Royal Bank of Canada
Market Linked Securities
|
Filed Pursuant to Rule 433
Registration Statement No. 333-275898
|
Market Linked Securities—Leveraged Upside Participation and Contingent Downside
Principal at Risk Securities Linked to a Basket of Three Indices due November 2, 2029
Term Sheet to Preliminary Pricing Supplement No. WFC249 dated April 17, 2024
|
Issuer :
|
Royal Bank of Canada (the “Bank”)
|
||
Market Measure:
|
An unequally-weighted basket (the "Basket") comprised of the S&P 500®
Index (50.00%), EURO STOXX 50® Index (30.00%), and the TOPIX® Index
(20.00%) (each, a “basket component” and together, the “basket components”).
|
||
Pricing Date*:
|
April 30, 2024
|
||
Issue Date*:
|
May 3, 2024
|
||
Face Amount and
Original Offering
Price:
|
$1,000 per security
|
||
Maturity Payment
Amount (per
security):
|
• if
the ending level is greater than the starting level: $1,000 plus:
$1,000 × basket return x upside participation rate;
• if
the ending level is less than or equal to the starting level, but greater than or equal to the threshold level:
$1,000; or
• if the ending level is less than the
threshold level:
$1,000 + ($1,000 × basket return)
|
||
Stated Maturity
Date*:
|
November 2, 2029
|
||
Starting Level:
|
100.00
|
||
Ending Level:
|
The product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 50% of the component return of the S&P 500® Index; (B) 30% of the component return of the EURO STOXX 50® Index; and (C) 20% of the component return
of the TOPIX® Index.
|
||
Threshold Level:
|
75.00, which is equal to 75% of the starting level
|
||
Upside
Participation Rate:
|
At least 150% (to be determined on the pricing date).
|
||
Basket Return:
|
(ending level – starting level) / starting level
|
||
Component
Return:
|
(final component level – initial component level) / initial component level
|
||
Initial Component
Level:
|
The closing level of a basket component on the pricing date
|
||
Final Component
Level:
|
The closing level of a basket component on the calculation day
|
||
Calculation Day*:
|
October 30, 2029
|
||
Calculation Agent:
|
RBC Capital Markets, LLC (“RBCCM”), an affiliate of the issuer
|
||
Denominations:
|
$1,000 and any integral multiple of $1,000
|
||
Agent Discount**:
|
Up to 3.87%; dealers, including those using the trade name Wells Fargo Advisors (“WFA”), may receive a selling concession of up to 3.00% and WFA may receive a
distribution expense fee of 0.12%
|
||
CUSIP:
|
78017FU92
|
||
Material Tax
Consequences:
|
See the preliminary pricing supplement.
|
*
|
subject to change
|
**
|
In addition, selected dealers may receive a fee of up to 0.20% for marketing and other services
|
• |
If The Ending Level Is Less Than The Threshold Level, You Will Lose More Than 25%, And Possibly Up To 100%, Of The Face Amount Of Your Securities At Maturity.
|
• |
No Periodic Interest Will Be Paid On The Securities.
|
• |
Changes In The Levels Of The Basket Components May Offset Each Other.
|
• |
The Securities Are Subject To Credit Risk.
|
• |
Significant Aspects Of The Tax Treatment Of The Securities Are Uncertain.
|
• |
Our Initial Estimated Value Of The Securities Will Be Less Than The Original Offering Price.
|
• |
The Initial Estimated Value Of The Securities Is An Estimate Only, Calculated As Of The Time The Terms Of The Securities Are Set.
|
• |
The Value Of The Securities Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.
|
• |
The Securities Will Not Be Listed On Any Securities Exchange And We Do Not Expect A Trading Market For The Securities To Develop.
|
• |
The Securities Are Subject To Risks Associated With Non-U.S. Companies.
|
• |
The Securities Will Not Be Adjusted For Changes In Exchange Rates.
|
• |
The Maturity Payment Amount Will Depend Upon The Performance Of The Basket Components And Therefore The Securities Are Subject To A Variety Of Risks, Each As Discussed In More Detail In The Accompanying Product Supplement.
|
• |
The Stated Maturity Date May Be Postponed If The Calculation Day Is Postponed.
|
• |
Our Economic Interests And Those Of Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests.
|