New Issue: RBC prices $1.02 million buffered bullish enhanced return notes linked to the Dow

By Toni Weeks

San Luis Obispo, Calif., Jan. 30 - Royal Bank of Canada priced $1.02 million of 0% buffered bullish enhanced return notes due Jan. 31, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level on the Jan. 29, 2018 valuation date, the payout at maturity will be par plus 118.75% of the index return.

If the index declines by up to 40%, the payout will be par. If the index declines by more than 40%, investors will lose 1.6667% for every 1% decline beyond the 40% buffer.

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:	$1,023,000
Maturity:	Jan. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive on Jan. 29, 2018 valuation date, par plus 118.75% of the index return; if index falls by up to 40%, par; otherwise, 1.6667%	loss for every 1% decline beyond the 40% buffer
Initial level:	13,881.93
Buffer level:	8,329.16, 60% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	RBC Capital Markets, LLC
Fees:	0.25%, all for selling concessions
Cusip:	78008SUH7

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