New Issue: RBC prices $1.31 million barrier enhanced return notes linked to S&P/TSX 60

By Angela McDaniels

Tacoma, Wash., July 25 – Royal Bank of Canada priced $1.31 million of 0% barrier enhanced return notes due July 25, 2019 linked to the S&P/TSX 60 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 110% of the index return. Investors will receive par if the index falls by up to 25% and will be fully to the index’s decline from its initial level if it falls by more than 25%.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Barrier enhanced return notes
Underlying index:	S&P/TSX 60
Amount:	$1.31 million
Maturity:	July 25, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any index gain; par if index declines by up to 25%; full exposure to losses if index falls by more than 25%
Initial index level:	850.34
Barrier level:	637.76, 75% of initial level
Pricing date:	July 22
Settlement date:	July 27
Underwriter:	RBC Capital Markets, LLC
Fees:	2.75%
Cusip:	78012KRC3

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