New Issue: RBC prices $1.59 million bullish enhanced return notes tied to indexes

By Marisa Wong

Madison, Wis., May 31 - Royal Bank of Canada priced $1.59 million of 0% bullish enhanced return notes due June 3, 2013 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 53% weight, the MSCI EAFE index with a 23% weight, the MSCI Emerging Markets index with an 8% weight, the Russell 2000 index with an 8% weight and the S&P MidCap 400 index with an 8% weight.

If the basket return is positive, the payout at maturity will be par plus 200% of the basket return, subject to a maximum return of 23%. If the basket return is zero or negative, investors will be fully exposed to losses.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish enhanced return notes
Underlying indexes:	S&P 500 index with a 53% weight, MSCI EAFE index with a 23% weight and MSCI Emerging Markets index, Russell 2000 index and S&P MidCap 400 index, each with an 8% weight
Amount:	$1.59 million
Maturity:	May 30, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 200% of basket return, subject to maximum return of 23%; if basket return is negative, full exposure to decline
Initial levels:	1,332.42 for S&P; 1,365.02 for MSCI EAFE; 921.71 for MSCI EM; 777.16 for Russell; 946.30 for S&P MidCap
Pricing date:	May 29
Settlement date:	May 31
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78008SAS5

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