New Issue: RBC prices $731,000 enhanced return notes linked to Financial Select Sector SPDR

By Jennifer Chiou

New York, Aug. 28 - Royal Bank of Canada priced $731,000 of 0% enhanced return notes due Sept. 30, 2009 linked to the Financial Select Sector SPDR fund, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, subject to a maximum return of 43.6%. Investors will be fully exposed to any fund decline.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return notes
Underlying fund:	Financial Select Sector SPDR
Amount:	$731,000
Maturity:	Sept. 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any fund gain, capped at maximum return of 43.6%; full exposure to any fund decline
Initial fund level:	20.17
Pricing date:	Aug. 26
Settlement date:	Aug. 29
Underwriter:	RBC Capital Markets Corp.
Fees:	1.75%

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