New Issue: RBC prices $6.7 million buffered bullish enhanced return notes on S&P 500

By Jennifer Chiou

New York, Sept. 19 - Royal Bank of Canada priced $6.7 million of 0% buffered bullish enhanced return notes due Sept. 22, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the index, subject to a maximum return of 18.795%. Investors will receive par if the index falls by 15% or less and will lose 1.1765% for each 1% that it declines beyond 15%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$6.7 million
Maturity:	Sept. 22, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 18.795%; par if index falls by up to 15%; 1.1765% loss per 1% drop beyond 15%
Initial index level:	1,704.76
Pricing date:	Sept. 17
Settlement date:	Sept. 20
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78010UEP8

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