New Issue: RBC sells $1.35 million return optimization notes on S&P 500 via UBS

By Marisa Wong

Madison, Wis., Oct. 27 - Royal Bank of Canada priced $1.35 million of 0% return optimization securities due Nov. 30, 2011 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 17.46%.

Investors will be exposed to any losses.

UBS Financial Services Inc. and RBC Capital Markets Corp. are the agents.

Issuer:	Royal Bank of Canada
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$1,349,500
Maturity:	Nov. 30, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 17.46%; exposure to losses
Initial level:	1,185.64
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Underwriters:	UBS Financial Services Inc. and RBC Capital Markets Corp.
Fees:	2%
Cusip:	78009C126

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