New Issue: RBC prices $4.59 million trigger PLUS linked to S&P 500 index

By Jennifer Chiou

New York, Oct. 2 – Royal Bank of Canada priced $4,587,530 of 0% trigger Performance Leveraged Upside Securities due April 4, 2017 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 200% of any index gain, subject to a maximum payment of $12.55 per $10.00 note.

Investors will receive par if the index falls up to 10% and will be fully exposed to losses from the initial level if it drops more than 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$4,587,530
Maturity date:	April 4, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of gain in index, with return capped at 25.5%; par if index falls by up to 10%; par plus index return with full exposure to losses if index falls more than 10%
Initial level:	1,972.29
Trigger level:	1,775.06, 90% of initial level
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agent:	RBC Capital Markets, LLC
Fees:	2.5%
Cusip:	78011Y355

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