RBC plans bullish enhanced notes with 19%-23% cap linked to S&P 500

By Susanna Moon

Chicago, Feb. 3 - Royal Bank of Canada plans to price 0% bullish enhanced return notes due Aug. 29, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 19% to 23%. The exact cap will be set at pricing. Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip number is 78008TR63.

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