RBC to price bullish barrier return notes linked to S&P 500 index

By Jennifer Chiou

New York, March 1 - Royal Bank of Canada plans to price 0% bullish barrier return notes due April 19, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the gain, subject to a maximum of 22% to 26.5%. The exact maximum will be set at pricing.

Investors will receive par for losses up to 15% and will share fully in losses if the index finishes beyond the buffer.

The notes (Cusip: 78008KR39) will price on March 15 and settle March 18.

RBC Capital Markets, LLC is the underwriter.

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