New Issue: RBC prices $24.24 million one-year Stars linked to Whole Foods

By Jennifer Chiou

New York, June 16 – Royal Bank of Canada priced $24,243,880 of 0% Strategic Accelerated Redemption Securities due June 26, 2015 linked to the common stock of Whole Foods Market Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock closes at or above its initial price on one of three observation dates, the notes will be called at par of $10 plus an annualized call premium of 22.4%. The observation dates are Dec. 12, 2014, March 13, 2015 and June 19, 2015.

If the notes are not called, investors will be exposed to losses.

BofA Merrill Lynch is the agent.

Issuer:	Royal Bank of Canada
Issue:	Strategic Accelerated Redemption Securities
Underlying stock:	Whole Foods Market Inc. (NYSE: WFM)
Amount:	$24,243,880
Maturity:	June 26, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Exposure to losses
Call:	At par plus 22.4% per year if share price closes at or above its initial price on Dec. 12, 2014, March 13, 2015 and June 19, 2015
Initial price:	$42.55
Pricing date:	June 12
Settlement date:	June 19
Agent:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	78011X852

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