New Issue: RBC prices $2.6 million bullish enhanced return notes linked to Apple

By Susanna Moon

Chicago, Feb. 2 - Royal Bank of Canada priced $2.6 million of 0% bullish enhanced return notes due Feb. 6, 2014 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the price of Apple shares, up to a maximum return of 40%.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish enhanced return notes
Underlying stock:	Apple Inc. (Symbol: AAPL)
Amount:	$2.6 million
Maturity:	Feb. 6, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any stock gain, capped at 40%; exposure to any losses
Initial share price:	$456.18
Pricing date:	Jan. 31
Settlement date:	Feb. 6
Agent:	RBC Capital Markets, LLC
Fees:	2%, used for selling concessions
Cusip:	78008TP24

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