RBC to price bear Stars linked to Russell 2000 via Bank of America

By Marisa Wong

Madison, Wis., Sept. 6 - Royal Bank of Canada plans to price 0% bear Strategic Accelerated Redemption Securities due March 2013 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the underwriter.

If the final index level is less than or equal to the initial index level, the notes will be called and investors will receive $10.60 to $11.00 - the exact amount will be set at pricing - for every $10.00 principal amount of notes.

If the notes are not called, investors will lose an amount equal to the index gain.

The notes will price in September and settle in October.

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