New Issue: RBC sells $2.78 million buffer enhanced return notes on Russell 2000

New York, June 8 – Royal Bank of Canada priced $2.78 million of 0% buffer enhanced return notes due July 27, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain capped at a maximum payout of par plus 12.15%.

Investors will receive par if the index falls by up to 10% and will have one-to-one exposure to losses beyond 10%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffer enhanced return notes
Underlying index:	Russell 2000
Amount:	$2,784,000
Maturity:	July 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain capped at par plus 12.15%; par if index declines by up to 10%; exposure to losses beyond 10%
Initial index level:	1,179.973
Buffer level:	1,061.976, 90% of initial level
Pricing date:	June 7
Settlement date:	June 14
Agent:	RBC Capital Markets, LLC
Fees:	0.1%
Cusip:	78012KQB6

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