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Published on 2/5/2024 in the Prospect News Structured Products Daily.

New Issue: RBC Finance sells $1.48 million enhanced return notes on MSCI EAFE, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – Royal Bank of Canada priced $1.48 million of 0% enhanced return notes due Jan. 29, 2029 linked to the least performing of the MSCI EAFE index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If both indexes gain, the payout at maturity will be par plus 3.16 times the index gain of the worst performer.

Otherwise, investors will lose 1% for every 1% that the lesser performing index declines from its initial level.

RBC Capital Markets, LLC is the underwriter.

Issuer:Royal Bank of Canada
Issue:Enhanced return notes
Underlying indexes:MSCI EAFE index and Euro Stoxx 50 index
Amount:$1.48 million
Maturity:Jan. 29, 2029
Coupon:0%
Price:Par
Payout at maturity:Par plus 3.16 times any index gain of lesser performing index; full exposure to loss
Initial levels:2,217.34 for Stoxx, 4,564.11 for MSCI EAFE
Pricing date:Jan. 24
Settlement date:Jan. 29
Selling agent:RBC Capital Markets, LLC
Fees:0.06%
Cusip:78017FDQ3

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