New Issue: RBC prices $0.584 million 0% notes linked to iShares fund basket

By Jennifer Chiou

New York, Aug. 30 - Royal Bank of Canada priced a $0.584 million issue of 0% partial principal-protected senior notes due Aug. 31, 2011 linked to the iShares MSCI Singapore index fund, the iShares MSCI Hong Kong index fund and the iShares FTSE/Xinhua China 25 index fund, according to a SUPPL filing with the Securities and Exchange Commission.

The funds will be equally weighted.

Payout at maturity will par plus the gain on the basket, capped at a 55% increase. If the final basket level is less than the initial level, investors will receive the basket decline with a floor of 90%.

Issuer:	Royal Bank of Canada
Issue:	Principal-protected senior global medium-term notes
Underlying indexes:	Equally weighted iShares MSCI Singapore, iShares MSCI Hong Kong, iShares FTSE/Xinhua China 25 index funds
Amount:	$0.584 million
Maturity:	Aug. 31, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the gain on the basket, capped at a 55% increase; if the final basket level is less than the initial level, investors will receive the basket decline with a floor of 90%
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	RBC Capital Markets Corp.

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