New Issue: RBC prices $285,000 buffered enhanced return notes linked to SPDR Dow

By Susanna Moon

Chicago, Feb. 27 - Royal Bank of Canada priced $285,000 of 0% buffered enhanced return notes due Feb. 28, 2018 linked to the SPDR Dow Jones industrial average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.18 times any gain in the fund.

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

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Buffered enhanced return notes
Underlying fund:	SPDR Dow Jones industrial average ETF Trust
Amount:	$285,000
Maturity:	Feb. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 118% of any fund gain; par if shares fall by 20% or less; exposure to losses beyond 20%
Initial level:	137.66
Buffer level:	110.13, or 80% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	RBC Capital Markets, LLC
Fees:	None
Cusip:	78008SYU4

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