RBC plans 13-month return optimization securities linked to S&P 500

By Susanna Moon

Chicago, July 27 - Royal Bank of Canada plans to price 0% return optimization securities due Sept. 28, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

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

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 13.25% to 16.25%. The exact cap will be set at pricing.

Investors will be fully exposed to any losses.

The notes will price on Aug. 26 and settle on Aug. 31.

The Cusip is 780010T811.

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