New Issue: RBC prices $0.04 million 21.5% reverse convertibles linked to Rex Energy

New York, April 30 - Royal Bank of Canada priced $0.038 million of 21.5% reverse convertible notes due July 30, 2010 linked to Rex Energy Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Rex Energy shares fall below the protection price of $10.36, 80% of the initial price of $12.95, during the life of the notes and finish below the initial price in which case the payout will be Rex Energy shares equal to $1,000 principal amount divided by the initial price.

RBC Capital Markets Corp. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Reverse convertible notes
Underlying stock:	Rex Energy Corp. (Symbol: REXX)
Amount:	$0.038 million
Maturity:	July 30, 2010
Coupon:	21.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Rex Energy shares fall below the protection price of $10.36, 80% of the initial price, and finish below the initial price, in which case Rex Energy shares equal to $1,000 principal amount divided by the initial price
Initial price:	$12.95
Protection price:	$10.36, 80% of $12.95
Pricing date:	April 27
Settlement date:	April 30
Agent:	RBC Capital Markets Corp.
Fees:	1.5%
Cusip:	78008HW48

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