New Issue: RBC prices $4.5 million growth securities tied to iShares Russell via Wells Fargo

By Toni Weeks

San Diego, Sept. 4 - Royal Bank of Canada priced $4.5 million of 0% growth securities with leveraged, capped upside and fixed percentage buffered downside due Dec. 5, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the fund, subject to a maximum return of 12%.

Investors will receive par if the fund declines by up to 10% and will be exposed to losses beyond the 10% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Growth securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying fund:	iShares Russell 2000 index fund
Amount:	$4,504,000
Maturity:	Dec. 5, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, capped at 12%; par if fund falls by up to 10%; exposure to losses beyond 10%
Initial level:	$80.79
Threshold level:	$72.71, or 90% of initial price
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.25%
Cusip:	78008SFP6

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