New Issue: RBC prices $1.19 million buffered return notes on Energy Select SPDR

By Susanna Moon

Chicago, April 28 – Royal Bank of Canada priced $1.19 million of 0% buffered return optimization securities due April 28, 2017 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of 19.97%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Buffered return optimization securities
Underlying fund:	Energy Select Sector SPDR Fund
Amount:	$1,188,000
Maturity:	April 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, capped at 19.97%; par if fund declines by up to 10%; 1% loss for every 1% drop beyond 10%
Initial level:	$81.89
Pricing date:	April 27
Settlement date:	April 30
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	780082830

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