New Issue: RBC prices $4.74 million autocallable access notes linked to iShares Russell

By Angela McDaniels

Tacoma, Wash., March 1 - Royal Bank of Canada priced $4.74 million of 0% autocallable access securities with fixed percentage buffered downside due March 3, 2014 linked to the iShares Russell 2000 index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 8.5% per year if the closing share price is greater than or equal to the initial price on March 4, 2013, Sept. 3, 2013 or Feb. 24, 2014.

If the notes are not called and the final share price is at least 90% of the initial price, the payout at maturity will be par. Investors will lose 1% for every 1% decline in the fund beyond the 10% buffer.

Issuer:	Royal Bank of Canada
Issue:	Autocallable access securities with fixed percentage buffered downside
Underling ETF:	iShares Russell 2000 index fund
Amount:	$4,738,000
Maturity:	March 3, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final share price is not below buffer level; otherwise, 1% loss for every 1% decline beyond buffer
Call:	At par plus premium of 8.5% per year if share price is at or above initial price on Feb. 4, 2013, Aug. 2, 2013 or Jan. 27, 2014
Initial share price:	$82.28
Buffer level:	$74.05, 90% of initial price
Pricing date:	Feb. 28
Settlement date:	March 2
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.75%
Cusip:	78008TP40

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