New Issue: RBC prices $2.86 million buffered bullish enhanced notes on S&P 500

By Marisa Wong

Morgantown, W.Va., July 6 – Royal Bank of Canada priced $2.86 million of 0% buffered bullish enhanced return notes due Dec. 31, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 103% 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:	$2,855,000
Maturity:	Dec. 31, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 103% of any index gain; par if index falls by up to 20%; otherwise, exposure to losses beyond 20%
Initial level:	2,000.54
Buffer level:	1,600.43, 80% of initial level
Pricing date:	June 27
Settlement date:	June 30
Underwriter:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78012KPS0

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