New Issue: RBC prices $552,000 bullish barrier enhanced return notes on Euro Stoxx

By Marisa Wong

Madison, Wis., June 28 - Royal Bank of Canada priced $552,000 of 0% bullish barrier enhanced return notes due June 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 125% of the index gain, subject to a maximum return of 31.875%.

If the index declines by up to 25%, the payout will be par. If the index declines by more than 25%, investors will be fully exposed to losses from the initial index level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier enhanced return notes
Underlying index:	Euro Stoxx 50
Amount:	$552,000
Maturity:	June 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 125% of gain, capped at 31.875%; if index falls by up to 25%, par; otherwise, full exposure to losses from initial index level
Initial level:	2,602.81
Barrier level:	1,952.11, 75% of initial level
Pricing date:	June 26
Settlement date:	June 28
Agent:	RBC Capital Markets, LLC
Fees:	1.75%
Cusip:	78008S3H7

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