Every 424B that ROYAL BK CDA QUEN PFD (RBMCF) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow RBMCF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RBMCF filings page.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Apollo Global Management, Inc. The notes pay a contingent monthly coupon of $13.458 per $1,000 (1.3458% monthly; 16.15% per annum) when the underlier is at or above a Coupon Threshold. The Coupon Threshold and Barrier Value equal 61% of the Initial Underlier Value. The notes are callable beginning on the sixth monthly observation; if called, investors receive par plus the contingent coupon otherwise due. If not called, at maturity investors receive par if the Final Underlier Value is at or above the Barrier; if below, they receive $1,000 × (1 + Underlier Return) and can lose a substantial portion or all principal. Trade Date is May 1, 2026, Issue Date May 6, 2026, Valuation Date and final Coupon Observation June 1, 2027, Maturity Date June 4, 2027. The public offering price is 100.00% with underwriting discounts of 1.00%; the initial estimated value is expected to be between $928.50 and $978.50 per $1,000, which is less than the public offering price. All payments are subject to the issuer’s credit risk.
Royal Bank of Canada is offering two separate Fixed Coupon Barrier Notes linked respectively to the common stock of Albemarle Corporation and Class C common stock of Dell Technologies Inc. Each Note has a $1,000 principal amount reference and pays a monthly fixed coupon; the Fixed Coupon Rate will be set on the Trade Date and is shown as a range on the cover page. If the Final Underlier Value is at or above a Barrier equal to 50% of the Initial Underlier Value, investors receive the $1,000 principal at maturity plus accrued coupons. If the Final Underlier Value is below the Barrier, redemption equals $1,000 plus the Underlier Return (which can result in a substantial loss of principal). Trade Date is April 28, 2026, Issue Date April 30, 2026, Valuation Date April 27, 2027, and Maturity Date April 30, 2027. All payments are subject to Royal Bank of Canada credit risk; the pricing supplement highlights secondary-market illiquidity, potential conflicts of interest, and uncertain U.S. tax treatment.
Royal Bank of Canada is offering five separate Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon, each linked to a different equity underlier. Each series is sold at par per $1,000 principal amount with specified contingent coupon rates (9.50%–16.25% per annum), an Issue Date of April 20, 2026, and a Maturity Date of April 19, 2029. Each note can be automatically called on quarterly Call Observation Dates if the applicable underlier closes at or above its Initial Underlier Value; if not called, final payoff depends on the Final Underlier Value relative to a stated Barrier Value, which can cause substantial principal loss.
The pricing supplement lists per-offering initial estimated values (around $967–$973 per $1,000), public offering amounts, underwriting discounts, and proceeds to the Bank. Payments of contingent coupons are quarterly and include a memory feature allowing missed coupons to be paid later if conditions are met. All payments remain subject to the Bank’s credit risk.
Royal Bank of Canada is offering $8,165,000 of Auto-Callable Fixed Coupon Barrier Notes linked to the least performing of two common-stock underliers: The Goldman Sachs Group, Inc. and Microsoft Corporation. The notes pay a fixed coupon of $152.50 per $5,000 note (12.20% per annum) quarterly, are callable quarterly if both underliers close at or above their Trade Date values, and mature April 20, 2028.
If not called, principal is returned in cash if the least performing underlier finishes at or above 60% of its initial value; otherwise investors receive a physical share delivery equal to a preset share amount, which may be worth significantly less than principal. Initial estimated value is $4,923.65 per $5,000 note; public offering price is par.
