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RBC plans to price 0% return optimization securities linked to S&P 500
By Toni Weeks
San Diego, March 1 - Royal Bank of Canada plans to price 0% return optimization securities due April 30, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 12.5% to 15.5%. The exact maximum return will be set at pricing.
Investors will be fully exposed to any losses.
The securities (Cusip: 78008C788) are expected to price March 27 and settle March 30.
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