New Issue: RBC sells $5.39 million access notes linked to Dow industrials via Wells Fargo

By Susanna Moon

Chicago, Aug. 30 - Royal Bank of Canada priced $5.39 million of 0% access securities due Sept. 3, 2013 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of $1,450 per $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses beyond 20%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Access securities
Underlying index:	Dow Jones Industrial Average
Amount:	$5,392,000
Maturity:	Sept. 3, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index gain, capped at 45%; par if index falls by up to 20% and full exposure to losses beyond 20%
Initial level:	11,284.54
Threshold level:	9,027.63, or 80% of initial level
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	78008TRG1

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