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CUSIP: 78017FY80
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Trade Date: May 28, 2024 (expected)
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Settlement Date: May 31, 2024 (expected)
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Valuation Date: May 28, 2027 (expected)
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Maturity Date: June 3, 2027 (expected)
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Automatic Call Amount: at least 110% of the principal amount (to be determined on the Trade Date)
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Observation Date: May 28, 2025 (expected)
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Early Redemption Date: June 2, 2025 (expected)
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Term: 3 years, if not automatically called
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Reference Asset: the Russell 2000® Index (RTY)
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Participation Rate: 140%
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Barrier Level: 75% of the Initial Level
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Percentage Change of the Reference Asset:
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If the Final Level is greater than the Initial Level on the Maturity Date, the Notes will pay at maturity a return equal to the Percentage Change times the Participation Rate
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Subject to 1% loss of the principal amount for each 1% that the Reference Asset decreases if the Final Level is less than the Barrier Level.
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The Notes will be automatically called for the Automatic Call Amount if the closing level of the Reference Asset on the Observation Date is greater 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 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 callable 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 Receive Less Than the Principal Amount at Maturity.
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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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The Notes Are Subject to an Automatic Call.
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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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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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An Investment in the Notes Linked to the RTY Is Subject to Risks Associated in Investing in Stocks With a Small Market Capitalization
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