RBC plans 13-month return optimization notes linked to energy fund

By Devika Patel

Knoxville, Tenn., Oct. 29 – Royal Bank of Canada plans to price 0% return optimization securities due Dec. 8, 2016 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any fund gain, up to a maximum return of 19% to 21%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

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

The notes (Cusip: 78013C161) will price on Nov. 5 and settle on Nov. 10.

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