Filed Pursuant to Rule 433
Registration Statement No. 333-259205

August 9, 2022

RBC Large Cap US Tactical Equity Total Return Index Performance Factsheet Index Objectives:The RBC Large Cap US Tactical Equity Total Return Index is designed to meet or exceed riskadjusted returns relative to the benchmark by optimizing asset allocation between Large‐Cap U.S. equities and cash. This dynamic asset allocation is implemented by observing bullish or bearish trends in Large‐Cap U.S. equities, on a monthly basis, to determine the exposure until the next monthly observation. Index Ticker Symbols: Bloomberg: RBCELTUT Index Thomson Reuters: .RBCELTUT Index Launch Date: February 18, 2019 Index Base Date: October 31, 2007 Asset Class: Equity Fixed Income (Cash) Allocations: E‐mini S&P 500 Futures contract Federal Funds Rate Last Allocation Date: Benchmark: S&P 500 Total Return Index Bloomberg: SPXT Index Thomson Reuters: .SPXT Liquidity: The Index tracks equity futures and cash. The tracked futures contract averages significantly in excess of $1bn in daily trading volume. Availability: Investors cannot invest directly in the Index. The Index can be used as an underlying for various investment vehicles to provide exposure to investors. Index DescriptionThe Index provides exposure to either Large‐Cap U.S. equities or cash (the Federal Funds rate). This allocation determination is based on monthly observations of a pre‐defined Tactical Trigger: the 200 daily moving average (200 DMA) of the SPDR S&P 500 ETF Trust (Bloomberg: SPY US Equity; the ETF). The Index obtains exposure to Large‐Cap U.S. equities by tracking the performance of the futures contract. On the specified monthly determination date, if the ETF is at or above its 200 DMA (a bullish trend), the Index will allocate to equity via the E‐mini S&P 500 futures contract plus the Federal Funds rate (to replicate the total return) or only to the Federal Funds rate if the ETF is below its relevant 200 DMA (a bearish trend). Performance1, 2 – Total Return (USD) Index (USD) 1M 3M YTD 1Y 3Y 5Y Base ’17 ’18 ’19 ’20 ’21 Index (I) 0.1 0.3 ‐5.7 2.6 6.2 8.3 8.6 21.1 6.7 16.7 ‐9.1 28.2 Benchmark (B) 9.2 0.4 ‐12.6 ‐4.6 13.4 12.8 9.1 21.8 ‐4.4 31.5 18.4 28.7 Variation (I) ‐ (B) ‐9.1 ‐0.1 6.8 7.3 ‐7.2 ‐4.5 ‐0.5 ‐0.7 11.1 ‐14.8 ‐27.5 ‐0.5 Index (USD) 1Y 5Y Base 1Y 5Y Base Best Worst (%) DUW5 1Y 5Y Index (I) 10.8 15.8 13.3 0.21 0.54 0.66 43.6 ‐19.8 ‐30.9 16 0.28 0.58 Benchmark (B) 20.4 20.9 20.9 ‐0.17 0.67 0.51 77.8 ‐47.5 ‐54.8 53 1.00 1.00 Variation (I) ‐ (B) ‐9.6 ‐5.2 ‐7.6 0.39 ‐0.14 0.15 ‐34.2 27.7 23.9 ‐36 ‐ ‐1 Daily data from October 31, 2007 to July 31, 2022. Index re‐based to 100 on October 31, 2007. Please see the final page for important information about the presentation of the performance information set forth in this document 2 Source: Solactive AG, Bloomberg, RBC Capital Markets 3 Based on daily returns, annualized with a 252‐day factor 4 Based on the average of daily excess returns against Fed Funds, annualized with a 252‐day factor 5 Duration Under Water: number of months taken by the Index and the Benchmark to increase back to their respective previous highest level after a market decline

