New Issue: RBC prices $3.44 million buffered notes tied to Russell 2000 index

By Jennifer Chiou

New York, March 5 - Royal Bank of Canada priced $3,435,000 of 0% buffered notes due April 5, 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 85% of the initial level, the payout at maturity will be par plus the digital payment of 10.25%.

Investors will lose 1.1765% for each 1% decline beyond 15%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered notes
Underlying index:	Russell 2000
Amount:	$3,435,000
Maturity:	April 5, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.25% if index finishes at or above 85% of the initial level; 1.1765% loss for each 1% decline beyond 15%
Initial level:	1,183.0284
Pricing date:	Feb. 28
Settlement date:	March 7
Agent:	RBC Capital Markets, LLC
Fees:	1.55%
Cusip:	78010URJ8

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