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Published on 2/12/2024 in the Prospect News Structured Products Daily.

New Issue: RBC prices $6.28 million 17% buffered notes linked to AMD, Roku, Tesla

By William Gullotti

Buffalo, N.Y., Feb. 12 – Royal Bank of Canada priced $6.28 million of 17% buffered notes due Jan. 23, 2026 linked to the stock performance of Advanced Micro Devices, Inc., Roku, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid monthly.

If each stock finishes at or above its 80% buffer level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 20%.

RBC Capital Markets, LLC is the selling agent.

Issuer:Royal Bank of Canada
Issue:Buffered notes
Underlying stocks:Tesla, Inc., Advanced Micro Devices, Inc., Roku, Inc.
Amount:$6,282,000
Maturity:Jan. 23, 2026
Coupon:17% per year, payable monthly
Price:Par
Payout at maturity:If each stock finishes at or above buffer level, par; otherwise, 1% loss for every 1% that worst performing stock declines beyond 20%
Initial levels:$174.23 for AMD, $87.07 for Roku, $212.19 for Tesla
Buffer levels:$139.38 for AMD, $69.66 for Roku, $169.75 for Tesla; 80% of initial levels
Strike date:Jan. 19
Pricing date:Jan. 22
Settlement date:Jan. 25
Selling agent:RBC Capital Markets, LLC
Fees:0.4%
Cusip:78017FDH3

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