New Issue: RBC prices $2.06 million buffered bullish booster notes on S&P 500

By Jennifer Chiou

New York, Jan. 30 - Royal Bank of Canada priced $2,063,000 of 0% buffered bullish booster notes due Jan. 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus the greater of the index return and the 12% booster coupon, up to a maximum return of 18%.

Investors will receive par if the index falls by up to 15% and will be exposed to any decline beyond 15%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish booster notes
Underlying index:	S&P 500
Amount:	$2,063,000
Maturity:	Jan. 31, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus greater of index return and 12% booster coupon, subject to a maximum return of 18%; par if index falls by up to 15%; exposure to losses beyond 15%
Initial level:	1,318.43
Buffer level:	1,120.67, 85% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78008TK45

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