New Issue: RBC prices $1.37 million buffered bullish enhanced return notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 12 - Royal Bank of Canada priced $1.37 million of 0% buffered bullish enhanced return notes due Feb. 15, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 15%. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$1,372,000
Maturity:	Feb. 15, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 15%; par if index falls by 15% or less; 1% loss for every 1% drop beyond 15%
Initial index level:	1,121.06
Pricing date:	Aug. 10
Settlement date:	Aug. 13
Underwriter:	RBC Capital Markets Corp.
Fees:	2.5%
Cusip:	78008KEA7

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