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Published on 3/4/2011 in the Prospect News Structured Products Daily.

RBC plans two-year bullish barrier booster notes linked to S&P 500

By Susanna Moon

Chicago, March 4 - Royal Bank of Canada plans to price 0% bullish barrier booster notes due March 28, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the index rises by more than 4%, the payout at maturity will be 1.25 times any gain, up to a maximum return of 14.75% to 18.75%. The exact cap will be set at pricing.

If the index falls by up to 20% or rises by less than 4%, the payout will be par plus a booster of 5%.

Investors will be exposed to any decline if the index falls beyond 20%.

RBC Capital Markets, LLC is the underwriter.

The notes will price on March 28 and settle on March 31.

The Cusip is 78008KS38.


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