New Issue: RBC prices $2.3 million leveraged buffered notes linked to MSCI EAFE

By Marisa Wong

Madison, Wis., Sept. 26 - Royal Bank of Canada priced $2.3 million of 0% leveraged buffered index-linked notes due March 27, 2014 tied to the MSCI EAFE 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 170% of the index gain, subject to a maximum settlement amount of $1,212.50 per $1,000 note.

Investors will receive par if the index falls by up to 10% and will share in losses at a rate of 1.1111% per 1% drop beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying index:	MSCI EAFE
Amount:	$2.3 million
Maturity:	March 27, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 170% of index gain, capped at $1,212.50 per note; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial level:	1,544.78
Pricing date:	Sept. 24
Settlement date:	Oct. 1
Underwriter:	RBC Capital Markets, LLC
Fees:	1.35%
Cusip:	78008SKY1

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