New Issue: RBC prices $2.84 million bullish barrier enhanced notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 5 – Royal Bank of Canada priced $2.84 million of 0% bullish barrier enhanced return notes due April 30, 2018 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 150% of the index return. If the index return is between zero and negative 20%, the payout will be par. If the index return is less than negative 20%, 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:	$2,839,000
Maturity:	April 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return; if index return is between zero and negative 20%, par; if index return is less than negative 20%, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	2,065.89
Barrier level:	1,652.71, 80% of initial level
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Underwriter:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78012KGT8

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