Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
26 Décembre 2024 - 9:31PM
Edgar (US Regulatory)
 |
Registration Statement No. 333-275898
Filed pursuant to Rule 433 |
PLUS Based on the Performance of a Basket of Eight Equity
Securities due April 2, 2026
Performance Leveraged Upside Securities℠
Principal at Risk Securities
This document provides a summary of the terms of the PLUS. Investors
should carefully review the accompanying preliminary pricing supplement, product supplement, prospectus supplement and prospectus, and
“Selected Risk Considerations” below, before making a decision to invest in the PLUS.
| SUMMARY TERMS |
|
| Issuer: |
Royal Bank of Canada |
| Basket underliers: |
ASML Holding NV ordinary shares (Bloomberg symbol: “ASML UW”), Berkshire Hathaway Inc. Class B common stock (Bloomberg symbol: “BRK/B UN”), Citigroup Inc. common stock (Bloomberg symbol: “C UN”), Everest Group, Ltd. common shares (Bloomberg symbol: “EG UN”), Alphabet Inc. Class C capital stock (Bloomberg symbol: “GOOG UW”), Moderna, Inc. common stock (Bloomberg symbol: “MRNA UW”), Schlumberger N.V. (Schlumberger Limited) common stock (Bloomberg symbol: “SLB UN”) and Uber Technologies, Inc. common stock (Bloomberg symbol: “UBER UN”) |
| Basket weighting: |
With respect to each basket underlier: 12.50% |
| Stated principal amount: |
$1,000 per PLUS |
| Pricing date: |
December 30, 2024 |
| Original issue date: |
January 3, 2025 |
| Valuation date: |
March 30, 2026 |
| Maturity date: |
April 2, 2026 |
| Payment at maturity: |
You will receive on the maturity date a cash payment per PLUS determined
as follows:
·
If the final basket value is greater than the initial
basket value:
the lesser of (a) $1,000 + ($1,000 × leverage
factor × basket return) and (b) maximum payment at maturity
·
If the final basket value is less than or equal to the
initial basket value:
$1,000 + ($1,000 × basket return)
Under these circumstances, the payment at maturity will be less than
or equal to the stated principal amount. You will lose some or all of the principal amount if the final basket value is less than the
initial basket value. |
| Maximum payment at maturity: |
$1,231.00 per PLUS (123.10% of the stated principal amount) |
| Leverage factor: |
300% |
| Basket return: |
(final basket value – initial basket value) / initial basket value |
| Initial basket value: |
Set equal to 100 on the pricing date |
| Final basket value: |
100 × [1 + (sum of, for each basket underlier, its basket underlier return times its basket weighting)] |
| Basket underlier return: |
With respect to each basket underlier, (final basket underlier value – initial basket underlier value) / initial basket underlier value |
| Initial basket underlier value: |
With respect to each basket underlier, the closing value of that basket underlier on the pricing date |
| Final basket underlier value: |
With respect to each basket underlier, the closing value of that basket underlier on the valuation date |
| CUSIP / ISIN: |
78017KGW6 / US78017KGW62 |
| Preliminary pricing supplement: |
https://www.sec.gov/Archives/edgar/data/1000275/000095010324018300/
dp222668_424b2-mseln616bskt.htm |
The initial estimated value of the PLUS determined by us as of the pricing
date, which we refer to as the initial estimated value, is expected to be between $895.37 and $945.37 per PLUS and will be less than the
public offering price of the PLUS. We describe the determination of the initial estimated value in more detail in the accompanying preliminary
pricing supplement.
