New Issue: RBC prices $2.8 million bullish enhanced return notes linked to stocks

By Angela McDaniels

Tacoma, Wash., May 1 - Royal Bank of Canada priced $2.8 million of 0% bullish enhanced return notes due May 5, 2014 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket stocks are Amazon.com, Inc., eBay Inc., lululemon athletica inc., and Rackspace Hosting, Inc.

If the basket return is zero or positive, the payout at maturity will be par plus 200% of the basket return, subject to a maximum return of 40.1%. If the basket return is negative, investors will be fully exposed to the decline.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish enhanced return notes
Underlying stocks:	Amazon.com, Inc. (Symbol: AMZN), eBay Inc. (Symbol: EBAY), lululemon athletica inc. (Symbol: LULU) and Rackspace Hosting, Inc. (Symbol: RAX), equally weighted
Amount:	$2.8 million
Maturity:	May 5, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is zero or positive, par plus 200% of basket return, subject to maximum return of 40.1%; if basket return is negative, full exposure to decline
Initial share prices:	$226.85 for Amazon; $41.23 for eBay; $74.71 for lululemon; $59.04 for Rackspace
Pricing date:	April 27
Settlement date:	May 4
Underwriter:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78008T5S9

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