New Issue: RBC prices $3.07 million of buffered bullish enhanced notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 26 – Royal Bank of Canada priced $3.07 million of 0% buffered bullish enhanced return notes due Feb. 26, 2021 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 104% of any index gain.

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.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$3,066,000
Maturity:	Feb. 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 104% of any index gain; par if index declines by up to 20%; exposure to losses beyond 20%
Initial index level:	1,929.80
Barrier level:	1,543.84, 80% of initial level
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KLB1

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