New Issue: RBC sells $6.58 million leveraged buffered notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 19 – Royal Bank of Canada priced $6.58 million of 0% leveraged buffered notes due May 16, 2019 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 140% of any index gain, up to a maximum settlement amount of $1,228.90 per $1,000 of notes.

Investors will receive par if the index falls by 12.5% or less and will lose 1.1429% for every 1% decline in the index 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:	$6,582,000
Maturity:	May 16, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 140% of gain, capped at $1,228.90 per $1,000 of notes; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline in index beyond 12.5%
Initial index level:	2,353.78
Pricing date:	April 11
Settlement date:	April 18
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012KJ57

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