New Issue: RBC prices $87,000 autocallable contingent coupon buffer notes tied to Nasdaq

Chicago, Oct. 3 – Royal Bank of Canada priced $87,000 of autocallable contingent coupon buffer notes due April 1, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at a rate of 8.5% per year if the index closes above its 85% coupon barrier on the related observation date.

The notes will be called early at par starting after six months if the index closes above its initial level on any quarterly observation date starting after six months.

At maturity, investors will receive par if the index closes above its 85% buffer level.

Otherwise, investors will lose 1% for each 1% decline beyond the 15% buffer.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Autocallable contingent coupon buffer notes
Underlying index:	Nasdaq-100 index
Amount:	$87,000
Maturity:	April 1, 2025
Coupon:	8.5% per year, payable monthly if index closes above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par if index closes above buffer level; otherwise, 1% loss for each 1% decline beyond 15% buffer
Call:	Automatically at par if index closes above initial level on any quarterly observation date starting after six months
Initial index level:	11,271.75
Coupon barrier level:	9,580.99, 85% of initial level
Buffer level:	9,580.99, 85% of initial level
Pricing date:	Sept. 27, 2022
Settlement date:	Sept. 30, 2022
Underwriter:	RBC Capital Markets, LLC
Fees:	2.4%
Cusip:	78016FT53

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