New Issue: RBC sells $11.77 million 0% buffered equity notes tied to MSCI EAFE via Goldman

By Susanna Moon

Chicago, July 29 - Royal Bank of Canada priced $11.77 million of 0% buffered equity index-linked notes due Sept. 19, 2012 based on the performance of the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman, Sachs & Co. is the underwriter.

The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,255 per $1,000 principal amount.

Investors will receive par if the index falls by up to 25% and will lose 1.3333% for each 1% decline beyond 25%.

Issuer:	Royal Bank of Canada
Issue:	Buffered equity notes
Underlying index:	MSCI EAFE index
Amount:	$11,773,000
Maturity:	Sept. 19, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 25.5%; par if index falls by up to 25% and 1.3333% loss for each 1% drop beyond 25%
Initial index level:	1,479.80
Pricing date:	July 27
Settlement date:	Aug. 3
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%
Cusip:	78009C688

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