New Issue: RBC prices $8.65 million return optimization notes linked to Russell

By Susanna Moon

Chicago, June 27 - Royal Bank of Canada priced $8.65 million of 0% return optimization securities due July 31, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 16.4%.

Investors will be 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:	$8,648,650
Maturity:	July 31, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, return capped at 16.4%; exposure to any losses
Initial level:	961.26
Pricing date:	June 25
Settlement date:	June 28
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78008Y699

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