New Issue: RBC prices $2 million enhanced return notes linked to Google

By Jennifer Chiou

New York, May 30 - Royal Bank of Canada priced $2 million of 0% enhanced return (leveraged) notes due June 9, 2009 linked to the common stock of Google Inc., according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any share price gain, subject to a maximum return of 30%. Investors will be fully exposed to any share price decline.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return (leveraged) notes
Underlying stock:	Google Inc. (Symbol: GOOG)
Amount:	$2 million
Maturity:	June 9, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any share price gain, capped at maximum return of 30%; full exposure to any share price decline
Initial share price:	$583.00
Pricing date:	May 29
Settlement date:	June 2
Underwriter:	RBC Capital Markets Corp.
Fees:	2%

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