New Issue: RBC prices $514,000 bullish barrier enhanced notes tied to S&P 500

By Jennifer Chiou

New York, March 29 - Royal Bank of Canada priced $514,000 of 0% bullish barrier enhanced return notes due April 30, 2013 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 150% of any index gain, up to a maximum return of 9%.

Investors will receive par if the index falls by 25% or less and will share fully in losses beyond 25%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier enhanced return notes
Underlying index:	S&P 500
Amount:	$514,000
Maturity:	April 30, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 9%; par if index declines by up to 25%; full exposure to losses beyond 25%
Initial index level:	1,412.52
Buffer level:	1,059.39, 75% of initial level
Pricing date:	March 27
Settlement date:	March 30
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78008TZ72

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