Filed pursuant to Rule 433
Registration No. 333-227001
ROYAL BANK OF CANADA
MEDIUM-TERM NOTES, SERIES H
$600,000,000
SENIOR FLOATING RATE NOTES, DUE JANUARY 25, 2021
FINAL TERM SHEET
DATED JANUARY 22, 2019
Terms and Conditions
| Issuer: | Royal Bank of Canada |
| Title of the Series: | Senior Floating Rate Notes, due January 25, 2021 (the “Notes”) |
| Expected Ratings1: | A2 / A / AA (Stable / Stable / Stable) |
| Principal Amount: | $600,000,000 |
| Issue Price: | 100.000% |
| Trade Date: | January 22, 2019 |
| Settlement Date (T+3) 2: | January 25, 2019 |
| Maturity Date: | January 25, 2021 |
| Minimum Denomination: | $2,000 and multiples of $1,000 |
| Interest Rate: | 3-month USD LIBOR plus 40 bps payable and reset quarterly |
| Fees: | 0.050% |
| Interest Payment Dates: | Quarterly on the 25th of each January, April, July, and October, beginning April 25, 2019 |
| Payment Convention: | Modified following business day convention, adjusted |
| Business Days: | London, New York, Toronto |
| Day Count Fraction: | Actual / 360 |
| Listing: | None |
1 A credit rating is not a recommendation to buy, sell or hold securities, and it may be subject to revision or withdrawal at any time by the assigning rating organization.
2 Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle no later than two business days after the trade date, unless the parties to such trade expressly agree otherwise at the time of the trade. Accordingly, purchasers who wish to trade on any date more than two business days prior to delivery of the Notes will be required, by virtue of the fact that the Notes initially will settle in three business days (T+3), to specify alternative settlement arrangements to prevent a failed settlement.
| Optional Redemption: | None |
| Canadian Bail-in Powers Acknowledgment: |
The Notes are subject to bail-in conversion under the Canadian bail-in regime. |
| CUSIP / ISIN: | 78013XX29 / US78013XX293 |
| Lead Manager and Sole Book Runner: |
RBC Capital Markets, LLC |
| Co-Managers: |
Academy Securities, Inc. Samuel A. Ramirez & Company, Inc. |
Royal Bank of Canada (the “Issuer”) has filed a registration statement (including a prospectus supplement and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read those documents and the other documents that the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the lead manager will arrange to send you the final pricing supplement, the prospectus supplement, and the prospectus if you request them by contacting RBC Capital Markets, LLC toll free at 1-866-375-6829.