Royal Bank of Canada Files Form FWP
Preliminary Terms Supplement for Barrier Enhanced Return Notes Linked to the S&P 500® Index
Royal Bank of Canada is offering the Barrier Enhanced Return Notes (the “Notes”) linked to the performance of the S&P 500® Index (the “Reference Asset”). These notes are designed to provide investors with a return based on the performance of the Reference Asset, with the potential for higher returns than other traditional investments. However, investing in the Notes involves several risks, and investors need to understand these risks before investing.
Key Features of the Notes
The Notes provide a return based on at least 125.00% of the Percentage Change (to be determined on the Trade Date) if the level of the Reference Asset increases from the Initial Level to the Final Level. Suppose the Final Level is less than or equal to the Initial Level but is greater than or equal to the Barrier Level of 70% of the Initial Level. In that case, investors will receive the principal amount at maturity. If the Final Level is less than the Barrier Level, investors will lose 1% of the principal amount for each 1% decrease from the Initial to the Final Level. Any payments on the Notes are subject to the credit risk of the Royal Bank of Canada, and the Notes do not pay interest.
Risks of Investing in the Notes
Investing in the Notes involves several risks. These include the risk that the Final Level of the Reference Asset may be lower than the Initial Level, resulting in investors losing a portion of their principal amount. In addition, the Notes are not listed on any securities exchange, and there is no guarantee that investors will be able to sell their Notes before maturity. Investors should also know that the Notes are not deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or any other Canadian or U.S. government agency or instrumentality.
- The Issue Date of the Notes is March 7, 2023.
- The Maturity Date of the Notes is March 7, 2028.
- The CUSIP of the Notes is 78016HTB6.
- The Price to the Public of the Notes is 100.00%, with proceeds to the Royal Bank of Canada of 99.90%.
- We or one of our affiliates may pay varying selling concessions of up to $1.00 per $1,000 in principal amount of the Notes in connection with distributing the Notes to other registered broker-dealers.
The Barrier Enhanced Return Notes offered by the Royal Bank of Canada are an investment product linked to the performance of the S&P 500® Index. The Notes provide a return based on the performance of the Reference Asset, but they also involve several risks that investors should understand before investing. The Notes are not deposits insured by any government agency and are not listed on any securities exchange.
The Barrier Enhanced Return Notes offered by the Royal Bank of Canada are an investment product that can provide investors with a return based on the performance of the S&P 500® Index. However, investors need to understand the risks of investing in the Notes before investing. The Notes are not deposits insured by any government agency and are not listed on any securities exchange.