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

By Jennifer Chiou

New York, Aug. 19 - Royal Bank of Canada plans to price 0% buffered bullish booster notes due Aug. 29, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index return is positive, the payout at maturity will be at least 5% and up to a maximum of 145% to 150%.

Investors will receive par if the index falls by 15% or less and will be exposed to any decline beyond 15%.

The notes (Cusip 78008KFY4) will price on Aug. 26 and settle on Aug. 31.

RBC Capital Markets Corp. is the underwriter.

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