New Issue: RBC prices $265,000 bullish return notes due 2017 linked to S&P 500

By Susanna Moon

Chicago, May 5 – Royal Bank of Canada priced $265,000 of 0% bullish enhanced return notes due June 30, 2017 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, up to a maximum return of 11.7%.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$265,000
Maturity:	June 30, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at 11.7% of par; exposure to any losses
Initial level:	2,091.70
Pricing date:	April 26
Settlement date:	April 29
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78012KMQ7

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