New Issue: RBC prices $1.08 million return enhanced notes linked to S&P 500

By Susanna Moon

Chicago, Sept. 10 – Royal Bank of Canada priced $1.08 million of 0% return enhanced notes due Sept. 23, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 12.9%.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent with J.P. Morgan Securities LLC as the placement agent.

Issuer:	Royal Bank of Canada
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$1,076,000
Maturity:	Sept. 23, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain in the index, capped at 12.9%; exposure to any losses
Initial level:	2,007.71
Pricing date:	Sept. 5
Settlement date:	Sept. 10
Agent:	RBC Capital Markets, LLC with J.P. Morgan Securities LLC as the placement agent
Fees:	1%
Cusip:	78010UV95

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