New Issue: RBC prices $2 million autocallable access notes tied to Energy Select ETF

By Angela McDaniels

Tacoma, Wash., Aug. 31 - Royal Bank of Canada priced $2 million of 0% autocallable access securities with fixed percentage buffered downside due Sept. 3, 2013 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

Wells Fargo Securities, LLC is the underwriter.

The notes will be automatically called at par plus a premium of 10.5% per year if the fund's closing share price is greater than or equal to the initial share price on Sept. 4, 2012, March 1, 2013 or Aug. 26, 2013.

If the notes are not called and the fund's final share price is at least 90% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the fund declines beyond 10%.

Issuer:	Royal Bank of Canada
Issue:	Autocallable access securities with fixed percentage buffered downside
Underlying ETF:	Energy Select Sector SPDR fund
Amount:	$2,004,000
Maturity:	Sept. 3, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If fund's final share price is at least 90% of initial share price, par; otherwise, 1% loss for every 1% that fund declines beyond 10%
Call:	Automatically at par plus 10.5% per year if fund's shares close at or above initial share price on Sept. 4, 2012, March 1, 2013 or Aug. 26, 2013
Initial share price:	$67.75
Pricing date:	Aug. 29
Settlement date:	Sept. 1
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	78008TMR2

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