RBC plans contingent digital return barrier notes linked to Wynn

By Sarah Lizee

Olympia, Wash., July 9 – Royal Bank of Canada plans to price 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

The notes will price July 12.

The Cusip number is 78013XWK0.

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