New Issue: RBC prices $2.5 million buffered bullish enhanced return notes on S&P, Dow

By Tali Rackner

Norfolk, Va., Feb. 18 – Royal Bank of Canada priced $2.5 million of 0% buffered bullish enhanced return notes due Feb. 14, 2020 linked to an equally weighted basket consisting of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 107% of any basket gain.

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

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying indexes:	S&P 500, Dow Jones industrial average
Amount:	$2.5 million
Maturity:	Feb. 14, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 107% of any basket gain; par if basket falls up to 20%; exposure to losses beyond 20%
Initial levels:	1,829.08 for S&P, 15,660.18 for Dow
Buffer:	20%
Pricing date:	Feb. 11
Settlement date:	Feb. 17
Agent:	RBC Capital Markets, LLC
Fees:	1.82%
Cusip:	78012KKP1

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