RBC plans buffered return optimization securities on S&P 500 via UBS

By Jennifer Chiou

New York, Jan. 19 - Royal Bank of Canada plans to price 0% buffered return optimization securities due Jan. 31, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

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

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 15% to 19%. 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: 78009C191) will price on Jan. 26 and settle on Jan. 31.

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