RBC plans 0% buffered bullish enhanced return notes on Russell 2000

By Jennifer Chiou

New York, Sept. 20 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due April 4, 2013 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any index gain, up to a maximum return of 27% to 30%. 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 decline beyond 10%.

The notes (Cusip: 78008TUK8) are expected to price on Sept. 29 and settle on Oct. 4.

RBC Capital Markets, LLC is the underwriter.

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