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CUSIP: 78017FX65
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Pricing Date: May 31, 2024
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Settlement 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: 18 months
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Reference Asset: the S&P 500® Index (SPX)
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Lower Barrier Level: no more than 79.0% of the Initial Level (to be determined on the Trade Date)
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Upper Barrier Level: at least 121.0% of the Initial Level (to be determined on the Trade Date)
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Minimum Payment at Maturity: $1,000 per $1,000 in principal amount
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Percentage Change of the Reference Asset:
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If a Barrier Event has occurred, $1,020.
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If a Barrier Event has not occurred:
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if the Percentage Change is greater than or equal to 0%, $1,000 + ($1,000 x Percentage Change).
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if the Percentage Change is less than 0%, $1,000 + [-1 x ($1,000 x Percentage Change)]
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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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CUSIP: 78017FX65
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TRADE DATE: May 31, 2024
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ISSUE DATE: June 5, 2024
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The Notes Do Not Pay Interest and Your Return Could Be Zero or 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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