New Issue: RBC prices $6.81 million one-year Stars linked to Russell 2000 via BofA Merrill Lynch

By Toni Weeks

San Luis Obispo, Calif., March 11 - Royal Bank of Canada priced $6.81 million of 0% Strategic Accelerated Redemption Securities due March 28, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

If the index closes at or above its initial level on any quarterly observation date, the notes will be called at par of $10 plus an annualized call premium of 11.45%. The call dates are Sept. 23, 2013, Dec. 23, 2013 and March 21, 2014.

If the notes are not called, the payout at maturity will be par with exposure to any losses.

Issuer:	Royal Bank of Canada
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	Russell 2000
Amount:	$6,809,670
Maturity:	March 28, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par with full exposure to losses
Call:	At par plus 11.45% per year if index closes at or above its initial level on Sept. 23, 2013, Dec. 23, 2013 or March 21, 2014
Initial level:	934.57
Pricing date:	March 7
Settlement date:	March 14
Underwriter:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	78011D799

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