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July 31, 2022 Allocation History1 (over last 12 months) Determination Date Allocation Date E‐mini S&P 500 Futures Cash Index Performance * Benchmark Performance * July 11, 2022 July 13, 2022 0% 100% TBD** TBD** June 13, 2022 June 15, 2022 0% 100% 0.1% 0.4% May 16, 2022 May 18, 2022 0% 100% 0.1% ‐3.3% April 11, 2022 April 13, 2022 0% 100% 0.0% ‐11.6% March 14, 2022 March 16, 2022 0% 100% 0.0% 2.1% February 14, 2022 February 16, 2022 0% 100% 0.0% ‐2.5% January 14, 2022 January 19, 2022 100% 0% ‐1.2% ‐1.2% December 13, 2021 December 15, 2021 100% 0% ‐3.7% ‐3.7% November 15, 2021 November 17, 2021 100% 0% 0.5% 0.6% October 11, 2021 October 13, 2021 100% 0% 7.6% 7.6% September 13, 2021 September 15, 2021 100% 0% ‐2.6% ‐2.5% August 16, 2021 August 18, 2021 100% 0% 2.0% 2.0% 1 Determination Date was two business days prior to Allocation Date * Performances between current and next Allocation Date; ** To be determined on the next Allocation Date (August 17, 2022) Allocation Snapshot (as of July 31, 2022) $150 $200 $250 $300 $350 $400 $450 $500 Jul 18 Jan 19 Jul 19 Jan 20 Jul 20 Jan 21 Jul 21 Jan 22 Jul 22 Current Allocation 100% Fixed Income (as of July 13, 2022) SPDR S&P 500 ETF Trust (SPY) 200 DMA  Monthly Returns (%, as of July 31, 2022) Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year 2022 ‐5.3% ‐0.8% 0.0% 0.0% 0.1% 0.1% 0.1% ‐5.7% 2021 ‐1.2% 2.8% 4.4% 5.2% 0.7% 2.3% 2.4% 3.0% ‐4.7% 7.0% ‐0.7% 4.4% 28.2% 2020 ‐0.1% ‐8.4% ‐18.1% 0.0% 0.0% ‐0.5% 5.6% 7.2% ‐3.9% ‐2.6% 11.0% 3.7% ‐9.1% 2019 0.2% 0.2% 0.8% 4.1% ‐6.5% 7.0% 1.5% ‐1.8% 1.9% 2.1% 3.7% 2.8% 16.7% 2018 5.7% ‐3.8% ‐2.7% 0.3% 2.4% 0.6% 3.7% 3.2% 0.6% ‐3.3% 0.2% 0.2% 6.7% 2017 1.8% 3.9% 0.1% 1.0% 1.4% 0.6% 2.0% 0.2% 2.0% 2.4% 3.0% 1.1% 21.1% 2016 0.0% 0.0% 1.7% 0.4% 1.8% 0.2% 3.8% 0.1% ‐0.1% ‐1.8% 3.7% 2.0% 12.4% Benchmark Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year 2022 ‐5.2% ‐3.0% 3.7% ‐8.7% 0.2% ‐8.3% 9.2% ‐12.6% 2021 ‐1.0% 2.8% 4.4% 5.3% 0.7% 2.3% 2.4% 3.0% ‐4.7% 7.0% ‐0.7% 4.5% 28.7% 2020 0.0% ‐8.2% ‐12.4% 12.8% 4.8% 2.0% 5.6% 7.2% ‐3.8% ‐2.7% 10.9% 3.8% 18.4% 2019 8.0% 3.2% 1.9% 4.0% ‐6.4% 7.0% 1.4% ‐1.6% 1.9% 2.2% 3.6% 3.0% 31.5% 2018 5.7% ‐3.7% ‐2.5% 0.4% 2.4% 0.6% 3.7% 3.3% 0.6% ‐6.8% 2.0% ‐9.0% ‐4.4% 2017 1.9% 4.0% 0.1% 1.0% 1.4% 0.6% 2.1% 0.3% 2.1% 2.3% 3.1% 1.1% 21.8% 2016 ‐5.0% ‐0.1% 6.8% 0.4% 1.8% 0.3% 3.7% 0.1% 0.0% ‐1.8% 3.7% 2.0% 12.0% Page 2 of 4

31, 2022 Summary of Index Methodology: RBC Large Cap US Tactical Equity Total Return Index Tactical Trigger – = Determined 2 Trading Days Before Allocation 200‐day Moving Average SPDR S&P 500 ETF Trust (SPY) Monthly Allocation – Is Tactical Trigger Bullish or Bearish? Bullish Tactical Trigger SPDR S&P 500 ETF Spot above the Tactical Trigger  E‐mini S&P 500 Future + Federal Funds Rate OR Federal Funds Rate Bearish Tactical Trigger SPDR S&P 500 ETF Spot below the Tactical Trigger

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