New Issue: RBC prices $11.31 million leveraged buffered notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 1 – Royal Bank of Canada priced $11.31 million of 0% leveraged buffered notes due Dec. 4, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.4 times any index gain, up to a maximum payment of $1,297.50 per $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$11,309,000
Maturity:	Dec. 4, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any index gain, capped at 29.75%; par if index declines by 12.5% or less; 1.1429% loss for every 1% drop beyond 12.5%
Initial level:	1,884.09
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KGM3

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