RBC plans contingent return optimization notes tied to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., June 5 – Royal Bank of Canada plans to price 0% contingent return optimization securities due June 17, 2016 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% trigger level, the payout at maturity will be par of $10 plus the greater of the 6% contingent return and any index gain, up to a maximum return of 14% to 18% that will be set at pricing.

Otherwise, investors will be fully exposed to any losses.

The notes (Cusip: 78011Q543) are expected to price June 13 and settle June 18.

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

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