New Issue: RBC sells $1.79 million buffered bullish enhanced return notes linked to S&P 500

By Susanna Moon

Chicago, Oct. 27 - Royal Bank of Canada priced $1.79 million of 0% buffered bullish enhanced return notes due Oct. 26, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any index gain, up to a maximum return of 149.4% of par.

Investors will receive par if the index falls by 10% or less and will be exposed to any decline beyond 10%.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$1,794,000
Maturity:	Oct. 26, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any index gain, capped at 49.4%; par if index falls by 10% or less; exposure to losses beyond 10%
Initial index level:	1,079.60
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Underwriter:	RBC Capital Markets Corp.
Fees:	None

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