New Issue: RBC prices $13.46 million buffered enhanced return notes linked to index, ETF basket

By Angela McDaniels

Tacoma, Wash., Feb. 17 - Royal Bank of Canada priced $13.46 million of 0% bullish buffered enhanced return notes due Feb. 19, 2013 linked to a basket of indexes and exchange-traded funds, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 74% weight, the Russell 2000 index with a 10% weight, the iShares MSCI EAFE index fund with a 10% weight and the iShares MSCI Emerging Markets index fund with a 6% weight.

The payout at maturity will be par plus 191.5% of any basket gain, subject to a maximum return of 76.6%. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that the basket declines beyond 20%.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish buffered enhanced return notes
Underlying basket:	S&P 500 index (74% weight), Russell 2000 index (10% weight), iShares MSCI EAFE index fund (10% weight) and iShares MSCI Emerging Markets index fund (6% weight)
Amount:	$13,457,000
Maturity:	Feb. 19, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 191.5% of any basket gain, up to maximum return of 76.6%; par if basket falls by 20% or less; 1% loss for every 1% basket decline beyond 20%
Initial levels:	826.84 for S&P 500; 448.36 for Russell 2000; $38.55 for iShares MSCI EAFE; $23.98 for iShares Emerging Markets
Pricing date:	Feb. 13
Settlement date:	Feb. 19
Underwriter:	RBC Capital Markets Corp.
Fees:	None

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