RBC plans buffered bullish digital notes on iShares Russell 2000 fund

By Jennifer Chiou

New York, May 3 - Royal Bank of Canada plans to price 0% buffered bullish digital return notes due May 16, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus a digital return of 17%.

Investors will receive par if the fund falls by 10% or less and will lose 1% for every 1% decline beyond 10%.

The notes (Cusip: 06366QKA4) are expected to price on May 13 and settle on May 18.

RBC Capital Markets, LLC is the underwriter.

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