New Issue: RBC sells $506,000 buffered bullish enhanced return notes on Russell 2000

By Susanna Moon

Chicago, Jan. 28 - Royal Bank of Canada priced $506,000 of 0% buffered bullish enhanced return notes due Jan. 31, 2013 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 22.1%.

Investors will receive par if the index falls 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 index:	Russell 2000
Amount:	$506,000
Maturity:	Jan. 31, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 22.1%; exposure to losses beyond 10%
Initial index level:	793.72
Buffer level:	714.35, or 90% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Underwriter:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78008KXN8

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