RBC to price PLUS with three-times leverage linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., May 30 - Royal Bank of Canada plans to price 0% Performance Leveraged Upside Securities due August 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 13%. If the final index level is less than the initial index level, investors will have one-to-one exposure to the decline.

RBC Capital Markets, LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes are expected to price June 30.

The Cusip number is 78011Q519.

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