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RBC plans to offer return optimization securities on S&P 500 via UBS
By Susanna Moon
Chicago, Aug. 30 - Royal Bank of Canada plans to price 0% return optimization securities due Oct. 21, 2011 based on the performance of the S&P 500 index, according to an FWP 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 $11.80 to $12.10 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes (Cusip 78009C886) will price on Sept. 16 and settle on Sept. 21.
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