RBC to price two-year buffered bullish notes linked to Russell 2000

By Toni Weeks

San Diego, Jan. 10 - Royal Bank of Canada plans to price two-year 0% Buffered Bullish Enhanced Return Notes based on the performance of the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The underwriter is RBC Capital Markets, LLC.

The payout on the maturity date of Jan. 28, 2013 will be par plus 200% of any gain up to a maximum redemption amount of $1,200 to $1,250 per $1,000 principal amount of notes. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

The notes (Cusip 78008KXN8) are expected to price on Jan. 26 and settle on Jan. 31.

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