New Issue: RBC prices $2.17 million buffered enhanced return notes linked to S&P

By Angela McDaniels

Tacoma, Wash., Sept. 28 – Royal Bank of Canada priced $2.17 million of 0% buffered enhanced return notes due Sept. 30, 2019 linked to the S&P 500 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 200% of the index return, subject to a maximum return of 15%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index may decline beyond 10%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying index:	S&P 500
Amount:	$2.17 million
Maturity:	Sept. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 15% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index may decline beyond 10%
Initial index level:	2,496.84
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Underwriter:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78012K7G6

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