Publication of Final Terms

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Regulatory Announcement

Publication of Final Terms

NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. EXCEPT TO QUALIFIED INSTITUTIONAL BUYERS (AS DEFINED IN RULE 144A OF THE SECURITIES ACT).

Royal Bank of Canada issued USD2,000,000,000 4.851% Covered Bonds due December 14, 2026, Series CB92 on December 14, 2023 under a Pricing Supplement dated December 6, 2023 (the "Covered Bonds") pursuant to the €75,000,000,000 Global Covered Bond Programme of Royal Bank of Canada, unconditionally and irrevocably guaranteed as to payments by RBC Covered Bond Guarantor Limited Partnership (the "Programme").  Final Terms dated January 4, 2024 have been released today to allow the listing of this issue as detailed below.

The following document constitutes the final terms dated January 4, 2024 (the "Final Terms") relating to the admission to trading of the Covered Bonds with effect from January 5, 2024 for purpose of Article 8 of Regulation (EU) 2017/1129 and as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (EUWA) and must be read in conjunction with the Prospectus dated July 27, 2023, as supplemented by the 1st Supplementary Prospectus dated August 25, 2023, the 2nd Supplementary Prospectus dated December 18, 2023 and the 3rd Supplementary Prospectus dated January 3, 2024 relating to the Programme (together, the "Prospectus").  Full information on Royal Bank of Canada and the offer of the Covered Bonds is only available on the basis of the combination of the Final Terms and the Prospectus.

The Final Terms have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus and the Final Terms may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus and the Final Terms is not addressed.  Prior to relying on the information contained in the Prospectus and the Final Terms you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

In particular, the Covered Bonds and the related Covered Bond Guarantee have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state of the United States.  Accordingly, the Covered Bonds may be resold only (i) in offshore transactions to non-U.S. persons in reliance upon Regulation S under the Securities Act or (ii) to qualified institutional buyers in reliance upon Rule 144A under the Securities Act. 

Your right to access this service is conditional upon complying with the above requirement.

UK MiFIR professionals / ECPs-only / No PRIIPs KID - Manufacturer target market (UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA and the United Kingdom.

To view the Final Terms in full, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/7053Y_1-2024-1-4.pdf

For further information, please contact
Joe Cumming
Assistant General Counsel
Royal Bank of Canada
Telephone Number:  (437) 779-7209
Fax Number:  (416) 955-2032
Email:  joe.cumming@rbc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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