Royal Bank of Canada is offering four Auto-Callable Contingent Coupon Barrier Notes, each linked to a different equity underlier: Broadcom (AVGO), Blackstone (BX), CrowdStrike (CRWD) and Estée Lauder (EL). Trade Date is April 28, 2026, Issue Date April 30, 2026, Valuation Date April 25, 2029 and Maturity Date April 30, 2029. Each note pays a quarterly contingent coupon (paid with a memory feature) only if the underlier meets a Coupon Threshold on observation dates; unpaid coupons may be paid later once a condition is met. Notes are callable quarterly if the underlier closes at or above its Initial Underlier Value on a Call Observation Date; called notes pay principal plus any due coupons. Barrier levels are fixed relative to the Initial Underlier Value (AVGO 50%, BX 60%, CRWD 50%, EL 55%). Public offering price is 100.00% of principal; initial estimated values are shown by offering and will be less than the public offering price. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering four separate auto-callable notes linked to individual equity underliers. Each offering carries a quarterly contingent coupon (rates shown on the cover) and a memory feature; notes may be automatically called on quarterly call observation dates beginning October 27, 2026. The Trade Date is April 28, 2026, Issue Date April 30, 2026, Valuation Date April 25, 2029 and Maturity Date April 30, 2029. Payment at maturity depends on whether the Final Underlier Value is above the Barrier Value; if below, investors suffer a loss proportional to the Underlier Return. Initial estimated value ranges and contingent coupon rate ranges are listed by underlier on the cover page. All payments are subject to RBC credit risk.
Royal Bank of Canada (RBMCF) offers Contingent Income Auto-Callable Securities linked to The Estée Lauder Companies Inc. Class A common stock. Each note has a stated principal amount of $1,000, a contingent quarterly coupon of $35.50 (3.55% per quarter; 14.20% per annum) payable only when the underlier is at or above a 50% downside threshold. The notes are automatically redeemed early if the underlier equals or exceeds its initial value on a redemption determination date. At final maturity on April 20, 2028, if the final underlier value is below the 50% threshold, payment = stated principal × (final underlier value / initial underlier value), which could result in a loss of principal down to zero. Payments are unsecured and subject to RBC credit risk.
Royal Bank of Canada is offering $3,362,000 of Fixed Coupon Barrier Notes linked to Micron Technology, Inc. common stock due April 20, 2027. The Notes pay a fixed monthly coupon of $13.333 per $1,000 (16% per annum). At maturity investors receive par if the Final Underlier Value is at or above the Barrier Value (50% of the Initial Underlier Value, $228.12). If the Final Underlier Value is below the Barrier Value, principal exposure is tied to the Underlier Return and investors may lose a substantial portion or all principal. Initial estimated value was $971.41 per $1,000; offering price is par. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada offers $1,386,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50. The notes pay a contingent quarterly coupon of $24.375 per $1,000 (9.75% per annum) if observation conditions are met, can be auto-called quarterly starting April 15, 2027, and mature April 18, 2030. At maturity investors receive principal if the least performing underlier is at or above its 70% barrier; if below, repayment is reduced pro rata by the underlier return. Initial estimated value is $966.90 per $1,000; public offering price is $1,000 per $1,000 (100%).
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices. The notes trade at par with a public offering price of 100.00% and an underwriting discount of 2.50%. The Trade Date is April 28, 2026, Issue Date April 30, 2026, Valuation Date April 25, 2030 and Maturity Date April 30, 2030.
The notes pay a contingent quarterly coupon if every Underlier is at or above a 70% Coupon Threshold on the relevant observation date; the contingent coupon is at least $22.50 per $1,000 (at least 9.00% per annum) if payable. The notes are automatically called if, on a Call Observation Date, each Underlier is at or above its Initial Underlier Value; if not called, principal repayment at maturity depends on the performance of the least performing Underlier relative to a 70% barrier, which can result in significant principal loss.
Royal Bank of Canada is offering four separate Auto-Callable Contingent Coupon Barrier Notes, each linked to a different equity Underlier and maturing on April 19, 2029. Each series has its own Contingent Coupon Rate, Initial Estimated Value and pricing; examples include a 12.00% contingent coupon rate for the Lincoln National (LNC) offering and an initial estimated value of $990.56 per $1,000 principal. Notes may be automatically called on quarterly Call Observation Dates if the Underlier is at or above its Initial Underlier Value, and at maturity investors receive either par or a return tied to the Underlier Return versus the Barrier Value. All payments are subject to the Bank’s credit risk and the pricing supplement highlights secondary market, tax and structural risks.
Royal Bank of Canada offers redeemable fixed-rate notes maturing April 17, 2031. The Notes pay 4.75% per annum, payable semiannually, are callable on October 17, 2027 and each interest date thereafter, and are subject to Canadian bail-in powers and the issuers credit risk.
