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CUSIP: 78017FWH2
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Trade Date: May 31, 2024
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Issue Date: June 5, 2024
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Valuation Date: November 28, 2025
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Maturity Date: December 3, 2025
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Term: 1.50 years
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Reference Assets: the Russell 2000® Index (“RTY”) and the S&P 500® Index (“SPX”)
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Maximum Redemption Amount: At least 121.25% of the principal amount (to be determined on the Trade Date).
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Buffer Level: 85% of each Initial Level
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Buffer Percentage: 15%
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Participation Rate: 200%
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Lesser Performing Reference Asset: the Reference Asset with the lowest Percentage Change
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Percentage Change of each Reference Asset:
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Payment at Maturity linked to the Reference Asset with the lowest Percentage Change.
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Receive a leveraged return above the Percentage Change if the level of the Lesser Performing Reference Asset increases from its Initial Level to its Final Level, subject to the Maximum Redemption Amount.
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Return of principal if the Lesser Performing Reference Asset does not decrease by more than 15%.
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Subject to 1% loss of the principal amount for each 1% decline in the level of the Lesser Performing Reference Asset beyond its Buffer Level.
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The notes are subject to Royal Bank of Canada’s credit risk.
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The return on the notes is capped.
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The notes are not principal protected.
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Your notes are likely to have limited liquidity.
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Please see the following page for important risk factor information.
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Each investor will agree to treat the notes as a pre-paid cash-settled derivative contract for U.S. federal income tax purposes, as described in more detail in the product prospectus supplement.
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You May Lose Some or a Significant Portion of the Principal Amount at Maturity.
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Your Payment at Maturity Will Be Determined Solely by Reference to the Lesser Performing Reference Asset Even if the Other Reference Asset Performs Better.
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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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The Payments on the Notes Are Subject to Postponement Due to Market Disruption Events and Adjustments.
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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 Assets.
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An Investment in Notes Linked to the RTY Is Subject to Risks Associated in Investing in Stocks With a Small Market Capitalization.
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