New Issue: RBC prices $1.88 million return optimization notes linked to Russell 2000

By Susanna Moon

Chicago, Dec. 30 - Royal Bank of Canada priced $1.88 million of 0% return optimization securities due Jan. 30, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus triple the index gain, up to a maximum return of 13.2%.

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:	Return optimization securities
Underlying index:	Russell 2000
Amount:	$1,875,050
Maturity:	Jan. 30, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus 300% of index return, capped at 13.2%; otherwise, full exposure to losses
Initial level:	1,162.65
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78010Y315

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