New Issue: RBC sells $7.25 million buffered return optimization notes on S&P 500

By Marisa Wong

Madison, Wis., Aug. 30 - Royal Bank of Canada priced $7.25 million of 0% buffered return optimization securities due Aug. 29, 2014 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 gain in the index, up to a maximum return of 19.92%. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Buffered return optimization securities
Underlying index:	S&P 500
Amount:	$7,251,010
Maturity:	Aug. 29, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, return capped at 19.92%; par if index falls by up to 10%; 1% loss for each 1% drop beyond 10%
Initial level:	1,409.30
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78008D786

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