New Issue: RBC prices $7.81 million contingent return optimization securities tied to Russell 2000

By Jennifer Chiou

New York, Oct. 30 - Royal Bank of Canada priced $7,813,490 of 0% contingent return optimization securities due April 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 75% the trigger level, the payout at maturity will be par of $10 plus the greater of the 6% contingent return and any index gain, up to a maximum return of 26.6%.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	Royal Bank of Canada
Issue:	Contingent return optimization securities
Underlying index:	Russell 2000
Amount:	$7,813,490
Maturity:	April 29, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus greater of 6% and any index gain, subject to a maximum return of 26.6%, if index finishes at or above 75% the trigger level; otherwise, full exposure to losses
Initial level:	1,117.97
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78009Q554

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