New Issue: RBC prices $3.75 million enhanced return notes tied to Freeport-McMoRan

By Toni Weeks

San Luis Obispo, Calif., Jan. 28 - Royal Bank of Canada priced $3.75 million of 0% enhanced return notes due Jan. 28, 2016 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Freeport-McMoRan stock finishes above the initial share price, the payout at maturity will be par plus 139% of the stock return. Investors will be fully exposed to losses.

RBC Capital Markets, LLC and Barclays are the underwriters.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return notes
Underlying stock:	Freeport-McMoRan Copper & Gold Inc. (Symbol: FCX)
Amount:	$3.75 million
Maturity:	Jan. 28, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus 139% of stock return; full exposure to losses
Initial price:	$32.77
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Underwriters:	RBC Capital Markets, LLC and Barclays
Fees:	2%
Cusip:	78010UPT8

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