New Issue: RBC prices $500,000 enhanced return notes on S&P 500 Value

By Kiku Steinfeld

Chicago, June 28 – Royal Bank of Canada priced $500,000 of 0% enhanced return notes due June 16, 2031 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 140% of the index return. Otherwise, investors will be exposed to the index’s decline.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return notes
Underlying index:	S&P 500 Value
Amount:	$500,000
Maturity:	June 16, 2031
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any index gain; otherwise, exposure to the index’s decline
Initial level:	1,481.527
Pricing date:	June 11
Settlement date:	June 16
Underwriter:	RBC Capital Markets Corp.
Fees:	0.1%
Cusip:	78016EAV9

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