RBC to price buffered return optimization securities linked to Apple

By Toni Weeks

San Luis Obispo, Calif., March 5 - Royal Bank of Canada plans to price 0% buffered return optimization securities due March 10, 2015 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the stock price, up to a maximum return of 37% to 40%. The exact maximum return will be set at pricing.

Investors will receive par if the share price falls by up to 10% and will lose 1% for every 1% drop in the price beyond 10%.

The notes (Cusip: 78008D281) will price March 6 and settle March 11.

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

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