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CUSIP: 78017FRG0
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Trade Date: April 25, 2024
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Issue Date: April 30, 2024
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Valuation Date: April 25, 2029
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Maturity Date: April 30, 2029
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Term: 5 years
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Reference Asset: the S&P 500® Index (SPX)
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Maximum Redemption Amount: At least 142% (to be determined on the Pricing Date)
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Minimum Payment: $1,000 per $1,000 in principal amount
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Participation Rate: 100%
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Percentage Change of the Reference Asset:
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The notes will pay at maturity a return equal to 100% of the Percentage Change if the level of the Reference Asset increases from the Initial Level to the Final Level, subject to the Maximum Redemption
Amount.
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Return of principal amount only if the Final Level of the Reference Asset is less than or equal to the Initial Level.
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The notes are subject to Royal Bank of Canada’s credit risk.
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The notes do not pay interest.
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Your notes are likely to have limited liquidity.
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Your potential payment at maturity is limited.
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Please see the following page for important risk factor information.
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We intend to take the position that the notes will be treated as debt instruments subject to the special tax rules governing contingent payment debt instruments for U.S. federal income tax
purposes.
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You May Not Earn a Positive Return on Your Investment
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The Notes Do Not Pay Interest and Your Return May Be Lower than the Return on a Conventional Debt Security of Comparable Maturity.
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Your Potential Payment at Maturity Is Limited.
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Payments on the Notes Are Subject to Our Credit Risk, and Changes in Our Credit Ratings Are Expected to Affect the Market Value of the Notes.
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You Will Be Required to Include Income on the Notes Over Their Term Based Upon a Comparable Yield, Even Though You Will Not Receive Any Payments Until Maturity.
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There May Not Be an Active Trading Market for the Notes—Sales in the Secondary Market May Result in Significant Losses.
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The Initial Estimated Value of the Notes Will Be Less than the Price to the Public.
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The Initial Estimated Value of the Notes that We Will Provide in the Final Pricing Supplement Will Be an Estimate Only, Calculated as of the Time the Terms of the Notes Are Set.
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Our Business Activities May Create Conflicts of Interest.
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You Will Not Have Any Rights to the Securities Included in the Reference Asset.
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The Payments on the Notes Are Subject to Postponement Due to Market Disruption Events and Adjustments.
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