New Issue: RBC prices $8.73 million leveraged buffered notes linked to Euro Stoxx

By Jennifer Chiou

New York, Nov. 7 - Royal Bank of Canada priced $8,726,000 of 0% leveraged buffered index-linked notes due Nov. 10, 2014 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index gain, subject to a maximum settlement amount of $1,214.50 per $1,000 note.

Investors will receive par if the index falls by up to 20% and will share in losses at a rate of 1.25% per 1% drop beyond 20%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying index:	Euro Stoxx 50
Amount:	$8,726,000
Maturity:	Nov. 10, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index gain, capped at $1,214.50 per note; par if index falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
Initial level:	2,522.50
Pricing date:	Nov. 5
Settlement date:	Nov. 13
Underwriter:	RBC Capital Markets, LLC
Fees:	2.4%
Cusip:	78008SPP5

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