# EDGAR Filing Document

**Accession Number:** 0001000275
**File Stem:** 0001140361-23-009806
**Filing Date:** 2023-3
**Character Count:** 8349
**Document Hash:** 5a2096be0855d3072dfa3f019ea62777
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-009806.hdr.sgml**: 20230302

**ACCESSION NUMBER**: 0001140361-23-009806

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**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:** 23700372

**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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**Filed Pursuant to Rule 433<br> Registration Statement 333-259205**

LEVERAGED INDEX RETURN NOTES<sup>®</sup> (LIRNs<sup>®</sup>)<br>

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| | |
|:---|:---|
| LIRNs<sup>®</sup> Linked to an International Equity Basket | LIRNs<sup>®</sup> Linked to an International Equity Basket |
| **Issuer** | Royal Bank of Canada ("RBC") |
| **Principal Amount** | $10.00 per unit |
| **Term** | Approximately five years |
| **Market Measure** | An international equity index basket comprised of the EURO STOXX 50<sup>®</sup> Index (Bloomberg symbol: "SX5E"), the FTSE<sup>®</sup> 100 Index (Bloomberg symbol: "UKX"), the Nikkei Stock Average (Bloomberg symbol: "NKY"), the Swiss Market Index (Bloomberg symbol: "SMI"), the S&P/ASX 200 Index (Bloomberg symbol: "AS51") and the iShares<sup>®</sup> MSCI Brazil ETF (Bloomberg symbol: "EWZ"). The EURO STOXX 50<sup>®</sup> Index will be given an initial weight of 35.00%, each of the FTSE<sup>®</sup> 100 Index and the Nikkei Stock Average will be given an initial weight of 20.00%, the Swiss Market Index will be given an initial weight of 12.50%, the S&P/ASX 200 Index will be given an initial weight of 7.50%, and the iShares<sup>®</sup> MSCI Brazil ETF will be given an initial weight of 5.00%. |
| **Payout Profile at**<br> **Maturity** | • [170.00% to 180.00%] upside exposure to increases in the Market Measure,<br> • 1-to-1 downside exposure to decreases in the Market Measure beyond a 15.00% decline, with up to 85.00% of your principal at risk |
| **Participation rate** | [170.00% to 180.00%] The actual Participation Rate will be determined on the pricing date. |
| **Threshold Value** | 85.00% of the Starting Value of the Market Measure |
| **Investment**<br> **Considerations** | This investment is designed for investors who anticipate that the Market Measure will increase over the term of the notes, and are willing to take downside risk below a threshold and forgo interim interest payments. |
| **Preliminary**<br> **Offering**<br> **Documents** | [https://www.sec.gov/Archives/edgar/data/1000275/000114036123009794/brhc10049209_fwp.htm](https://www.sec.gov/Archives/edgar/data/1000275/000114036123009794/brhc10049209_fwp.htm) |
| **Exchange Listing** | No |

---

***You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.***

#### Risk Factors
Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:

<br> • Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.

<br> • Payments on the notes, including repayment of principal, are subject to the credit risk of RBC. If RBC becomes insolvent or is unable to pay its obligations, you may lose your entire investment.

<br> • Changes in the value of one Basket Component may be offset by changes in the values of the other Basket Components.

<br> • The initial estimated value of the notes on the pricing date will be less than their public offering price.

<br> • If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.

<br> • You will have no rights of a holder of the securities represented by the Basket Components, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities.

<br> • RBC, MLPF&S, BofAS and their respective affiliates do not control any company included in the Basket Components or shares of the EWZ, and have not verified any disclosure made by any other company.

• Your return on the notes may be affected by factors affecting the international securities markets, specifically changes in the countries represented by the Basket Components. In addition, you will not obtain the benefit of any increase in the value of the currencies in which the securities included in the Basket Components trade against the U.S. dollar, which you would have received if you had owned the securities in the Basket Components during the term of your notes, although the value of the Basket Components may be adversely affected by general exchange rate movements in the market.

*Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.*

![](image00004.jpg)

*The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*

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| | | |
|:---|:---|:---|
| **Hypothetical**<br> **Percentage Change**<br> **from the Starting Value**<br> **to the Ending Value** | **Hypothetical**<br> **Redemption Amount**<br> **per Unit** | **Hypothetical Total Rate of**<br> **Return on the Notes** |
| -100.00% | $1.50 | -85.00% |
| -50.00% | $6.50 | -35.00% |
| -20.00% | $9.50 | -5.00% |
| &nbsp;&nbsp;&nbsp;&nbsp; -15.00%<sup>(1)</sup> | $10.00 | 0.00% |
| -5.00% | $10.00 | 0.00% |
| -3.00% | $10.00 | 0.00% |
| 0.00% | $10.00 | 0.00% |
| 2.00% | $10.35 | 3.50% |
| 5.00% | $10.875 | 8.75% |
| 10.00% | $11.75 | 17.50% |
| 20.00% | $13.50 | 35.00% |
| 30.00% | $15.25 | 52.50% |
| 40.00% | $17.00 | 70.00% |
| 50.00% | $18.75 | 87.50% |
| 60.00% | $20.50 | 105.00% |

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&nbsp;&nbsp;&nbsp;&nbsp;(1) This hypothetical percentage change corresponds to the Threshold Value.

**RBC has filed a registration statement (including a product supplement, a prospectus supplement, and a 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 without cost by visiting EDGAR on the SEC website at <u>www.sec.gov</u>. Alternatively, RBC, any agent, or any dealer participating in this offering will arrange to send you these documents if you so request by calling MLPF&S toll-free at 1-800-294-1322.**

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