New Issue: RBC prices $15.64 million PLUS due 2016 linked to Financial Select SPDR

By Susanna Moon

Chicago, April 29 – Royal Bank of Canada priced $15.64 million of 0% Performance Leveraged Upside Securities due July 28, 2016 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum return of 13.2%.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the underwriter with Morgan Stanley Wealth Management handling distribution.

Issuer:	Royal Bank of Canada
Issue:	Performance Leveraged Upside Securities
Underlying fund:	Financial Select Sector SPDR Fund
Amount:	$15,637,740
Maturity:	July 28, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any fund gain, capped at 13.2%; exposure to any losses
Initial level:	$24.28
Pricing date:	April 24
Settlement date:	April 29
Underwriter:	RBC Capital Markets, LLC with Morgan Stanley Wealth Management handling distribution
Fees:	1.75%
Cusip:	780082780

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