n
The PLUS n The
Basket
| HYPOTHETICAL PAYOUT AT MATURITY* |
| Basket Return |
Payment at Maturity |
| 50.00% |
$1,231.00 |
| 40.00% |
$1,231.00 |
| 30.00% |
$1,231.00 |
| 20.00% |
$1,231.00 |
| 10.00% |
$1,231.00 |
| 7.70% |
$1,231.00 |
| 5.00% |
$1,150.00 |
| 2.00% |
$1,060.00 |
| 1.00% |
$1,030.00 |
| 0.00% |
$1,000.00 |
| -10.00% |
$900.00 |
| -20.00% |
$800.00 |
| -30.00% |
$700.00 |
| -40.00% |
$600.00 |
| -50.00% |
$500.00 |
| -60.00% |
$400.00 |
| -70.00% |
$300.00 |
| -80.00% |
$200.00 |
| -90.00% |
$100.00 |
| -100.00% |
$0.00 |
* All payments are subject to our credit risk
Basket Underliers
For more information about the basket underliers, including
historical performance information, see the accompanying preliminary pricing supplement.
Selected Risk Considerations
An investment in the PLUS involves significant risks. We urge
you to consult your investment, legal, tax, accounting and other advisers before you invest in the PLUS. Some of the risks that apply
to an investment in the PLUS are summarized below, but we urge you to read also the “Risk Factors” sections of the accompanying
prospectus, prospectus supplement, product supplement and preliminary pricing supplement. You should not purchase the PLUS unless you
understand and can bear the risks of investing in the PLUS.
Risks Relating to the Terms and Structure of the
PLUS
| § | The PLUS do not pay interest or guarantee return of principal.
|
| § | The appreciation potential of the PLUS is limited by the
maximum payment at maturity. |
| § | Your return on the PLUS may be lower than the return on a
conventional debt security of comparable maturity. |
| § | Payments on the PLUS are subject to our credit risk, and
market perceptions about our creditworthiness may adversely affect the market value of the PLUS. |
| § | Changes in the value of one basket underlier may be offset
by changes in the values of the other basket underliers. |
| § | Any payment on the PLUS will be determined based on the closing
values of the basket underliers on the dates specified. |
| § | The U.S. federal income tax consequences of an investment
in the PLUS are uncertain. |
Risks Relating to the Initial Estimated Value of
the PLUS and the Secondary Market for the PLUS
| § | There may not be an active trading market for the PLUS; sales
in the secondary market may result in significant losses. |
| § | The initial estimated value of the PLUS will be less than
the public offering price. |
| § | The initial estimated value of the PLUS is only an estimate,
calculated as of the pricing date. |
Risks Relating to Conflicts of Interest and Our Trading
Activities
| § | Hedging and trading activity by us and our affiliates could
potentially adversely affect the value of the PLUS. |
| § | Our and our affiliates’ business and trading activities
may create conflicts of interest. |
| § | RBCCM’s role as calculation agent may create conflicts
of interest. |
Risks Relating to the Basket Underliers
| § | You will not have any rights to any basket underlier. |
| § | The PLUS are subject to risks relating to non-U.S. securities
with respect to the ASML underlier, the EG underlier and the SLB underlier. |
| § | We may accelerate the PLUS if a change-in-law event occurs. |
| § | Any payment on the PLUS may be postponed and adversely affected
by the occurrence of a market disruption event. |
| § | Anti-dilution protection is limited, and the calculation
agent has discretion to make anti-dilution adjustments. |
| § | Reorganization or other events could adversely affect the
value of the PLUS or result in the PLUS being accelerated. |
| § | Governmental regulatory actions, such as sanctions, could
adversely affect your investment in the PLUS. |
Tax Considerations
You should review carefully the discussion in the accompanying
preliminary pricing supplement under the caption “United States Federal Income Tax Considerations” concerning the U.S. federal
income tax consequences of an investment in the PLUS, and you should consult your tax adviser.
Royal Bank of Canada has filed a registration statement (including
a product supplement, prospectus supplement and prospectus) with the SEC for the offering to which this document relates. Before you invest,
you should read those documents and the other documents that we have filed with the SEC for more complete information about us and this
offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, we, any agent or any
dealer participating in this offering will arrange to send you those documents if you so request by calling toll-free at 1-877-688-2301.
As used in this document, “Royal Bank of Canada,”
“we,” “our” and “us” mean only Royal Bank of Canada. Capitalized terms used in this document without
definition are as defined in the accompanying preliminary pricing supplement.
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