RBC to price bullish barrier enhanced return notes on S&P 500

By Jennifer Chiou

New York, July 11 - Royal Bank of Canada plans to price 0% bullish barrier enhanced return notes due Jan. 30, 2014 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 13.5% to 17.5%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if the index declines by more than 25%.

The notes (Cusip: 78008SDL7) will price on July 26 and settle on Juyl 31.

RBC Capital Markets, LLC is the agent.

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