New Issue: RBC prices $1.55 million buffered enhanced notes tied to Russell 2000

By Sarah Lizee

Olympia, Wash., June 27 – Royal Bank of Canada priced $1.55 million of 0% buffered enhanced return notes due June 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the index gain, capped at par plus 15%.

If the index falls by up to 23.25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% index decline beyond 23.25%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	Russell 2000
Amount:	$1,552,000
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 1.5 times the index gain, capped at par plus 15%; if index falls by up to 23.25%, par; 1% loss for each 1% index decline beyond 23.25%
Initial level:	1,668.527
Barrier level:	1,280.594, 76.75% of initial level
Pricing date:	June 26
Settlement date:	June 29
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78013XMT2

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