New Issue: RBC prices $1.86 million bullish barrier enhanced notes tied to S&P 500

By Angela McDaniels

Tacoma, Wash., June 30 – Royal Bank of Canada priced $1.86 million of 0% bullish barrier enhanced return notes due June 28, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 143.5% of the index return. If the index return is between zero and negative 15%, the payout will be par. If the index return is less than negative 15%, investors will lose 1% for every 1% that the final index level is less than the initial index level.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier enhanced return notes
Underlying index:	S&P 500
Amount:	$1,864,000
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 143.5% of index return; if index return is between zero and negative 15%, par; if index return is less than negative 15%, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	1,957.22
Barrier level:	1,663.64, 85% of initial level
Pricing date:	June 26
Settlement date:	June 30
Underwriter:	RBC Capital Markets, LLC
Fees:	3%
Cusip:	78010UG50

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