Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
02 August 2024 - 7:23AM
Edgar (US Regulatory)
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Barrier Digital Notes
Linked to the Least Performing of Three Underliers
Due August 31, 2026
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| · | Contingent Fixed Return — If the Final Underlier Value of the Least Performing Underlier is greater than or equal to
its Barrier Value, at maturity, investors will receive a fixed return equal to the Digital Return of at least 17.50% (to be determined
on the Trade Date). |
| · | Principal at Risk — If the Final Underlier Value of the Least Performing Underlier is less than its Barrier Value, at
maturity, investors will lose 1% of the principal amount of their Notes for each 1% that the Final Underlier Value of the Least Performing
Underlier is less than its Initial Underlier Value. |
KEY TERMS |
Issuer: |
Royal Bank of Canada (“RBC”) |
CUSIP: |
78017GGF2 |
Underliers: |
The Nasdaq-100 Index® (Bloomberg symbol “NDX”), the Russell 2000® Index (Bloomberg symbol “RTY”) and the S&P 500® Index (Bloomberg symbol “SPX”) |
Trade Date: |
August 26, 2024 |
Issue Date: |
August 29, 2024 |
Valuation Date: |
August 26, 2026 |
Maturity Date: |
August 31, 2026 |
Payment at Maturity: |
Investors will receive on the Maturity
Date per $1,000 principal amount of Notes:
·
If the Final Underlier
Value of the Least Performing Underlier is greater than or equal to its Barrier Value, an amount equal to:
$1,000 + ($1,000 ×
Digital Return)
·
If
the Final Underlier Value of the Least Performing Underlier is less than its Barrier Value, an amount equal to:
$1,000 + ($1,000 ×
Underlier Return of the Least Performing Underlier)
If the Final Underlier Value of the Least Performing
Underlier is less than its Barrier Value, you will lose a substantial portion or all of your principal amount at maturity. |
Digital Return: |
At least 17.50%, to be determined on the Trade Date |
Barrier Value: |
With respect to each Underlier, 75% of its Initial Underlier Value |
Underlier Return: |
With respect to each Underlier:
Final Underlier Value –
Initial Underlier Value
Initial Underlier Value |
Initial Underlier Value: |
With respect to each Underlier, the closing value of that Underlier on the Trade Date |
Final Underlier Value: |
With respect to each Underlier, the closing value of that Underlier on the Valuation Date |
Least Performing Underlier: |
The Underlier with the lowest Underlier Return |
― Least Performing Underlier Performance
― Note Performance
This document provides a summary of the terms of the
Notes. Investors should carefully review the accompanying preliminary pricing supplement, product supplement, underlying supplement, prospectus
supplement and prospectus, as well as “Selected Risk Considerations” below, before making a decision to invest in the Notes:
https://www.sec.gov/Archives/edgar/data/1000275/000095010324011315/dp215810_424b2-us1395mul.htm
The initial estimated value of the Notes determined
by us as of the Trade Date, which we refer to as the initial estimated value, is expected to be between $905.80 and $955.80 per $1,000
principal amount of Notes and will be less than the public offering price of the Notes. We describe the determination of the initial estimated
value in more detail in the accompanying preliminary pricing supplement.
Selected Risk Considerations
An investment in the Notes involves significant risks.
We urge you to consult your investment, legal, tax, accounting and other advisers before you invest in the Notes. Some of the risks that
apply to an investment in the Notes are summarized below, but we urge you to read also the “Selected Risk Considerations”
section of the accompanying preliminary pricing supplement and the “Risk Factors” sections of the accompanying prospectus,
prospectus supplement and product supplement. You should not purchase the Notes unless you understand and can bear the risks of investing
in the Notes.
| · | You May Lose a Portion or All of the Principal Amount at Maturity. |
| · | Your Potential Return at Maturity Is Limited. |
| · | Any Payment on the Notes Will Be Determined Solely by the Performance of the Least Performing Underlier Even If the Other Underliers
Perform Better. |
| · | The Notes Do Not Pay Interest, and Your Return on the Notes May Be Lower Than the Return on a Conventional Debt Security of Comparable
Maturity. |
| · | Payments on the Notes Are Subject to Our Credit Risk, and Market Perceptions about Our Creditworthiness May Adversely Affect the Market
Value of the Notes. |
| · | Any Payment on the Notes Will Be Determined Based on the Closing Values of the Underliers on the Dates Specified. |
| · | The U.S. Federal Income Tax Consequences of an Investment in the Notes Are Uncertain. |
| · | There May Not Be an Active Trading Market for the Notes; Sales in the Secondary Market May Result in Significant Losses. |
| · | The Initial Estimated Value of the Notes Will Be Less Than the Public Offering Price. |
| · | The Initial Estimated Value of the Notes Is Only an Estimate, Calculated as of the Trade Date. |
| · | Our and Our Affiliates’ Business and Trading Activities May Create Conflicts of Interest. |
| · | RBCCM’s Role as Calculation Agent May Create Conflicts of Interest. |
| · | You Will Not Have Any Rights to the Securities Included in Any Underlier. |
| · | The Notes Are Subject to Small-Capitalization Companies Risk with Respect to the RTY Index. |
| · | The Notes Are Subject to Risks Relating to Non-U.S. Securities with Respect to the NDX Index. |
| · | We May Accelerate the Notes If a Change-in-Law Event Occurs. |
| · | Any Payment on the Notes May Be Postponed and Adversely Affected by the Occurrence of a Market Disruption Event. |
| · | Adjustments to an Underlier Could Adversely Affect Any Payments on the Notes. |
Royal Bank of Canada has filed a registration statement
(including a product supplement, underlying supplement, prospectus supplement and prospectus) with the SEC for the offering to which this
document relates. Before you invest, you should read those documents and the other documents that we have filed with the SEC for more
complete information about us and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, we, any agent or any dealer participating in this offering will arrange to send you those documents if you so request by
calling toll-free at 1-877-688-2301.
As used in this document, “Royal Bank of Canada,”
“we,” “our” and “us” mean only Royal Bank of Canada. Capitalized terms used in this document without
definition are as defined in the accompanying preliminary pricing supplement.
Registration Statement No. 333-275898; filed pursuant
to Rule 433
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