RBC plans buffered bullish enhanced return notes linked to S&P 500

By Susanna Moon

Chicago, Nov. 27 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due May 30, 2014 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 double any index gain, up to a maximum redemption amount of 109.6% to 111.6% of par. The exact deal terms will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index falls below the 90% trigger.

RBC Capital Markets, LLC is the underwriter.

The notes will price on Nov. 29 and settle on Nov. 30.

The Cusip number is 78008SRT5.

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