New Issue: RBC prices $17.71 million leveraged buffered notes on iShares MSCI Emerging Markets

By Marisa Wong

Madison, Wis., Oct. 12 - Royal Bank of Canada priced $17.71 million of 0% leveraged buffered notes due June 14, 2012 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 110% of any increase in the exchange-traded fund's share price, subject to a maximum settlement amount of $1,205.70 per $1,000 principal amount. Investors will receive par if the share price falls by 15% or less and will lose 1.1765% for every 1% decline beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered index-linked notes
Underlying ETF:	iShares MSCI Emerging Markets index fund
Amount:	$17,706,000
Maturity:	June 14, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any fund gain, up to maximum return of 20.57%; par if fund share price falls by 15% or less; 1.1765% loss for every 1% decline beyond 15%
Initial share price:	$45.80
Pricing date:	Oct. 7
Settlement date:	Oct. 15
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%
Cusip:	78008A865

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