The offering price totals $1,926,000 with underwriting discounts of 0.32% and net proceeds to the Bank of $1,919,836.80. Purchase prices to RBCCM range between $994.00 and $1,000.00 per $1,000 principal amount.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes due April 30, 2038 with an annual interest rate of 5.10%. The Notes are issued April 30, 2026, pay interest annually beginning April 30, 2027, and are callable by the Bank on any Interest Payment Date beginning April 30, 2028 with 10 business days' prior written notice. Purchase prices for the initial sale will range between $972.50 and $1,000.00 per $1,000 principal amount; minimum investment is $1,000. The Notes are subject to Canadian bail-in powers and are unsecured obligations of the Bank; payments are subject to the Bank's credit risk.
Royal Bank of Canada offers $15,000,000 of Floored Floating Rate Notes due April 17, 2033. The notes pay a quarterly rate equal to compounded SOFR plus a 0.77% spread, subject to a 0.50% coupon floor. The initial estimated value was $990.80 per $1,000 principal; public offering price was 100.00% (total price to public $15,000,000), with underwriting discounts of 0.42% ($63,000).
The notes are senior unsecured obligations subject to Royal Bank of Canada credit risk, include a repurchase option on October 17, 2032, and reference fallback mechanics for Benchmark Replacement if SOFR is unavailable.
Royal Bank of Canada is offering redeemable fixed rate notes with an interest rate of $4.25% per annum, a pricing range of $990.00 to $1,000.00 per $1,000 principal amount, an Issue Date of April 30, 2026, and a scheduled Maturity Date of April 30, 2029.
The Notes pay interest semiannually on April 30 and October 30 beginning October 30, 2026, are redeemable at the issuer's option on specified Call Dates beginning April 30, 2027, and are subject to Canadian bail-in powers as described in the agreement included in the terms.
Royal Bank of Canada is offering redeemable fixed rate notes. The Notes carry a 4.50% fixed interest rate, pay interest semiannually, have a Issue Date: April 30, 2026 and a Maturity Date: April 30, 2031. The public purchase price range is between $985.00 and $1,000.00 per $1,000 principal amount, with RBC Capital Markets, LLC acting as underwriter and calculation agent. The Notes are redeemable in whole at the issuer's option on specified Call Dates beginning October 30, 2027. Holders are bound by Canadian bail-in provisions; conversion to common shares under the CDIC Act is possible. Minimum investment is $1,000. All payments are subject to the Bank's credit risk.
Royal Bank of Canada is offering $500,000 of Auto-Callable Fixed Coupon Barrier Notes due April 19, 2029. The Notes pay a fixed coupon of $9.375 per $1,000 ($11.25% per annum) monthly, are linked to the least performing of Newmont Corporation and Quanta Services common stock, and may be auto-called on specified monthly observation dates. At maturity, if not called and the least performing underlier is below its 50% Barrier Value, investors receive a number of shares of the least performing underlier (the Physical Delivery Amount) and may lose a substantial portion of principal. The initial estimated value is $972.37 per $1,000; public offering price is par.
Royal Bank of Canada offers $750,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the VanEck® Semiconductor ETF and the State Street® SPDR® S&P® Oil & Gas Exploration & Production ETF. The notes pay a contingent quarterly coupon of $41.25 per $1,000 (16.50% annually) when both underliers meet a 65% coupon threshold, are auto-called if both underliers are at or above their Initial Underlier Values on a Call Observation Date, mature on April 18, 2029, and return principal at maturity only if the least performing underlier is at or above its 65% barrier; otherwise investors suffer proportional principal loss. The initial estimated value is $987.62 per $1,000 and the public offering price is $1,000 per $1,000 (underwriting discount 1.00%).
Royal Bank of Canada is offering Barrier Digital Notes linked to the 2-Year U.S. Dollar SOFR ICE Swap Rate. The notes are sold at 100.00% of principal (minimum investment $10,000), with an underwriting commission of 1.00% ($10 per $1,000). The notes mature on May 3, 2027 with payment determined by the Final Reference Rate on the Valuation Date of April 28, 2027. If the Final Reference Rate is at or above the Barrier Value, investors receive a 9% digital return; if below the Barrier Value they receive a return based on the percentage change of the Reference Rate and may lose a substantial portion, or all, of principal. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada offers $25,658,000 of redeemable fixed rate notes due April 17, 2029. The Notes carry a 4.50% fixed interest rate payable semiannually, are redeemable at the issuer's option on scheduled Call Dates beginning April 17, 2027, and are subject to Canadian bail-in powers under the CDIC Act. The public offering price is 100.00% and proceeds to the Bank are $25,586,157.60 after underwriting discounts. Interest and principal are unsecured obligations of the Bank and payments are subject to the Bank's credit risk.
