RBC plans bullish enhanced return notes due 2017 linked to S&P 500

By Susanna Moon

Chicago, March 3 – Royal Bank of Canada plans to price 0% bullish enhanced return notes due May 31, 2017 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 triple any index gain, up to a maximum return of 11.5% to 16.5%. The exact cap will be set at pricing

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 78012KLS4.

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