RBC to price return optimization securities tied to iShares MSCI EM

By Jennifer Chiou

New York, March 1 - Royal Bank of Canada plans to price 0% return optimization securities due April 30, 2014 linked to the iShares MSCI Emerging Markets index fund, according to an FWP with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus triple the index gain, up to a maximum return of 11.5% to 14.5%. Otherwise, investors will be fully exposed to losses.

The notes (Cusip: 78008D273) are expected to price on March 25 and settle on March 28.

UBS Financial Services Inc. and RBC Capital Markets, LLC will be the agents.

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