New Issue: RBC prices $4.24 million return optimization securities tied to Russell

By Jennifer Chiou

New York, Aug. 29 - Royal Bank of Canada priced $4,235,600 of 0% return optimization securities due Sept. 30, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 14.62%. If the final index level is less than the initial index level, investors will be fully exposed to the decline.

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

Issuer:	Royal Bank of Canada
Issue:	Return optimization securities
Underlying index:	Russell 2000
Amount:	$4,235,600
Maturity:	Sept. 30, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any gain in the index, subject to a maximum return of 14.62%; full exposure to losses
Initial level:	1,013.49
Pricing date:	Aug. 27
Settlement date:	Aug. 30
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78009Q281

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