Royal Bank of Canada offers $7,289,000 of Auto-Callable Contingent Coupon Buffer Notes linked to Amazon.com, Inc. common stock. The Notes trade with a Trade Date of April 14, 2026, Issue Date April 17, 2026, Valuation Date May 14, 2027 and Maturity Date May 19, 2027. The Notes pay a contingent monthly coupon of $5.833 per $1,000 (7.00% per annum if payable) and are auto‑callable beginning on the October 14, 2026 observation if Amazon’s closing value is at or above the initial level of $249.02. At maturity, if the Final Underlier Value is below the 75% buffer ($186.77), investors may receive shares (or cash) and could lose up to a substantial portion of principal; payments remain subject to the Bank’s credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Constellation Energy Corporation, due May 27, 2027. The notes pay a contingent monthly coupon of $10.875 per $1,000 (equivalent to 13.05% per annum) when the underlier meets the monthly coupon threshold.
The notes are auto-callable beginning on the sixth monthly observation if the closing value is at or above the initial underlier value; the downside barrier is 56% of the Initial Underlier Value. The initial estimated value is stated between $911.50 and $961.50 per $1,000; the public offering price is $1,000 with underwriting discounts of 1.50%.
Royal Bank of Canada is offering $50,000 aggregate principal of Redeemable Floored Range Accrual Notes based on the 10‑year CMT Rate due April 16, 2031. Interest for each quarterly period equals 6.50% multiplied by the fraction of Accrual Days in the period (subject to a 1.00% per annum Coupon Floor), where an Accrual Day is a day the 10‑year CMT is between 0.00% and 5.00%. The public offering price is 100.00% (underwriter purchase price may be $991.50–$1,000 per $1,000), the initial estimated value is $980.20 per $1,000, and payments are subject to the Bank’s credit risk. Notes are redeemable at the Bank’s option on scheduled Call Dates beginning April 16, 2027.
Royal Bank of Canada offers Daily Auto-Callable Absolute Return Digital Notes linked to the S&P 500® Index under Registration Statement No. 333-275898. The Notes are sold at par ($1,000 per note) with an initial estimated value expected between $938.00 and $988.00 per $1,000 principal amount. The structure features a Digital Return of 4.05%, a Barrier equal to 80% of the Initial Underlier Value, daily call observation mechanics from the Trade Date to the Valuation Date, Trade Date April 30, 2026, Issue Date May 5, 2026, Valuation Date July 30, 2027, and Maturity Date August 4, 2027.
If not called, investors receive at maturity either $1,000 + Digital Return when the Final Underlier Value is at or above the Initial Underlier Value, or $1,000 plus the absolute value of a negative Underlier Return (capped so the return will not exceed 20%). All payments are subject to Royal Bank of Canada credit risk; the Notes are not FDIC- or CDIC-insured.
Royal Bank of Canada priced $1,500,000,000 of 4.612% Senior Fixed Rate/Floating Rate Notes due May 3, 2032. The senior unsecured Notes pay a fixed rate of 4.612% through May 3, 2031, then reset quarterly at USD Compounded SOFR plus 1.010%. Issue date is April 17, 2026; maturity is May 3, 2032. The Notes are bail-inable under the CDIC Act, unsecured, unlisted, and settle through DTC. Public offering price was 100.000% with an underwriting discount of 0.250%, yielding proceeds to the Bank of $1,496,250,000. Redemption, tax withholding and Canadian bail-in provisions are disclosed in the pricing supplement.
Royal Bank of Canada priced a US$1,500,000,000 offering of 4.400% Senior Fixed Rate/Floating Rate Notes due April 17, 2030. The Notes were issued at 100.000% on April 17, 2026 with net proceeds of $1,497,750,000 after a 0.150% underwriting discount. Interest is fixed at 4.400% through April 17, 2029, then resets to USD Compounded SOFR + 0.840% quarterly. The Notes are senior unsecured, bail-inable and subject to conversion under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act. The Notes will not be listed and will settle through DTC on or about April 17, 2026.
