New Issue: RBC prices $3.22 million autocallable contingent coupon barrier notes on indexes, ETF

Chicago, Jan. 25 – Royal Bank of Canada priced $3.22 million of autocallable contingent coupon barrier notes due Jan. 23, 2026 linked to the lesser performing of the Nasdaq-100 index, the Russell 2000 index and the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent monthly coupon at the rate of 13.5% per year if the worst performing underlier closes at or above its coupon barrier level, 70% of its initial level, on the relevant observation date.

The notes will be called at par plus coupon if the worst performing underlier closes at or above its initial level on any quarterly observation date after six months.

If the notes are not called and each underlier finishes at or above its coupon barrier, the payout at maturity will be par plus the final coupon.

If the worst performer finishes below its coupon barrier but at or above its 60% trigger level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performing underlier from its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:	Royal Bank of Canada
Issue:	Autocallable contingent coupon barrier notes
Underlying assets:	Russell 2000 index, SPDR S&P Regional Banking ETF, Nasdaq-100 index
Amount:	$3,215,000
Maturity:	Jan. 23, 2026
Coupon:	13.5% annual rate, payable monthly if worst performing underlier closes at or above coupon barrier level on the relevant observation date
Price:	Par
Payout at maturity:	If all underliers finish at or above coupon barrier level, par plus final coupon; if worst performer finishes below coupon barrier but at or above trigger level, par; otherwise, investors will be fully exposed to the worst performer from its initial level
Call:	At par plus coupon if each underlier closes at or above initial level on any quarterly observation date after six months
Initial levels:	1,944.391 for Russell, $51.03 for SPDR, 17,314 for Nasdaq
Coupon barrier levels:	1,361.074 for Russell, $35.72 for SPDR, 12,119.80 for Nasdaq; 70% of initial levels
Trigger levels:	1,166.635 for Russell, $30.62 for SPDR, 10,388.40 for Nasdaq; 60% of initial levels
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	RBC Capital Markets, LLC
Fees:	0.005%
Cusip:	78017FCQ4

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