RBC plans buffered bullish enhanced return notes due 2021 on S&P 500

By Susanna Moon

Chicago, Dec. 9 – Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due May 28, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 101% to 110% of any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.

RBC Capital Markets, LLC is the agent.

The notes will price on Dec. 23 and settle on Dec. 29.

The Cusip number is 78012KJX6.

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