New Issue: RBC sells $1.93 million buffered bullish enhanced notes tied to S&P 500

By Susanna Moon

Chicago, July 19 - Royal Bank of Canada priced $1.93 million of 0% buffered bullish enhanced return notes due July 27, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the index, up to a maximum return of 17.3%.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$1,925,000
Maturity:	July 27, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 17.3%; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:	1,689.37
Buffer level:	1,520.43, 90% of initial level
Pricing date:	July 18
Settlement date:	July 25
Agent:	RBC Capital Markets, LLC
Fees:	0.625%
Cusip:	78008S6J0

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