New Issue: RBC prices $441,000 buffered bullish enhanced notes linked to SPDR Dow

By Susanna Moon

Chicago, March 27 - Royal Bank of Canada priced $441,000 of 0% buffered bullish enhanced return notes due March 29, 2018 linked to the SPDR Dow Jones industrial average exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 112% of any gain in the fund.

Investors will receive par if the shares fall by up to 20% and will be exposed to any losses beyond 20%.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered bullish enhanced return notes
Underlying fund:	SPDR Dow Jones industrial average ETF Trust
Amount:	$441,000
Maturity:	March 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 112% of any fund gain; par if shares fall by up to 20%; exposure to any losses beyond 20%
Initial level:	$144.22
Buffer level:	$115.38, or 80% of initial level
Pricing date:	March 25
Settlement date:	March 28
Agent:	RBC Capital Markets, LLC
Fees:	0.25%
Cusip:	78008SA71

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