Royal Bank of Canada
Market Linked Notes
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Market Linked Notes—Leveraged Upside Participation and Principal Return at Maturity
Notes Linked to the EURO STOXX 50® Index due November 3, 2027
Term Sheet to Preliminary Pricing Supplement No. WFC245 dated March 27, 2024
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Issuer :
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Royal Bank of Canada
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Market Measure:
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EURO STOXX 50® Index (the “Index”)
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Pricing Date*:
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April 29, 2024
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Issue Date*:
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May 2, 2024
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Face Amount and
Original Offering
Price:
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$1,000 per note
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Maturity
Payment Amount
(per note):
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• if the ending level is
greater than the starting level:
$1,000 plus $1,000 × index return × upside participation rate
• if the
ending level is less than or equal to the starting level: $1,000
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Stated Maturity
Date*: |
November 3, 2027
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Starting Level:
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The closing level of the Index on the pricing date
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Ending Level:
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The closing level of the Index on the calculation day
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Upside
Participation
Rate:
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At least 110%, to be determined on the pricing date
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Index Return:
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(ending level – starting level) / starting level
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Calculation Day*:
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October 29, 2027
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Calculation
Agent:
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RBC Capital Markets, LLC (“RBCCM”), an affiliate of the issuer
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Denominations:
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$1,000 and any integral multiple of $1,000
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Agent
Discount**:
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Up to 3.325%; dealers, including those using the trade name Wells Fargo Advisors (“WFA”), may receive a selling concession of up to 2.25% and WFA may receive a
distribution expense fee of 0.075%
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CUSIP:
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78017FQ48
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Material Tax
Consequences:
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See the preliminary pricing supplement.
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*subject to change
** In addition, selected dealers may receive a fee of up to 0.15% for marketing and other services
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You May Not Receive Any Positive Return On Your Investment In The Notes.
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No Periodic Interest Will Be Paid On The Notes.
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The Notes Are Subject To Credit Risk.
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The Notes Are Considered To Be Issued With Original Issue Discount And Investors May Have Taxable Income Prior To The Receipt Of The Related Cash.
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Our Initial Estimated Value Of The Notes Will Be Less Than The Original Offering Price.
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The Initial Estimated Value Of The Notes Is An Estimate Only, Calculated As Of The Time The Terms Of The Notes Are Set.
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The Value Of The Notes Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.
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The Notes Will Not Be Listed On Any Securities Exchange And We Do Not Expect A Trading Market For The Notes To Develop.
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The Maturity Payment Amount Will Depend Upon The Performance Of The Index And Therefore The Notes Are Subject To A Variety Of Risks, As Discussed In More Detail In The Accompanying Product Supplement.
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The Stated Maturity Date May Be Postponed If The Calculation Day Is Postponed.
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An Investment In The Notes Is Subject To Risks Relating To Non-U.S. Companies.
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The Notes Will Not Be Adjusted For Changes In Exchange Rates.
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Our Economic Interests And Those Of Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests.
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