# EDGAR Filing Document

**Accession Number:** 0001000275
**File Stem:** 0001140361-23-009731
**Filing Date:** 2023-3
**Character Count:** 12571
**Document Hash:** 92e9ee2f337e280b8243ba603e2bfbf5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-009731.hdr.sgml**: 20230302

**ACCESSION NUMBER**: 0001140361-23-009731

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230302

**DATE AS OF CHANGE**: 20230302

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYAL BANK OF CANADA
- **CENTRAL INDEX KEY:** 0001000275
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 135357855
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-259205
- **FILM NUMBER:** 23698610

**BUSINESS ADDRESS:**
- **STREET 1:** ROYAL BANK PLAZA
- **STREET 2:** 200 BAY STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J2J5
- **BUSINESS PHONE:** 212-437-9267

**MAIL ADDRESS:**
- **STREET 1:** ROYAL BANK PLAZA
- **STREET 2:** 200 BAY STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J2J5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYAL BANK OF CANADA \
- **DATE OF NAME CHANGE:** 19950908
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYAL BANK OF CANADA
- **CENTRAL INDEX KEY:** 0001000275
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 135357855
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** ROYAL BANK PLAZA
- **STREET 2:** 200 BAY STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J2J5
- **BUSINESS PHONE:** 212-437-9267

**MAIL ADDRESS:**
- **STREET 1:** ROYAL BANK PLAZA
- **STREET 2:** 200 BAY STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J2J5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYAL BANK OF CANADA \
- **DATE OF NAME CHANGE:** 19950908

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| | |
|:---|:---|
| **Royal Bank of Canada**<br> **Market Linked Securities**<br>| Registration Statement No. 333-259205<br> Filed Pursuant to Rule 433<br>![](image00003.jpg) |

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Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside<br> Principal at Risk Securities Linked to the Lowest Performing of the S&P 500<sup>®</sup> Index, the Russell 2000<sup>®</sup> Index <br> and the NASDAQ-100 Index<sup>®</sup> due September 29, 2025<br> Term Sheet to Preliminary Pricing Supplement No. WFC202 dated March 2, 2023<br>

Summary of Terms

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| | |
|:---|:---|
| Issuer: | Royal Bank of Canada |
| Market Measures: | S&P 500<sup>®</sup> Index, Russell 2000<sup>®</sup> Index and NASDAQ-100 Index<sup>®</sup> (each an "<u>Index</u>" and collectively the "<u>Indices</u>") |
| Pricing Date\*: | March 31, 2023 |
| Issue Date\*: | April 5, 2023 |
| Face Amount and<br> Original Offering<br> Price: | $1,000 per security |
| Contingent Coupon<br> Payments: | On each contingent coupon payment date, you will receive a contingent coupon payment at a per annum rate equal to the contingent coupon rate if, **and only if**, the closing level of the lowest performing Index on the related calculation day is greater than or equal to its coupon threshold level. Each "<u>contingent coupon payment</u>," if any, will be calculated per security as follows: ($1,000 × contingent coupon rate)/4. |
| Contingent Coupon<br> Payment Dates: | Quarterly, on the third business day following each calculation day; provided that the contingent coupon payment date with respect to the final calculation day will be the stated maturity date. |
| Contingent Coupon<br> Rate: | At least 9.50% per annum, to be determined on the pricing date |
| Automatic Call: | If the closing level of the lowest performing Index on any of the calculation days from September 2023 to June 2025, inclusive, is greater than or equal to its starting level, the securities will be automatically called, and on the related call settlement date you will be entitled to receive a cash payment per security equal to the face amount plus a final contingent coupon payment. |
| Calculation Days\*: | Quarterly, on the 24<sup>th</sup> day of each March, June, September and December, commencing June 2023 and ending June 2025, and on September 24, 2025 (the "<u>final calculation day</u>") |
| Call Settlement Date: | Three business days after the applicable calculation day. |
| Maturity Payment<br> Amount (per security): | &nbsp;&nbsp;&nbsp;&nbsp; • if the ending level of the lowest performing Index on the final calculation day is greater than or equal to its downside threshold level: $1,000; or<br> • if the ending level of the lowest performing Index on the final calculation day is less than its downside threshold level:<br> $1,000 × performance factor of the lowest performing Index |
| Stated Maturity Date\*: | September 29, 2025 |
| Starting Level: | For each Index, its closing level on the pricing date |
| Ending Level: | For each Index, its closing level on the final calculation day |
| Coupon Threshold<br> Level: | For each Index, 75% of its starting level |
| Downside Threshold<br> Level: | For each Index, 65% of its starting level |

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\*subject to change

Summary of Terms (continued)

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| | |
|:---|:---|
| Calculation Agent: | RBC Capital Markets, LLC ("RBCCM"), an affiliate of the issuer |
| Denominations: | $1,000 and any integral multiple of $1,000 |
| Agent Discount\*\*: | Up to 2.575%; dealers, including those using the trade name Wells Fargo Advisors ("<u>WFA</u>"), may receive a selling concession of up to 1.75% and WFS may pay 0.075% of the agent's discount to WFA as a distribution expense fee |
| CUSIP: | 78016HTH3 |
| Material Tax <br> Consequences: | See the preliminary pricing supplement. |

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\*\* In addition, selected dealers may receive a fee of up to 0.10% for marketing and other services.

