New Issue: RBC prices $1.2 million contingent digital return barrier notes linked to Wynn

By Wendy Van Sickle

Columbus, Ohio, July 16 – Royal Bank of Canada priced $1.2 million of 0% contingent digital return barrier notes due July 29, 2020 linked to the common stock of Wynn Resorts, Ltd., according to an FWP filing with the Securities and Exchange Commission.

If the stock’s return is greater than or equal to 69.1% of its initial level, the payout at maturity will be par plus 15%. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial price.

RBC Capital Markets, LLC is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Royal Bank of Canada
Issue:	Contingent digital return barrier notes
Underlying:	Wynn Resorts, Ltd.
Amount:	$1,195,000
Maturity:	July 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock’s return is greater than or equal to 69.1% of its initial level, the payout at maturity will be par plus 15%; otherwise, investors will lose 1% for every 1% that the stock declines from its initial price
Initial share price:	$133.89
Barrier price:	$92.52, 69.1% of initial level
Pricing date:	July 12
Settlement date:	July 17
Underwriter:	RBC Capital Markets, LLC
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	78013XWK0

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