RBC plans return optimization notes due 2014 linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Sept. 6 - Royal Bank of Canada plans to price 0% return optimization securities due Oct. 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 plus triple any index gain, up to a maximum return of 11.25% to 15.25% that 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 are expected to price Sept. 25 and settle Sept. 30.

The Cusip number is 78009Q349.

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