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Published on 5/3/2023 in the Prospect News Structured Products Daily.

New Issue: RBC sells $3.78 million capped market-linked notes with principal return on Nasdaq-100

By Wendy Van Sickle

Columbus, Ohio, May 3 – Royal Bank of Canada priced $3.78 million of 0% market-linked securities – upside participation to a cap and principal return at maturity due Nov. 2, 2026 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index, subject to a maximum payout of par plus 27%.

Otherwise, investors will receive par.

Wells Fargo Securities, LLC is are the agent.

Issuer:Royal Bank of Canada
Issue:Market-linked securities – upside participation to a cap and principal return at maturity
Underlying index:Nasdaq-100 index
Amount:$3,778,000
Maturity:Nov. 2, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus any gain in index, capped at par plus 27%; otherwise, par
Initial level:13,160.03
Pricing date:April 27
Settlement date:May 2
Agent:Wells Fargo Securities LLC
Fees:3.325%
Cusip:78016HWJ5

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