New Issue: RBC prices $866,000 buffered bullish enhanced notes on iShares Russell

By Susanna Moon

Chicago, May 19 - Royal Bank of Canada priced $866,000 of 0% buffered bullish enhanced return notes due May 22, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 28.9%.

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

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying fund:	iShares Russell 2000 index fund
Amount:	$866,000
Maturity:	May 22, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 28.9%; exposure to losses beyond 10%
Initial level:	$82.04
Buffer level:	$73.84, or 90% of initial level
Pricing date:	May 17
Settlement date:	May 20
Underwriter:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78008TAA2

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