New Issue: RBC prices $1.44 million bullish barrier enhanced return notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., July 31 - Royal Bank of Canada priced $1.44 million of 0% bullish barrier enhanced return notes due Aug. 2, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 140% of the index gain, subject to a maximum return of 44.8%. If the index declines by up to 30%, the payout will be par. If the index declines by more than 30%, investors will be fully exposed to losses from the initial index level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier enhanced return notes
Underlying index:	Euro Stoxx 50
Amount:	$1,441,000
Maturity:	Aug. 2, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 140% of gain, capped at 44.8%; if index falls by up to 30%, par; otherwise, full exposure to losses from initial index level
Initial index level:	2,741.73
Barrier level:	1,919.21, 70% of initial level
Pricing date:	July 29
Settlement date:	Aug. 31
Agent:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78008S4U7

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