RBC plans buffered notes with digital return on S&P 500 via Goldman

By Susanna Moon

Chicago, Jan. 18 - Royal Bank of Canada plans to price 0% buffered equity index-linked notes due 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 13 and 15 months after issue.

If the index finishes at or above 90% of the initial level, the payout at maturity will be the digital payment of $1,070 to $1,080 per $1,000 principal amount. The exact digital return will be set at pricing.

Investors will lose 1.1111% for each 1% decline beyond 10%.

Goldman Sachs & Co. is the underwriter.

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