Overview
- The notes will redeem automatically (Autocall Redemption Event) if the performance of the underlying is > or = to 105% of the Initial Level on the relevant Valuation Date
- First callable observation date: March 5, 2025, monthly observation dates will follow thereafter
- Potential 0.8375% (10.05% per annum) payable based on the underlying performance
- Coupon Barrier Level is 75% of Initial value of the underlying performance
- First interest observation date is July 5, 2024, monthly observation dates will follow thereafter
- If the underlying performance is > or = 75%, client receives principal
- If the underlying performance is < 75%, client receives the underlying performance
- In addition to above, an Interest Payment will be paid if the underlying performance is > or = the Coupon Barrier Level on the Final Valuation Date
Summary Details
| Initial Price | $100.00 |
| Current Price as of 14-May-25 | $81.58 |
| Current ETC | 0.00 % |
| Current Price Less ETC | $81.58 |
| ETC End Date | 23-Dec-24 |
| Issue Date | 25-Jun-24 |
| Maturity Date | 25-Jun-31 |
| Term | 7 years |
| Denomination | CAD |
| FundSERV Code | RBC11219 |
| ADP Code | R052834 |
| CUSIP | |
| Product Type | Non-Principal Protected |
| Structure | Callable Yield |
Reference Information
| Secondary Market | Fundserv |
| Asset Class | Equity – Domestic |
| Principal Protection | Barrier |
| Protection Barrier | 75 % |
| Autocallable Level | 105 % |
| Coupon Barrier | 75 % |
| Coupon | 10.05 % |
| Downside Participation | 100 % |
| Observation Type | European |
Underlying
| SOLACTIVE CANADIAN NATURAL RESOURCES AR (SOCNQ400) |
| Solactive Cenovus Energy AR 0.56 Index (SOCVE056) |
| Solactive Suncor Energy AR 2.18 Index (SOSUN218) |
Early Trading Charge Schedule
| # of Days since Settlement: | 322 | |
| Current ETC | 0.00 % |
| Period | Date | ETC |
|---|---|---|
| 1 - 60 days | 24-Aug-24 | 3.50 % |
| 61 - 120 days | 23-Oct-24 | 2.25 % |
| 121 - 180 days | 22-Dec-24 | 1.00 % |
| Thereafter | 23-Dec-24 | 0% |
Historical Performance
Benchmarks
Historical Pricing
| Day Over Day Price Change | $-0.76 | |
| 52 Week High | $102.02 (04-Jul-24) | |
| 52 Week Low | $63.07 (08-Apr-25) | |
Performance of Underlying Markets
| Portfolio | Ticker | Initial Level as of 05-Jun-24 |
Current Level as of 14-May-25 |
Component Weight |
Protection Barrier |
Protection Barrier Level |
Coupon Barrier |
Coupon Barrier Level |
Autocall Redemption Level |
Percentage Change |
Weighted Component Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOLACTIVE CANADIAN NATURAL RESOURCES AR | SOCNQ400 | 97.8000 |
88.3600 |
33.33% |
75.00% |
73.35 |
75.00% |
73.35 |
102.69 |
-9.65% |
-3.22% |
| Solactive Cenovus Energy AR 0.56 Index | SOCVE056 | 26.3000 |
19.5600 |
33.33% |
75.00% |
19.72 |
75.00% |
19.72 |
27.62 |
-25.63% |
-8.54% |
| Solactive Suncor Energy AR 2.18 Index | SOSUN218 | 52.1200 |
50.8900 |
33.33% |
75.00% |
39.09 |
75.00% |
39.09 |
54.73 |
-2.36% |
-0.79% |
| Current Performance of the portfolio | -12.55% |
