RBC to price return enhanced notes with cap linked to YUM! Brands

By Marisa Wong

Madison, Wis., Sept. 16 – Royal Bank of Canada plans to price 0% return enhanced notes due Oct. 7, 2015 linked to YUM! Brands, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in YUM! shares, up to a maximum return of 23%.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent with J.P. Morgan Securities LLC as placement agent.

The notes will price on Sept. 19 and settle on Sept. 24.

The Cusip number is 78010U2H9.

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