Issuer: | Royal Bank of Canada
|
| Issue: | Return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $4.76 million
|
| Maturity: | March 30, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 15%; exposure to any losses
|
| Initial index level: | 1,167.72
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Underwriters: | UBS Financial Services Inc. and RBC Capital Markets Corp.
|
| Fees: | 1.25%
|
| Cusip: | 78009C795
|
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