RBC plans to price buffered bullish notes linked to S&P 500 index

By Jennifer Chiou

New York, July 21 - Royal Bank of Canada plans to price 0% buffered bullish notes due July 28, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index, up to a maximum return of 73%.

Investors will receive par if the index falls by 20% or less and will be exposed to any decline beyond 20%.

The notes (Cusip 78008KDZ3) will price on July 23 and settle on July 28.

RBC Capital Markets Corp. is the underwriter.

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