New Issue: RBC sells $2.86 million buffered enhanced return notes linked to Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 29 – Royal Bank of Canada priced $2.86 million of 0% buffered enhanced return notes due Jan. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of the index gain, up to a maximum gain of 12.075%. 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 enhanced return notes
Underlying index:	Russell 2000 index
Amount:	$2,858,000
Maturity:	Jan. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, up to maximum gain of 12.075%; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:	1,513.309
Buffer level:	1,361.978, 90% of initial level
Pricing date:	Nov. 27
Settlement date:	Dec. 4
Underwriter:	RBC Capital Markets, LLC
Fees:	0.1%
Cusip:	78013XAZ1

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