New Issue: RBC prices $1 million bullish barrier enhanced return notes tied to Euro Stoxx 50

By Jennifer Chiou

New York, Feb. 28 - Royal Bank of Canada priced $1 million of 0% bullish barrier enhanced return notes due March 1, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level on the Feb. 25, 2016 valuation date, the payout at maturity will be par plus 126.5% of the index return.

If the index declines by up to 30%, the payout will be par. If the index declines by more than 30%, investors will be fully exposed to losses from the initial index level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish barrier enhanced return notes
Underlying index:	Euro Stoxx 50
Amount:	$1 million
Maturity:	March 1, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive on Feb. 25, 2016 valuation date, par plus 126.5% of the index return; if index falls by up to 30%, par; otherwise, full exposure to losses from initial index level
Initial level:	2,651.86
Barrier level:	70% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	RBC Capital Markets, LLC
Fees:	3%, all for selling concessions
Cusip:	78008SYW0

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