New Issue: RBC prices $6.17 million bullish barrier enhanced return notes tied to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., May 29 - Royal Bank of Canada priced $6.17 million of 0% bullish barrier enhanced return notes due Nov. 30, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level on the Nov. 28, 2017 valuation date, the payout at maturity will be par plus 155% of the index return, subject to a maximum return of 52.7%.

If the index declines by up to 25%, the payout will be par. If the index declines by more than 25%, 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:	$6,165,000
Maturity:	Nov. 30, 2017
Coupon:	0%
Price:	Par; 97.25 for some advisory accounts
Payout at maturity:	If index return is positive on Nov. 28, 2017 valuation date, par plus 155% of the index return, with maximum return of 52.7%; if index falls by up to 25%, par; otherwise, full exposure to losses from initial index level
Initial level:	3,246.24
Barrier level:	2,434.68, 75% of initial level
Pricing date:	May 28
Settlement date:	May 30
Agent:	RBC Capital Markets, LLC
Fees:	3%
Cusip:	78010UXX0

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