New Issue: RBC sells $5.16 million buffered bullish enhanced notes linked to S&P 500

By Susanna Moon

Chicago, March 31 - Royal Bank of Canada priced $5.16 million of 0% buffered bullish enhanced return notes due March 28, 2013 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 112.5% of any index gain.

Investors will receive par if the index falls by up to 20% and will be exposed to declines beyond 20%.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$5,157,000
Maturity:	March 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 112.5% of any index gain; par if index falls by up to 20% and share in declines beyond 20%
Initial index level:	815.94
Buffer level:	652.75, 80% of the initial level
Pricing date:	March 27
Settlement date:	March 31
Underwriter:	RBC Capital Markets Corp.
Fees:	None

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