New Issue: RBC prices $1.12 million leveraged buffered notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 8 – Royal Bank of Canada priced $1.12 million of 0% leveraged buffered notes due Feb. 4, 2019 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 index gain, up to a maximum settlement amount of $1,237.75 per $1,000 of notes.

Investors will receive par if the index falls by 12.5% or less and will lose 1.1429% for every 1% decline in the index beyond 12.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$1,124,000
Maturity:	Feb. 4, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of the gain, subject to $1,237.75 maximum payment per $1,000 note; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline in index beyond 12.5%
Initial level:	2,278.87
Pricing date:	Jan. 31
Settlement date:	Feb. 7
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KZE0

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