New Issue: RBC sells $145,000 bullish enhanced return notes tied to S&P 500 index

By Devika Patel

Knoxville, Tenn., March 30 – Royal Bank of Canada priced $145,000 of 0% bullish enhanced return notes due May 31, 2017 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 12.3%.

Investors will be fully exposed to any decline in the index.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Bullish enhanced return notes
Underlying index:	S&P 500
Amount:	$145,000
Maturity:	May 31, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, capped at 12.3%; exposure to any losses
Initial level:	1,903.63
Pricing date:	March 28
Settlement date:	March 31
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78012KLS4

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