New Issue: RBC prices $4.5 million contingent barrier enhanced notes linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., Aug. 6 - Royal Bank of Canada priced $4.5 million of 0% contingent barrier enhanced notes due Aug. 20, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the index closes below the barrier level, 80% of the initial level, during the life of the notes.

If a knock-out event does not occur, the payout at maturity will be par plus the 10% contingent digital return.

If a knock-out event occurs, the payout will be par plus the index return, subject to a maximum return of 10%.

RBC Capital Markets, LLC is the underwriter. J.P. Morgan Securities LLC is the placement agent.

Issuer:	Royal Bank of Canada
Issue:	Contingent barrier enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$4,497,000
Maturity:	Aug. 20, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls below 80% barrier level during life of notes, par plus index return, subject to maximum return of 10%; otherwise, par plus 10% contingent digital return
Initial level:	2,811
Barrier level:	80% of initial level
Pricing date:	Aug. 2
Settlement date:	Aug. 7
Agent:	RBC Capital Markets, LLC with J.P. Morgan Securities LLC as placement agent
Fees:	1%
Cusip:	78008S7F7

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