||||||||||
| Current Performance of the Portfolio, with Barrier applied | 0% |
||||||||||
Call/Coupon Observations
| Observation Date | Payment Date | Coupon Barrier Level | Payment Amount (%) | Autocall Redemption Level |
|---|---|---|---|---|
| 05-Jul-24 | 10-Jul-24 | 75% | 0.8375 | |
| 06-Aug-24 | 09-Aug-24 | 75% | 0.8375 | |
| 05-Sep-24 | 10-Sep-24 | 75% | 0.8375 | |
| 07-Oct-24 | 10-Oct-24 | 75% | 0.8375 | |
| 05-Nov-24 | 08-Nov-24 | 75% | 0.8375 | |
| 05-Dec-24 | 10-Dec-24 | 75% | 0.8375 | |
| 06-Jan-25 | 09-Jan-25 | 75% | 0.8375 | |
| 05-Feb-25 | 10-Feb-25 | 75% | 0.8375 | |
| 05-Mar-25 | 10-Mar-25 | 75% | 0.8375 | 105% |
| 07-Apr-25 | 10-Apr-25 | 75% | 0.8375 | 105% |
| 05-May-25 | 08-May-25 | 75% | 0.8375 | 105% |
| 05-Jun-25 | 10-Jun-25 | 75% | - | 105% |
| 07-Jul-25 | 10-Jul-25 | 75% | - | 105% |
| 05-Aug-25 | 08-Aug-25 | 75% | - | 105% |
| 05-Sep-25 | 10-Sep-25 | 75% | - | 105% |
| 06-Oct-25 | 09-Oct-25 | 75% | - | 105% |
| 05-Nov-25 | 10-Nov-25 | 75% | - | 105% |
| 05-Dec-25 | 10-Dec-25 | 75% | - | 105% |
| 05-Jan-26 | 08-Jan-26 | 75% | - | 105% |
| 05-Feb-26 | 10-Feb-26 | 75% | - | 105% |
| 05-Mar-26 | 10-Mar-26 | 75% | - | 105% |
| 06-Apr-26 | 09-Apr-26 | 75% | - | 105% |
| 05-May-26 | 08-May-26 | 75% | - | 105% |
| 05-Jun-26 | 10-Jun-26 | 75% | - | 105% |
| 06-Jul-26 | 09-Jul-26 | 75% | - | 105% |
| 05-Aug-26 | 10-Aug-26 | 75% | - | 105% |
| 08-Sep-26 | 11-Sep-26 | 75% | - | 105% |
| 05-Oct-26 | 08-Oct-26 | 75% | - | 105% |
| 05-Nov-26 | 10-Nov-26 | 75% | - | 105% |
| 07-Dec-26 | 10-Dec-26 | 75% | - | 105% |
| 05-Jan-27 | 08-Jan-27 | 75% | - | 105% |
| 05-Feb-27 | 10-Feb-27 | 75% | - | 105% |
| 05-Mar-27 | 10-Mar-27 | 75% | - | 105% |
| 05-Apr-27 | 08-Apr-27 | 75% | - | 105% |
| 05-May-27 | 10-May-27 | 75% | - | 105% |
| 07-Jun-27 | 10-Jun-27 | 75% | - | 105% |
| 05-Jul-27 | 08-Jul-27 | 75% | - | 105% |
| 05-Aug-27 | 10-Aug-27 | 75% | - | 105% |
| 07-Sep-27 | 10-Sep-27 | 75% | - | 105% |
| 05-Oct-27 | 08-Oct-27 | 75% | - | 105% |
| 05-Nov-27 | 10-Nov-27 | 75% | - | 105% |
| 06-Dec-27 | 09-Dec-27 | 75% | - | 105% |
| 05-Jan-28 | 10-Jan-28 | 75% | - | 105% |
| 07-Feb-28 | 10-Feb-28 | 75% | - | 105% |
| 06-Mar-28 | 09-Mar-28 | 75% | - | 105% |
| 05-Apr-28 | 10-Apr-28 | 75% | - | 105% |
| 05-May-28 | 10-May-28 | 75% | - | 105% |
| 05-Jun-28 | 08-Jun-28 | 75% | - | 105% |
| 05-Jul-28 | 10-Jul-28 | 75% | - | 105% |
| 08-Aug-28 | 11-Aug-28 | 75% | - | 105% |
| 05-Sep-28 | 08-Sep-28 | 75% | - | 105% |
| 05-Oct-28 | 11-Oct-28 | 75% | - | 105% |
| 06-Nov-28 | 09-Nov-28 | 75% | - | 105% |
| 05-Dec-28 | 08-Dec-28 | 75% | - | 105% |
| 05-Jan-29 | 10-Jan-29 | 75% | - | 105% |
| 05-Feb-29 | 08-Feb-29 | 75% | - | 105% |
| 05-Mar-29 | 08-Mar-29 | 75% | - | 105% |
| 05-Apr-29 | 10-Apr-29 | 75% | - | 105% |
| 07-May-29 | 10-May-29 | 75% | - | 105% |
| 05-Jun-29 | 08-Jun-29 | 75% | - | 105% |
| 05-Jul-29 | 10-Jul-29 | 75% | - | 105% |
| 07-Aug-29 | 10-Aug-29 | 75% | - | 105% |
| 05-Sep-29 | 10-Sep-29 | 75% | - | 105% |
| 05-Oct-29 | 11-Oct-29 | 75% | - | 105% |
