Royal Bank of Canada : Amendment to the terms and conditions

PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129. Consequently, save as provided above, no key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

PROHIBITION OF SALES TO UK RETAIL INVESTORS - The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the EUWA; (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or

1. not a qualified investor as defined in Article 2 of the UK Prospectus Regulation. Consequently, save as provided above, no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

Amended and Restated Pricing Supplement dated 5 December 2022 Amending and Restating

thePricing Supplement dated 22 November 2022

ROYAL BANK OF CANADA

(a Canadian chartered bank)

Legal entity identifier (LEI): ES7IP3U3RHIGC71XBU11

Issue of EUR 10,000,000 Floating Rate Notes due November 2023

under the Programme for the Issuance of Securities

PROHIBITION OF OFFER TO PRIVATE CLIENTS IN SWITZERLAND - Other than with respect to

offers of the Notes for which a key information document according to the Swiss Federal Financial

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Services Act ("FinSA") or an equivalent document under FinSA has been prepared the Notes are not intended to be offered or recommended to private clients within the meaning FinSA in Switzerland. For these purposes, a private client means a person who is not one (or more) of the following: (i) a professional client as defined in Article 4(3) FinSA (not having opted-in on the basis of Article 5(5) FinSA) or Article 5(1) FinSA; or (ii) an institutional client as defined in Article 4(4) FinSA; or (iii) a private client with an asset management agreement according to Article 58(2) FinSA.

This Pricing Supplement has not been and will not be filed and deposited with a review body in Switzerland for entry on the list according to Article 64(5) FinSA. Accordingly, the Notes may not be publicly offered, directly or indirectly, in Switzerland within the meaning of FinSA, other than pursuant to an exemption under Article 36(1) FinSA. Neither this Pricing Supplement nor any other offering or marketing material relating to the Notes constitutes a prospectus pursuant to FinSA, and neither this Pricing Supplement nor any other offering or marketing material relating to the Notes may be publicly distributed or otherwise made publicly available in Switzerland.

PART A - CONTRACTUAL TERMS

Any person making or intending to make an offer of the Notes may only do so in circumstances in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to either of Article 3 of the Prospectus Regulation or section 85 of the FSMA or to supplement a prospectus pursuant to either of Article 23 of the Prospectus Regulation or Article 23 of the UK Prospectus Regulation, in each case, in relation to such offer, and subject as provided in the sections entitled "Prohibition of Sales to EEA Retail Investors" and "Prohibition of Sales to UK Retail Investors" above.

This document constitutes the Pricing Supplement for the Notes described herein. This document must be read in conjunction with the Structured Securities Base Prospectus dated July 29, 2022 as supplemented by the supplements dated August 31, 2022 (the "Base Prospectus"). Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of this Pricing Supplement and the Base Prospectus. Copies of the Base Prospectus may be obtained from the offices of the Issuer, Royal Bank Plaza, 200 Bay Street, 8th Floor, South Tower, Toronto, Ontario, Canada and the offices of the Issuing and Paying Agent, 160 Queen Victoria Street, London EC4V 4LA, England and in electronic form on the Luxembourg Stock Exchange's website (www.bourse.lu).

For the purposes hereof:

"UK Prospectus Regulation" means Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA;

"EUWA" means the European Union (Withdrawal) Act 2018; and

"FSMA" means the Financial Services and Markets Act 2000.

By investing in the Notes, each investor represents that:

1. Non-Reliance.It is acting for its own account, and it has made its own independent decisions to invest in the Notes and as to whether the investment in the Notes is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the Issuer or any Dealer as investment advice or as a recommendation to invest in the Notes, it being understood that information and explanations related to the terms and conditions of the Notes shall not be considered to be investment advice or a recommendation to invest in the Notes. No communication (written or oral) received from the Issuer or

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any Dealer shall be deemed to be an assurance or guarantee as to the expected results of the investment in the Notes.

1. Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts the terms and conditions and the risks of the investment in the Notes. It is also capable of assuming, and assumes, the risks of the investment in the Notes.
2. Status of Parties. Neither the Issuer nor any Dealer is acting as fiduciary for or adviser to it in respect of the investment in the Notes.

1.	Issuer:		Royal Bank of Canada
	Branch of Account / Branch:	Toronto Branch
2.	(i)	Series Number:		67122
	(ii) Tranche Number:	1
3.	Specified Currency or Currencies:	EUR
	(Condition 1.12)
4.	Aggregate Principal Amount:	EUR 10,000,000
	(i)	Series:		EUR 10,000,000
	(ii)	Tranche:		EUR 10,000,000
5.	Issue Price:		99.70100% of the Aggregate Principal Amount
6.	(a)	Specified Denominations:	EUR 1,000
	(b)	Calculation Amount:	EUR 1,000
	(c)	Minimum Trading Size:	EUR 1,000
7.	(i)	Issue Date:		22 November 2022
	(ii)	Interest	Commencement	Issue Date
		Date
	(iii)	Trade Date:		08 November 2022
8.	Maturity Date:		22 November 2023
9.	Interest Basis:		EURIBOR Floating Rate (further details specified below)
10.	(a) Redemption Basis:	Redemption at par
	(b)	Protection Amount:	Not Applicable
11.	Change of Interest or	Not Applicable

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Redemption/Payment Basis:

1. Put Option/ Call Option/ Trigger Early Redemption:
2. Date Board approval for issuance of Notes obtained:

Not Applicable

Not Applicable

14.	Bail-inable Securities:	No
15.	Method of distribution:	Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.	Fixed Rate Note Provisions	Not Applicable
	(Condition 4.02/4.02a)
17.	Floating Rate Note Provisions	Applicable
	(Condition 4.03)
	(i)	Specified Period(s):	Not Applicable
	(ii)	Specified Interest Payment	The 22th of February, May, August and November in each
		Dates:	year, commencing 22 February 2023 with a final payment
			on the Maturity Date, adjusted for payment purposes only,
			subject to adjustment in accordance with the Business
			Day Convention set out in (iv) below
	(iii)	First Interest Payment	22 February 2023
		Date:
	(iv)	Business Day Convention:	Following Business Day Convention
	(v)	Business Centre(s):	TARGET and London

1. Manner in which the Rate(s) of Interest is/are to be determined:
2. Screen Rate Determination:
3. • Reference Rate:
   • Term Rate:
   • Overnight Rate:
   • CMS Rate:
   • Calculation Method:
   • Observation Method:

From (and including) the Issue Date to (but excluding) the Maturity Date interest shall be payable quarterly in arrear and accrue at a per annum rate determined according to the following formula:

Min [ Max [ Reference Rate, Minimum Rate of Interest ] , Maximum Rate of Interest ]

Applicable

EURIBOR

Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

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1. • Interest Determination Dates(s):
   • Rate Determination Date:
   • Relevant Screen Page:
   • Designated Maturity:
   • Relevant Time:
   • Reference Banks:
   • Fixed Leg:
   • Fixed Leg DCF:
   • Floating Leg DCF:
   • Mean Calculation:
   • Swap Dealer City:
   • Swap Dealer Market:
   • Swap Dealer Number:
   • Swap Rate Currency:
   • Swap Rate Frequency:
   • Swap Transaction Commencement Date:
   • Swap Transaction Floating Rate Option:
   • Swap Transaction Maturity:
   • Relevant Financial Centre:
   • Observation Look-Back Period:
2. ISDA Rate Determination:
3. Linear Interpolation:
4. Margin(s):
5. Minimum Rate of Interest: (Condition 4.04)

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With respect to the first Interest Payment Date, 2 TARGET Business Days prior to the Interest Commencement Date. With respect to each subsequent Interest Payment Date, 2 TARGET Business Days prior to the previous Interest Payment Date.

Not Applicable

EURIBOR01

3 Months

Such time as the Rate of Interest is to be determined

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

TARGET

Not Applicable

Not Applicable

Not Applicable

Not Applicable

2.50%

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