New Issue: RBC prices $1.34 million buffered bullish enhanced return notes linked to index basket

By Toni Weeks

San Luis Obispo, Calif., May 30 - Royal Bank of Canada priced $1.34 million of 0% buffered bullish enhanced return notes due May 30, 2019 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components consist of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight.

The payout at maturity will be par plus 110% of any basket gain, subject to a maximum redemption amount of par plus 55%.

Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	S&P 500 (75% weight), Russell 2000 (25% weight)
Amount:	$1,336,000
Maturity:	May 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any basket gain, subject to maximum return of 55%; par if basket falls by up to 20%; exposure to any losses beyond 20% buffer
Initial index levels:	1,909.78 for S&P 500 and 1,136.679 for Russell
Buffer percentage:	20%
Pricing date:	May 28
Settlement date:	May 30
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78010UXY8

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