New Issue: RBC prices $820,000 contingent barrier enhanced notes on Hang Seng China Enterprises

By Wendy Van Sickle

Columbus, Ohio, Aug. 27 – Royal Bank of Canada priced $820,000 of 0% contingent barrier enhanced notes due Sept. 11, 2019 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the gain up to $1,269.50 per $1,000 principal amount.

If the index falls by up to 20%, the payout will be par.

If the index return is less than negative 20%, the payout will be par plus the index return with full exposure to losses.

RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.

Issuer:	Royal Bank of Canada
Issue:	Contingent barrier enhanced notes
Underlying index:	Hang Seng China Enterprises
Amount:	$820,000
Maturity:	Sept. 11, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain up to $1,269.50 per $1,000 principal amount; par if index falls by up to 20%; otherwise, full exposure to loss
Initial level:	10,779.71
Barrier level:	8,623.77, 80% of initial level
Pricing date:	Aug. 24
Settlement date:	Aug. 29
Agent:	RBC Capital Markets, LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1%
Cusip:	78013XB64

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