New Issue: RBC sells $1.56 million buffered bullish return notes linked to the Dow

By Susanna Moon

Chicago, Nov. 28 - Royal Bank of Canada priced $1.56 million of 0% buffered bullish enhanced return notes due Nov. 30, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 124% of any gain in the index.

Investors will receive par if the index falls by up to 40% and will lose 1.6667% for every 1% decline beyond 40%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying index:	Dow Jones industrial average
Amount:	$1.56 million
Maturity:	Nov. 30, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 124% of any index gain; par if index falls by up to 40%; exposure to losses beyond 40%
Initial level:	12,878.13
Trigger level:	7,726.88, 60% of initial level
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78008SQR0

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