user17748: Subclips are great for organizing. This makes a lot of sense when you either do it in prelude ahead of time etc. But what about when you want to make clips from say an interview. 
I have a sequence for each interview, each sequence has a video clip, audio track, and adjustment layer for effects. I want to now be able to create subclips of this as if it were a single video clip. (Yes I know I could export it as a video clip and then make clips but the point is I want to have a bunch of clips that are linked to the sequence so that way if I go back and make changes to the audio or the adjustment layer it will effect all the clips.)
I know you can right click on the sequence and "Open in Source Monitor" and create clips that way, however I noticed when you then make changes to the original sequence they do not update the clips. I.E. the clips are separate pieces and not linked. 
Is there a way to create linked subclips from sequences in premiere pro CC?
—-
Note:
Though there are workarounds with nested sequences there really isn’t a feature like this in Premiere. To me it seems like with professional editing this should be something that’s used way more often, or maybe there is a different methodology for how to edit those. I think this would be a really useful feature

user10931: If you convert all the clips in your timeline (video, audio, adjustment layer) into a Compound Clip, then underlying changes will be properly reflected in your Compound Clip.

user21965: NOTE: This isn't the answer that OP was looking for but I'll leave it here for now in case it is of help to anyone else looking to do something similar. Sorry OP!
Try selecting the necessary items on the timeline, right click and select 'Make Subsequence' - this will create a brand new sequence out of those items and leave them where they are (R-click & 'Nest' will REPLACE those items with the nested sequence). You can then drag and drop the subsequence onto a timeline in another sequence and, when you double-click to open the subsequence, any changes you make in there will be reflected in the parent timeline.
You can also just create a brand new sequence and drag any other sequence into it, then amend the original sequences to have those changes reflected in the parent.
Hopefully this makes it a bit clearer:

As I said above, you can use 'Make Subsequence' instead of 'Nest' to create a new sequence but NOT replace the footage in the timeline, or skip this step and create a new MASTER sequence and drop existing sequences into it.

17748: <p>Subclips are great for organizing. This makes a lot of sense when you either do it in prelude ahead of time etc. But what about when you want to make clips from say an interview. </p>

<p>I have a sequence for each interview, each sequence has a video clip, audio track, and adjustment layer for effects. I want to now be able to create subclips of this as if it were a single video clip. (Yes I know I could export it as a video clip and then make clips but the point is I want to have a bunch of clips that are linked to the sequence so that way if I go back and make changes to the audio or the adjustment layer it will effect all the clips.)</p>

<p>I know you can right click on the sequence and "Open in Source Monitor" and create clips that way, however I noticed when you then make changes to the original sequence they do not update the clips. I.E. the clips are separate pieces and not linked. </p>

<p>Is there a way to create linked subclips from sequences in premiere pro CC?</p>

<p>—-
Note:
Though there are workarounds with nested sequences there really isn’t a feature like this in Premiere. To me it seems like with professional editing this should be something that’s used way more often, or maybe there is a different methodology for how to edit those. I think this would be a really useful feature</p>
 10931: <p>If you convert all the clips in your timeline (video, audio, adjustment layer) into a Compound Clip, then underlying changes will be properly reflected in your Compound Clip.</p>
 21965: <p><strong>NOTE:</strong> <em>This isn't the answer that OP was looking for but I'll leave it here for now in case it is of help to anyone else looking to do something similar. Sorry OP!</em></p>

<p>Try selecting the necessary items on the timeline, right click and select 'Make Subsequence' - this will create a brand new sequence out of those items and leave them where they are (R-click &amp; 'Nest' will REPLACE those items with the nested sequence). You can then drag and drop the subsequence onto a timeline in another sequence and, when you double-click to open the subsequence, any changes you make in there will be reflected in the parent timeline.</p>

<p>You can also just create a brand new sequence and drag any other sequence into it, then amend the original sequences to have those changes reflected in the parent.</p>

<p>Hopefully this makes it a bit clearer:</p>

<p><a href="https://i.stack.imgur.com/4PUEB.jpg" rel="nofollow noreferrer"><img src="https://i.stack.imgur.com/4PUEB.jpg" alt="Subsequence Creation &amp; Editing"></a></p>

<p>As I said above, you can use 'Make Subsequence' instead of 'Nest' to create a new sequence but NOT replace the footage in the timeline, or skip this step and create a new MASTER sequence and drop existing sequences into it.</p>
