New Issue: RBC prices $1 million buffered bullish notes tied to iShares MSCI EAFE

By Susanna Moon

Chicago, Dec. 13 - Royal Bank of Canada priced $1 million of 0% buffered bullish notes due Jan. 14, 2013 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the fund, up to a maximum return of 19.5%.

Investors will receive par if the fund falls by up to 15% and will be exposed to any decline beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish notes
Underlying fund:	iShares MSCI EAFE index fund
Amount:	$1 million
Maturity:	Jan. 14, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, capped at 19.5%; par if fund drops by up to 15%; exposure to losses beyond 15%
Initial price:	$51.04
Buffer level:	$43.38, 85% of initial price
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78008TC51

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