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Published on 12/5/2014 in the Prospect News Structured Products Daily.

New Issue: RBC prices $10.09 million return enhanced notes tied to Halliburton

By Marisa Wong

Madison, Wis., Dec. 5 – Royal Bank of Canada priced $10.09 million of 0% return enhanced notes due Dec. 16, 2015 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in Halliburton shares, up to a maximum return of 28.2%.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent with J.P. Morgan Securities LLC as placement agent.

Issuer:Royal Bank of Canada
Issue:Return enhanced notes
Underlying stock:Halliburton Co. (Symbol: HAL)
Amount:$10,085,000
Maturity:Dec. 16, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus triple any stock price gain, up to a maximum return of 28.2%; full exposure to any losses
Initial price:$47.34
Pricing date:Nov. 26
Settlement date:Dec. 2
Agent:RBC Capital Markets, LLC with J.P. Morgan Securities LLC as placement agent
Fees:1%
Cusip:78010U6B8

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