New issue: RBC prices $2.44 million 0% buffered bullish enhanced return notes linked to S&P 500

By Toni Weeks

San Diego, Sept. 15 - Royal Bank of Canada priced $2.44 million of 0% buffered bullish enhanced return notes due Oct. 18, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 13.8%.

Investors will receive par if the index falls by 20% or less and will lose 1.25% for every 1% decline beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$2.44 million
Maturity:	Oct. 18, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 113.8% of principal amount; par if index declines up to 20%; 1.25% loss for every 1% decline beyond 20%
Initial index level:	1,172.87
Buffer level:	938.3, 80% of initial level
Pricing date:	Sept. 13
Settlement date:	Sept. 16
Agent:	RBC Capital Markets, LLC
Fees:	0.1%, used for selling concessions
Cusip:	78008TTK0

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