New Issue: RBC sells $7.36 million contingent market-linked autocalls on three indexes

By Wendy Van Sickle

Columbus, Ohio, April 26 – Royal Bank of Canada priced $7.36 million of market-linked securities – autocallable with contingent coupon and contingent downside due Sept. 29, 2025 linked to the performance of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly interest payment at the rate of 9.5% per year if each index closes at or above the coupon barrier level, 75% of the initial share level, on the observation date for that period.

The notes will be called at par plus an interest payment if each index closes at or above the initial level on any quarterly call observation date after six months.

The payout at maturity will be par plus the final interest payment, if any, if each index finishes at or above 65% downside threshold. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

RBC Capital Markets, LLC and Wells Fargo Securities, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Market linked securities – autocallable with contingent coupon and contingent downside
Underlying indexes:	S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:	$7,361,000
Maturity:	Sept. 29, 2025
Coupon:	9.5% annual rate, payable quarterly if all indexes close at or above their coupon barrier levels on the relevant observation date
Price:	Par
Payout at maturity:	Par plus final coupon, if any, of each index finishes at or above downside threshold; otherwise, 1% loss for every 1% decline of worst performer from its initial level
Call:	At par plus coupon if each index closes at or above its initial level on any quarterly call observation date after six months
Initial levels:	4,109.31 for S&P, 1,802.484 for Russell, 13,181.35 for Nasdaq
Coupon barriers:	3,081.9825 for S&P, 1,351.863 for Russell, 9,886.0125 for Nasdaq; 75% of initial levels
Downside thresholds:	2,671.0515 for S&P, 1,171.6146 for Russell, 8,567.8775 for Nasdaq; 65% of initial levels
Pricing date:	March 31
Settlement date:	April 5
Agents:	RBC Capital Markets, LLC and Wells Fargo Securities, LLC
Fees:	2.325%
Cusip:	78016HTH3

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