Correction: RBC return optimization securities linked to Russell 2000 have triple leverage

A story in the Aug. 5 edition of the Prospect News Structured Products Daily incorrectly reported the leverage factor of Royal Bank of Canada's upcoming return optimization securities linked to the Russell 2000 index. A corrected version of the story follows:

By Susanna Moon

Chicago, Aug. 2 - Royal Bank of Canada plans to price 0% return optimization securities due Feb. 27, 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 of $10 plus triple any index gain, up to a maximum return of 17% and 20%. Investors will be exposed to any losses.

RBC Capital Markets, LLC is the underwriter with UBS Financial Services Inc. as placement agent.

The notes will price on Aug. 27 and settle on Aug. 30.

The Cusip number is 78009Q166.

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