New Issue: RBC sells $2.98 million buffered bullish enhanced notes linked to Stoxx

By Susanna Moon

Chicago, June 27 – Royal Bank of Canada priced $2.98 million of 0% buffered bullish enhanced return notes due July 11, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum redemption amount of $1,160 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	Euro Stoxx 50
Amount:	$2,975,000
Maturity:	July 11, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 16%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	3,554.18
Pricing date:	June 6
Settlement date:	June 13
Agent:	RBC Capital Markets, LLC
Fees:	0.1%
Cusip:	78012KW52

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