New issue: RBC prices $2.7 million bullish buffered enhanced return notes on ETFs

By Marisa Wong

Madison, Wis., Feb. 29 - Royal Bank of Canada priced $2.7 million of 0% bullish buffered enhanced return notes due March 3, 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the SPDR S&P 500 Trust, with a 60% weight, and the PowerShares QQQ Trust, Series 1, with a 40% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 31%.

Investors will receive par if the basket falls by 10% or less and will lose 1% for every 1% decline beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish buffered enhanced return notes
Underlying ETFs:	SPDR S&P 500 Trust, with a 60% weight, and PowerShares QQQ Trust, Series 1, with a 40% weight
Amount:	$2.7 million
Maturity:	March 3, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, capped at 31%; par if basket falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial prices:	$137.16 for SPDR, $64.05 for PowerShares
Pricing date:	Feb. 27
Settlement date:	Feb. 29
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78008TX25

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