RBC to price two-year floating-rate notes with 0.5% floor, 2% cap

By Susanna Moon

Chicago, March 8 - Royal Bank of Canada plans to price floating-rate notes due March 20, 2014, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be equal to Libor, with a minimum rate of 0.5% and up to a maximum interest rate of 2%. Interest is payable quarterly.

The payout at maturity will be par.

RBC Capital Markets, LLC is the agent.

The notes will settle on March 20.

The Cusip is 78008T2E3.

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