New Issue: RBC prices $4.61 million bullish barrier enhanced notes tied to S&P 500

By Susanna Moon

Chicago, May 30 - Royal Bank of Canada priced $4.61 million of 0% bullish barrier enhanced return notes due June 3, 2016 linked to the S&P 500 index, according to a 424B2 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 36.25%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier enhanced return notes
Underlying index:	S&P 500
Amount:	$4,609,000
Maturity:	June 3, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any index gain, capped at 36.25%; par if index falls by up to 25% and full exposure to any losses if index finishes below trigger
Initial level:	1,660.06
Barrier level:	1,245.05, 75% of initial level
Pricing date:	May 28
Settlement date:	May 31
Agent:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78008SU87

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