| Issuer |
Royal
Bank of Canada (“RBC”). References on this page to “we,” “us” or “our” mean RBC. |
| Principal Amount |
$10.00 per unit |
| Term |
Approximately
14 months |
| Market Measure |
An international
equity index basket composed of the EURO STOXX 50® Index (Bloomberg symbol: “SX5E”), the FTSE®
100 Index (Bloomberg symbol: “UKX”), the Nikkei Stock Average Index (Bloomberg symbol: “NKY”), the
Swiss Market Index (Bloomberg symbol: “SMI”), the S&P®/ASX 200 Index (Bloomberg symbol: “AS51”)
and the FTSE® China 50 Index (Bloomberg symbol: “XIN0I”). Each Basket Component is a price return
index. The EURO STOXX 50® Index will be given an initial weight of 40.00%, each of the FTSE® 100 Index
and the Nikkei Stock Average Index will be given an initial weight of 20.00%, each of the Swiss Market Index and the S&P®/ASX
200 Index will be given an initial weight of 7.50% and the FTSE® China 50 Index will be given an initial weight of
5.00%. |
| Payout Profile
at Maturity |
·
3-to-1
upside exposure to increases in the Market Measure, subject to the Capped Value
·
1-to-1
downside exposure to decreases in the Market Measure, with 100% of your principal at risk |
| Capped Value |
[$11.40 to $11.80]
per unit, a return of [14.00% to 18.00%] over the principal amount, to be determined on the pricing date |
| Participation
Rate |
300% |
| Preliminary
Offering Documents |
https://www.sec.gov/Archives/edgar/data/1000275/000095010324017045/
dp221440_424b2-mlzoa.htm |
| Exchange Listing |
No |
| · |
Depending on the performance of the Market Measure as
measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal. |
| · |
Your return on the notes may be less than the yield you
could earn by owning a conventional fixed or floating rate debt security of comparable maturity. |
| · |
Payments on the notes are subject to our credit risk,
and actual or perceived changes in our creditworthiness are expected to affect the value of the notes. |
| · |
Your investment return is limited to the return represented
by the Capped Value and may be less than a comparable investment directly in the securities included in the Basket Components. |
| · |
The initial estimated value of the notes is only an estimate,
determined as of a particular point in time by reference to our and our affiliates’ pricing models. |
| · |
The public offering price you pay for the notes will
exceed the initial estimated value. |
| · |
The initial estimated value does not represent a minimum
or maximum price at which we, MLPF&S, BofAS or any of our affiliates would be willing to purchase your notes in any secondary
market (if any exists) at any time. |
| · |
A trading market is not expected to develop for the notes. |
| · |
Our business, hedging and trading activities, and those
of MLPF&S, BofAS and our respective affiliates (including trades in the securities included in the Basket Components), and any
hedging and trading activities we, MLPF&S, BofAS or our respective affiliates engage in for our clients’ accounts, may
affect the market value and return of the notes and may create conflicts of interest with you. |
| · |
There may be potential conflicts of interest involving
the calculation agent, which is BofAS. |
| · |
Changes in the level of one Basket Component may be offset
by changes in the levels of the other Basket Components. |
| · |
The index sponsors may adjust each Basket Component in
a way that affects its level, and the index sponsors have no obligation to consider your interests. |
| · |
You will have no rights of a holder of the securities
included in the Basket Components, and you will not be entitled to receive securities or dividends or other distributions by the
issuers of those securities. |
| · |
While we, MLPF&S, BofAS or our respective affiliates
may from time to time own the securities included in the Basket Components, we, MLPF&S, BofAS and our respective affiliates do
not control the issuers of those securities, and have not verified any disclosure made by any other company. |
| · |
Your return on the notes and the value of the notes may
be affected by exchange rate movements and factors affecting the international securities markets, specifically changes in the countries
represented by the Basket Components. |
| · |
The U.S. federal income tax consequences of an investment
in the notes are uncertain. |