Royal Bank of Canada is offering Daily Auto-Callable Absolute Return Digital Notes linked to the S&P 500® Index. The Notes have a principal of $1,000 per Note, a Digital Return of 3.25%, and a Barrier equal to 80% of the Initial Underlier Value. The Notes may be automatically called based on daily Call Observation Dates; if not called, payoff at maturity depends on the Final Underlier Value: investors receive $1,000 + $1,000×3.25% if the Final Underlier Value is greater than or equal to the Initial Underlier Value, or $1,000 + (-1 × $1,000 × Underlier Return) (capped at 20% positive return) if the Final Underlier Value is lower. Initial estimated value is expected to be between $934.00 and $984.00 per $1,000 principal amount and will be less than the public offering price. All payments are subject to Royal Bank of Canada credit risk and other terms and risks in the accompanying prospectus materials.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the VanEck® Semiconductor ETF. The Terms: Trade Date April 27, 2026, Issue Date April 30, 2026, Valuation Date October 27, 2027, Maturity Date October 29, 2027. The notes pay 200% participation in positive returns up to a Maximum Return of at least 30%, provide a 15% downside buffer (85% Buffer Value), and expose holders to issuer credit risk.
The preliminary public offering price is 100.00% with underwriting discounts of 1.75%. The initial estimated value is expected between $923.40 and $973.40 per $1,000 principal amount and will be less than the public offering price. Read the Selected Risk Considerations and tax discussion in the product supplement for additional detail.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to Eli Lilly common stock (LLY). The offering price is 100.00% (aggregate $625,000) with underwriting discounts of 1.00% ($6,250), and proceeds to the Bank of 99.00% ($618,750). The Notes have an Initial Underlier Value of $939.47, an Initial Estimated Value of $987.08 per $1,000 principal amount, a quarterly contingent coupon of $25.00 per $1,000, and a Buffer Percentage of 30.44% (Buffer Value $653.50).
The Notes trade on April 13, 2026, issue on April 16, 2026, have a Valuation Date of April 23, 2027 and Maturity Date of April 28, 2027. They are auto‑callable if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date; if not called, payoff depends on final performance versus the Buffer Value and uses a Downside Multiplier of approximately 1.43761. All payments are subject to the Bank’s credit risk; investors may lose some or all principal.
Royal Bank of Canada is offering $1,595,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the S&P 500® Futures Excess Return Index. The Notes pay a semiannual contingent coupon of $45.75 per $1,000 (4.575% semiannual, 9.15% per annum) if observation levels meet the Coupon Threshold, are callable on specified observation dates, and repay principal at maturity only if the Final Underlier Value is at or above the Barrier Value (70% of the Initial Underlier Value). All payments are subject to the Bank’s credit risk; the initial estimated value is $993.82 per $1,000 principal amount and the public offering price is par.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. The Notes pay a monthly contingent coupon of $6.833 per $1,000 (8.20% per annum) when each Underlier is at or above its 70% Coupon Threshold on the preceding observation date. The Notes are callable quarterly if all Underliers close at or above their Initial Underlier Values; called Notes pay $1,000 plus the contingent coupon. If not called, at maturity investors receive $1,000 if the least performing Underlier is at or above its 70% Barrier; otherwise investors receive $1,000 plus the Underlier Return of the least performing Underlier and may lose a substantial portion or all principal. Trade Date is May 1, 2026, Issue Date May 6, 2026, Valuation Date February 3, 2031, Maturity Date February 6, 2031. The initial estimated value is expected to be between $880.00 and $938.00 per $1,000; the public offering price is 100.00% with underwriting discounts of 3.25% (proceeds to RBC 96.75%). All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Capped Return Geared Buffer Notes linked to the SPDR® Gold Trust. The Notes pay at maturity either upside participation up to a Maximum Return of 24.92%, full principal if the final underlier value stays at or above the Buffer Value (90% of the Initial Underlier Value), or a reduced payment when the final value falls below the Buffer Value using a Downside Multiplier of ~1.11111. The offering price is 100% of principal (fiduciary accounts may pay $990.00 per $1,000) and placement agents receive a 1.00% underwriting fee. Trade Date is April 17, 2026, Issue Date April 22, 2026, Valuation Date April 30, 2027 and Maturity Date May 5, 2027.