Hypothetical Payout Profile (maturity

payment amount)

![](image00004.jpg)

**If the securities are not automatically called prior to stated maturity and the ending level of the lowest performing Index on the final calculation day is less than its downside threshold level, you will lose more than 35%, and possibly all, of the face amount of your securities at stated maturity.**

**Any return on the securities will be limited to the sum of your contingent coupon payments, if any. You will not participate in any appreciation of any Index, but you will have full downside exposure to the lowest performing Index on the final calculation day if the ending level of that Index is less than the downside threshold level.**

The issuer's initial estimated value of the securities as of the pricing date is expected to be between $910 and $960 per $1,000 in principal amount, which is less than the public offering price. The final pricing supplement relating to the securities will set forth the issuer's estimate of the initial value of the securities as of the pricing date. The market value of the securities at any time will reflect many factors, cannot be predicted with accuracy, and may be less than this amount. See "Estimated Value of the Securities" in the accompanying preliminary pricing supplement for further information.

Preliminary Pricing Supplement: [https://www.sec.gov/Archives/edgar/data/1000275/000114036123009699/brhc10048941_fwp.htm](https://www.sec.gov/Archives/edgar/data/1000275/000114036123009699/brhc10048941_fwp.htm)

**The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See "Selected Risk Considerations" in this term sheet and the accompanying preliminary pricing supplement and "Risk Factors" in the accompanying product supplement.** **This introductory term sheet does not provide all of the information that an investor should consider prior to making an investment decision.**<br> **Investors should carefully review the accompanying preliminary pricing supplement, product supplement, prospectus supplement and prospectus before making a decision to invest in the securities.**<br> **NOT A BANK DEPOSIT AND NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENTAL AGENCY**<br>

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Selected Risk Considerations

The risks set forth below are discussed in detail in the "Selected Risk Considerations" section in the accompanying preliminary pricing supplement and the "Risk Factors" section in the accompanying product supplement. Please review those risk disclosures carefully.

<u>Risks Relating To The Terms And Structure Of The Securities</u>

&nbsp;&nbsp;&nbsp;&nbsp;• If The Securities Are Not Automatically Called Prior To Stated Maturity, You May Lose Some Or All Of The Face Amount Of Your Securities At Stated Maturity.

&nbsp;&nbsp;&nbsp;&nbsp;• The Securities Do Not Provide For Fixed Payments Of Interest And You May Receive No Coupon Payments On One Or More Contingent Coupon Payment Dates, Or Even Throughout The Entire Term Of The Securities.

&nbsp;&nbsp;&nbsp;&nbsp;• The Securities Are Subject To The Full Risks Of Each Index And Will Be Negatively Affected If Any Index Performs Poorly, Even If The Other Indices Perform Favorably.

&nbsp;&nbsp;&nbsp;&nbsp;• Your Return On The Securities Will Depend Solely On The Performance Of The Index That Is The Lowest Performing Index On Each Calculation Day, And You Will Not Benefit In Any Way From The Performance Of The Better Performing
 Indices.

&nbsp;&nbsp;&nbsp;&nbsp;• You Will Be Subject To Risks Resulting From The Relationship Among The Indices.

&nbsp;&nbsp;&nbsp;&nbsp;• You May Be Fully Exposed To The Decline In The Lowest Performing Index On The Final Calculation Day From Its Starting Level, But Will Not Participate In Any Positive Performance Of Any Index.

&nbsp;&nbsp;&nbsp;&nbsp;• Higher Contingent Coupon Rates Are Associated With Greater Risk.

&nbsp;&nbsp;&nbsp;&nbsp;• You Will Be Subject To Reinvestment Risk.

&nbsp;&nbsp;&nbsp;&nbsp;• A Contingent Coupon Payment Date, A Call Settlement Date And The Stated Maturity Date May Be Postponed If A Calculation Day Is Postponed.

&nbsp;&nbsp;&nbsp;&nbsp;• The Securities Are Subject To Credit Risk.

&nbsp;&nbsp;&nbsp;&nbsp;• Significant Aspects Of The Tax Treatment Of The Securities Are Uncertain.

<u>Risks Relating To The Estimated Value Of The Securities And Any Secondary Market</u>

&nbsp;&nbsp;&nbsp;&nbsp;• Our Initial Estimated Value Of The Securities Will Be Less Than The Original Offering Price.

&nbsp;&nbsp;&nbsp;&nbsp;• The Initial Estimated Value Of The Securities Is An Estimate Only, Calculated As Of The Time The Terms Of The Securities Are Set.

&nbsp;&nbsp;&nbsp;&nbsp;• The Value Of The Securities Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.

&nbsp;&nbsp;&nbsp;&nbsp;• The Securities Will Not Be Listed On Any Securities Exchange And We Do Not Expect A Trading Market For The Securities To Develop.

<u>Risks Relating To The Indices</u>

&nbsp;&nbsp;&nbsp;&nbsp;• An Investment In The Securities Is Subject To Risks Associated With Investing In Stocks With A Small Market Capitalization.

&nbsp;&nbsp;&nbsp;&nbsp;• An Investment In The Securities Is Subject To Risks Associated With Foreign Securities Markets.

&nbsp;&nbsp;&nbsp;&nbsp;• Any Payments on the Securities And Whether The Securities Are Automatically Called Will Depend Upon The Performance Of The Indices And Therefore The Securities Are Subject To The Following Risks, Each As Discussed In More Detail In
 The Accompanying Product Supplement.

<u>Risks Relating To Conflicts Of Interest</u>

&nbsp;&nbsp;&nbsp;&nbsp;• Our Economic Interests And Those Of Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling your financial advisor or by calling Royal Bank of Canada toll-free at 1-877-688-2301.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

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