RBC to price contingent barrier enhanced notes linked to lululemon

By Jennifer Chiou

New York, Dec. 17 - Royal Bank of Canada plans to price 0% contingent barrier enhanced notes due Jan. 6, 2015 linked to lululemon athletica inc. shares, according to an FWP with the Securities and Exchange Commission.

If the stock return is greater than or equal to the barrier level of 80% of the initial level, the payout will be par plus the contingent return of 15%.

If the stock price falls below the barrier level, investors will be fully exposed to losses from the initial stock price.

The notes (Cusip: 78010ULM7) will price on Dec. 20 and settle on Dec. 26.

RBC Capital Markets, LLC is the underwriter. J.P. Morgan Securities LLC is the agent.

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