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Published on 3/17/2024 in the Prospect News Structured Products Daily.

New Issue: RBC prices $500,000 buffered enhanced return notes linked to index basket

Chicago, March 18 – Royal Bank of Canada priced $500,000 of 0% buffered enhanced return notes due March 9, 2026 linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 38% weight, the Topix index with a 34% weight, the FTSE 100 index with a 16% weight and the Swiss Market index with a 12% weight.

If the basket return is positive, the payout at maturity will be par plus 160.7% of the return.

Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%.

RBC Capital Markets, LLC is the selling agent.

Issuer:Royal Bank of Canada
Issue:Buffered enhanced return notes
Underlying indexes:Euro Stoxx 50 index (38% weight), Topix index (34% weight), FTSE 100 index (16% weight), Swiss Market index (12% weight)
Amount:$500,000
Maturity:March 9, 2026
Coupon:0%
Price:Par
Payout at maturity:If the basket return is positive, par plus 160.7% of basket return; par if basket declines by 10% or less; otherwise, 1% loss for every 1% that basket declines beyond 10%
Initial levels:4,912.92 for Stoxx, 2,706.28 for Topix, 7,640.33 for FTSE, 11,477.80 for Swiss
Buffer level:90% of initial level
Pricing date:March 4
Settlement date:March 7
Selling agent:RBC Capital Markets, LLC
Fees:1.75%
Cusip:78017FKA0

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