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RBC plans 13-month return optimization notes linked to Russell 2000
By Marisa Wong
Madison, Wis., Dec. 19 - Royal Bank of Canada plans to price 0% return optimization securities due Jan. 30, 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 13% to 15%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Dec. 26 and settle on Dec. 31.
The Cusip number is 78010Y315.
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