RBC to price bullish enhanced return notes linked to S&P 500

By Wendy Van Sickle

Chicago, June 6 – Royal Bank of Canada plans to price 0% bullish enhanced return notes due Aug. 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 300% of any index gain, up to the maximum redemption amount of 110% to 114% of par. The exact cap will be set at pricing.

Investors will be fully exposed to any loss in the index.

RBC Capital Markets, LLC is the agent.

The notes will price on June 27 and settle on June 30.

The Cusip is 78012KPR2.

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