RBC to price 0% enhanced return leveraged notes linked to S&P 500

By Jennifer Chiou

New York, April 2 - Royal Bank of Canada plans to price zero-coupon enhanced return leveraged notes due May 29, 2009 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any index gain, capped at a maximum return of 120%. Investors will share in losses on the index.

The notes will price on April 25 and settle on April 30.

RBC Capital Markets Corp. is the agent.

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