New Issue: RBC prices $2.1 million bullish barrier enhanced return notes linked to Costco, Nike, Starbucks

By Angela McDaniels

Tacoma, Wash., May 31 – Royal Bank of Canada priced $2.1 million of 0% bullish barrier enhanced return notes due May 31, 2019 linked to an equally weighted basket of the common stocks of Costco Wholesale Corp., Nike, Inc. and Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, up to a maximum redemption amount of 131.5% of par. Investors will receive par if the basket falls by up to 23% and will be fully exposed to the basket’s decline if it falls by more than 23%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier enhanced return notes
Underlying stocks:	Costco Wholesale Corp., Nike, Inc. and Starbucks Corp.
Amount:	$2.1 million
Maturity:	May 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, up to 31.5% maximum return; par if basket declines by up to 23%; full exposure to losses if basket falls by more than 23%
Initial share prices:	$149.71 for Costco, $55.84 for Nike and $55.29 for Starbucks
Pricing date:	May 26
Settlement date:	May 31
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78012KPK7

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