New Issue: RBC sells $3.33 million of leveraged buffered notes linked to S&P 500

By Devika Patel

Knoxville, Tenn., March 27 – Royal Bank of Canada priced $3.33 million of 0% leveraged buffered notes due March 22, 2019 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 index gain, up to a maximum settlement amount of $1,231 per $1,000 of notes.

Investors will receive par if the index falls by 5% or less and will lose 1.0526% for every 1% decline in the index beyond 5%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$3.33 million
Maturity:	March 22, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of the gain, subject to cap of $1,231 per $1,000 of notes; par if index falls by up to 5%; 1.0526% loss for every 1% decline in index beyond 5%
Initial index level:	2,345.96
Pricing date:	March 23
Settlement date:	March 30
Agents:	RBC Capital Markets, LLC
Fees:	1.47%
Cusip:	78012KF36

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