New Issue: RBC prices $630,000 enhanced return notes linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Sept. 6 – Royal Bank of Canada priced $630,000 of 0% enhanced return notes due Oct. 31, 2017 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 300% of any index gain, subject to a maximum payout of 111.25% of par.

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

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Enhanced return notes
Underlying index:	S&P 500
Amount:	$630,000
Maturity:	Oct. 31, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 300% of any index gain, up to maximum return of 11.25%; full exposure to any index decline
Initial level:	2,169.04
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Underwriter:	RBC Capital Markets, LLC
Fees:	2.25%
Cusip:	78012KRM1

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