New Issue: RBC prices $335,000 leveraged buffered notes linked to S&P 500

By Susanna Moon

Chicago, Sept. 27 - Royal Bank of Canada priced $335,000 of 0% leveraged buffered notes due Sept. 30, 2015 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 1.5 times any gain in the index, up to a maximum payment of $1,150 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$335,000
Maturity:	Sept. 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain, capped at 15%; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
Initial index level:	1,692.77
Pricing date:	Sept. 25
Settlement date:	Oct. 2
Underwriter:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78010UEK9

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