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Published on 1/29/2024 in the Prospect News Structured Products Daily.

New Issue: RBC prices $2.02 million digital notes with barrier linked to three stocks

Chicago, Jan. 29 – Royal Bank of Canada priced $2.02 million of 0% digital notes with barrier due July 23, 2026 tied to the lesser performing of CrowdStrike Holdings, Inc., Devon Energy Corp. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above downside threshold, 55% of initial level, the payout at maturity will be par plus the 55% digital payment.

Otherwise, investors will lose 1% for every 1% that the worst performer’s final level is less than its initial level.

RBC Capital Markets, LLC is the agent.

Issuer:Royal Bank of Canada
Issue:Digital notes with barrier
Underlying stocks:CrowdStrike Holdings, Inc., Devon Energy Corp. and Charles Schwab Corp.
Amount:$2,020,000
Maturity:July 23, 2026
Coupon:0%
Price:Par
Payout at maturity:If the worst performing stock finishes at or above downside threshold, par plus 55% digital payment; otherwise, full exposure to decline of worst performer
Initial levels:$290.54 for CrowdStrike, $40.97 for Devon, $63.78 for Schwab
Digital barriers:$159.80 for CrowdStrike, $22.53 for Devon, $35.08 for Schwab; 55% of initial levels
Pricing date:Jan. 19
Settlement date:Jan. 24
Agent:RBC Capital Markets, LLC
Fees:1%
Cusip:78017FA45

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