New Issue: RBC sells $655,000 buffered bullish notes linked to S&P MidCap 400

By Susanna Moon

Chicago, July 13 - Royal Bank of Canada priced $655,000 of 0% buffered bullish enhanced return notes due Jan. 12, 2012 based on the performance of the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to the maximum redemption amount of 116.2% of par.

Investors will receive par if the index falls by 15% or less and will be exposed to any decline beyond 15%.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P MidCap 400
Amount:	$655,000
Maturity:	Jan. 12, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 16.2%; exposure to losses beyond 15%
Initial level:	739.89
Buffer level:	628.91, or 85% of the initial level
Pricing date:	July 9
Settlement date:	July 14
Underwriter:	RBC Capital Markets Corp.
Fees:	None
Cusip:	78008H7H7

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