New Issue: RBC prices $2.43 million bullish enhanced return notes linked to funds

By Susanna Moon

Chicago, Jan. 20 – Royal Bank of Canada priced $2.43 million of 0% bullish enhanced return notes due Jan. 20, 2017 linked to a basket of four equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the Healthcare Sector SPDR fund, the Technology Select Sector SPDR fund, the Consumer Discretionary Select Sector SPDR fund and the Consumer Staples Select Sector SPDR fund.

The payout at maturity will be par plus 125% of any basket gain, up to a maximum redemption amount of 115% of par.

Investors will be exposed to any losses.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish enhanced return notes
Underlying basket:	Healthcare Sector SPDR fund, the Technology Select Sector SPDR fund, the Consumer Discretionary Select Sector SPDR fund and the Consumer Staples Select Sector SPDR fund, equally weighted
Amount:	$2.43 million
Maturity:	Jan. 20, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any basket gain, capped at 15%; exposure to any losses
Initial levels:	$67.85 for Healthcare fund, $40.48 for Technology fund, $73.00 for Consumer Discretionary fund and $49.07 for Consumer Staples fund
Pricing date:	Jan. 14
Settlement date:	Jan. 20
Agent:	RBC Capital Markets, LLC
Fees:	2%
Cusip:	78012KKS5

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