| 05-Nov-29 | 08-Nov-29 | 75% | - | 105% |
| 05-Dec-29 | 10-Dec-29 | 75% | - | 105% |
| 07-Jan-30 | 10-Jan-30 | 75% | - | 105% |
| 05-Feb-30 | 08-Feb-30 | 75% | - | 105% |
| 05-Mar-30 | 08-Mar-30 | 75% | - | 105% |
| 05-Apr-30 | 10-Apr-30 | 75% | - | 105% |
| 06-May-30 | 09-May-30 | 75% | - | 105% |
| 05-Jun-30 | 10-Jun-30 | 75% | - | 105% |
| 05-Jul-30 | 10-Jul-30 | 75% | - | 105% |
| 06-Aug-30 | 09-Aug-30 | 75% | - | 105% |
| 05-Sep-30 | 10-Sep-30 | 75% | - | 105% |
| 07-Oct-30 | 10-Oct-30 | 75% | - | 105% |
| 05-Nov-30 | 08-Nov-30 | 75% | - | 105% |
| 05-Dec-30 | 10-Dec-30 | 75% | - | 105% |
| 06-Jan-31 | 09-Jan-31 | 75% | - | 105% |
| 05-Feb-31 | 10-Feb-31 | 75% | - | 105% |
| 05-Mar-31 | 10-Mar-31 | 75% | - | 105% |
| 07-Apr-31 | 10-Apr-31 | 75% | - | 105% |
| 05-May-31 | 08-May-31 | 75% | - | 105% |
| 05-Jun-31 | 25-Jun-31 | 75% | - |
| Distribution Type | Interest |
| Total Distributions to Date | $9.21 |
| Total Note Return | $90.79 |
| Compound Annual Growth Rate | -10.34 % |
Disclaimer
The material on this website is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy Notes. An investment in principal at risk notes may not be suitable for all investors. Principal at risk notes are not principal protected and repayment of the principal amount invested is not guaranteed. Any return on principal at risk notes depends on the performance of the underlying assets. Investors should read the applicable Pricing Supplement for an issue of Notes carefully before investing and should discuss the suitability of an investment in the Notes with their investment advisor before making an investment decision. The offering and sale of Notes may be prohibited or restricted by laws in certain jurisdictions. Notes may only be purchased where they may be lawfully offered for sale and only through individuals qualified to sell them in such jurisdictions. Certain information contained herein was obtained from public sources and/or calculated data publicly available. Such information and any statistical data contained herein have been obtained from sources which RBC Dominion Securities Inc. (“RBC”) believes to be reliable, but neither RBC nor the Bank has independently verified the accuracy or completeness of any such information nor assumes any responsibility or liability of any nature whatsoever for the completeness, adequacy, or accuracy of such information. RBC, the Bank and its affiliates expressly disclaim any liability or responsibility to you or to any other person for any general, direct, indirect, incidental, special or consequential losses or damages (including, but not limited to, loss of profits or revenue or failure to realize expected profits or savings or the avoidance of any losses) arising out of or related to the material on this website or its use. Please refer as well to the additional Policies and Disclaimers available at: https://www.rbccm.com/en/policies-disclaimers.page.
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