RBC to price 0% bullish barrier enhanced return notes tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., Oct. 4 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Nov. 2, 2016 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 125% of any index gain, up to a maximum return of 38% to 43%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 23% and will be fully exposed to losses from the initial level if the index declines by more than 23%.

RBC Capital Markets, LLC is the agent.

The notes (Cusip: 78010UFT9) will price Oct. 29 and settle Oct. 31.

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