RBC to price bullish barrier enhanced return notes linked to Apple

By Angela McDaniels

Tacoma, Wash., April 1 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due April 16, 2015 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any increase in the stock price, subject to a maximum return of 45% to 55% that will be set at pricing. Investors will receive par if the stock falls by 20% or less and will be fully exposed to losses if the stock falls by more than 20%.

RBC Capital Markets, LLC is the agent.

The notes will price April 12 and settle April 17.

The Cusip number is 78008SJ56.

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