RBC plans return optimization securities due 2014 tied to Russell 2000

By Susanna Moon

Chicago, June 7 - Royal Bank of Canada plans to price 0% return optimization securities due July 31, 2014 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12.75% to 15.75%. The exact cap will be set at pricing.

Investors will be fully exposed to any losses.

UBS Financial Services Inc. and RBC Capital Markets, LLC will be the agents.

The notes will price on June 25 and settle on June 28.

The Cusip number is 78008Y699.

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