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RBC plans return optimization notes with 12%-15% cap linked to S&P 500
By Susanna Moon
Chicago, Nov. 2 - Royal Bank of Canada plans to price 0% return optimization securities due Dec. 31, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 12% to 15%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and RBC Capital Markets, LLC will be the agents.
The notes will price on Nov. 27 and settle on Nov. 30.
The Cusip number is 78008W578.
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