New Issue: RBC prices $1.84 million enhanced return notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 5 – Royal Bank of Canada priced $1.84 million of 0% buffered bullish enhanced return notes due March 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 105% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$1,836,000
Maturity:	March 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 105% of index return; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	1,931.34
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Underwriter:	RBC Capital Markets, LLC
Fees:	5.25%
Cusip:	78012KGK7

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