New Issue: RBC prices $3 million digital plus barrier notes linked to Wynn Resorts

By Marisa Wong

Morgantown, W.Va., Feb. 8 – Royal Bank of Canada priced $3 million of 0% digital plus barrier notes due Aug. 3, 2018 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than 70% of the initial share price, the payout at maturity will be par plus the greater of the stock return and 15%, subject to a maximum return of 23%.

If the final share price is less than or equal to the 70% barrier share price, investors will receive a number of Wynn Resorts shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Digital plus barrier notes
Underlying stock:	Wynn Resorts, Ltd. (Symbol: WYNN)
Amount:	$3 million
Maturity:	Aug. 3, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the final share price is greater than barrier price, par plus the greater of the stock return and 15%, capped at 23%; if the final share price is less than or equal to the barrier price, a number of Wynn Resorts shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares
Initial share price:	$101.69
Barrier price:	$71.18, 70% of initial share price
Pricing date:	Jan. 31
Settlement date:	Feb. 3
Underwriter:	RBC Capital Markets, LLC
Fees:	1%
Cusip:	78013GCD5

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