New Issue: RBC sells $734,000 enhanced return notes linked to iShares Russell 2000

By Susanna Moon

Chicago, Aug. 1 - Royal Bank of Canada priced $734,000 of 0% enhanced return notes due Aug. 31, 2009 linked to the iShares Russell 2000 index fund, according to a 424B5 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus double any gain in the fund's share price, up to a maximum return of 23%. Investors will be exposed to any share price decline.

RBC Capital Markets Corp. will be the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return notes
Underlying fund:	iShares Russell 2000 index fund
Amount:	$734,000
Maturity:	Aug. 31, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any share gain, capped at 23%; exposure to any losses
Initial price:	$69.48
Pricing date:	July 28
Settlement date:	July 31
Underwriter:	RBC Capital Markets Corp.
Fees:	1.75%

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