RBC to price buffered bullish notes linked to SPDR Dow Jones trust

By Angela McDaniels

Tacoma, Wash., March 4 - Royal Bank of Canada plans to price 0% buffered bullish enhanced return notes due March 29, 2018 linked to SPDR Dow Jones industrial average ETF trust, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 111% to 121% of any increase in the trust, with the exact leverage factor to be set at pricing. Investors will receive par if the trust declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

RBC Capital Markets, LLC is the underwriter.

The notes are expected to price March 25 and settle March 28.

The Cusip number is 78008SA71.

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