Royal Bank of Canada Launches Enhanced Return Notes Linked to S&P 500 Index

Royal Bank of Canada (RBC) has introduced Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index, with a maturity date of September 30, 2031.

The notes offer investors the potential for returns of at least 160% of the underlier's performance, if the final value is greater than the initial value.

However, investors may not receive any return on their principal amount if the final value is less than or equal to the initial value.

The notes do not pay interest, and market perceptions about RBC's creditworthiness may affect the market value of the notes.