Royal Bank of Canada is offering $750,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the VanEck® Semiconductor ETF and the EURO STOXX® Banks Index. The Notes pay quarterly contingent coupons of $39.25 per $1,000 (15.70% per annum) if both underliers meet the 60% coupon threshold on observation dates and may be automatically called quarterly if both underliers close at or above their initial values. At maturity, if not called, repayment depends on the least performing underlier: full principal if the final value is at or above its 60% barrier, otherwise investors suffer a proportional principal loss equal to the underlier return. The initial estimated value was $969.98 per $1,000 and the public offering price is par.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The Notes trade with a Trade Date of April 27, 2026, Issue Date April 30, 2026, Valuation Date April 28, 2031 and Maturity Date May 1, 2031. Investors may receive quarterly contingent coupons of $18.75 per $1,000 (7.50% per annum) when each underlier meets a 70% coupon threshold; a 60% barrier applies for principal protection at maturity. The Notes are callable quarterly beginning April 27, 2027 if each underlier is at or above its initial value; if called, investors receive par plus the contingent coupon otherwise due. All payments are subject to Royal Bank of Canada credit risk. The initial estimated value is stated between $881.00 and $931.00 per $1,000, below the public offering price.
Royal Bank of Canada (RBC) is offering $4,352,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Take-Two Interactive Software, Inc. The Notes pay a monthly contingent coupon of 1.0417% (12.50% per annum) when the underlier meets the monthly coupon threshold and are auto-called if the stock equals or exceeds the initial underlier value on a call observation date. The Notes mature May 13, 2027, pay principal at maturity only if the final underlier value is at or above the barrier (60% of the initial underlier value = $118.24), and otherwise return the principal adjusted by the underlier return, exposing investors to potential substantial principal loss.
Royal Bank of Canada is offering $161,000 of Auto-Callable Contingent Coupon Barrier Notes linked to Take-Two Interactive common stock. The Notes pay a contingent monthly coupon of $12.50 per $1,000 (1.25% monthly; 15.00% per annum) when the Underlier is at or above a coupon threshold. The Notes trade on a Trade Date: April 10, 2026, have an Issue Date: April 15, 2026, a Valuation Date: May 10, 2027 and a Maturity Date: May 13, 2027. If the Notes are auto-called following a Call Observation Date because the Underlier is at or above the Initial Underlier Value, investors receive principal plus the contingent coupon otherwise due. If not called, repayment at maturity depends on the Final Underlier Value relative to the Barrier (60% of the Initial Underlier Value, $118.24); if below the Barrier, investors receive a principal amount reduced pro rata by the Underlier Return. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada (RBC) is offering $3,500,000 of Dual Directional Barrier Digital Notes linked to the S&P 500® Index due April 16, 2031. The notes pay a capped digital return of 46.70% per $1,000 if the Final Underlier Value is at or above the Initial Underlier Value; a positive absolute return if the Final Underlier Value falls but stays at or above the 75% Barrier Value; and suffer principal loss if the Final Underlier Value is below the Barrier Value. The initial estimated value is $966.64 per $1,000, the public offering price is par, and underwriting discounts total 2.779% ($97,250).
Royal Bank of Canada is offering $1,041,000 of Capped Return Notes linked to the SPDR® Gold Trust (GLD) due April 28, 2027. The notes pay at maturity based on the Underlier Return with a Participation Rate of 100%, a Maximum Return of 12.54% (max payment $1,125.40 per $1,000) and a Minimum Return of -5% (minimum payment $950 per $1,000). The initial estimated value was $987.11 per $1,000 and the notes are unsecured obligations subject to RBC credit risk.
Royal Bank of Canada is offering $20,000,000 principal amount of Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of Alphabet Class A, Eli Lilly and Netflix. The notes have a Contingent Coupon of $44.625 per $1,000 (annualized 17.85%) and a public offering price of 100.00% per note.
The notes pay quarterly contingent coupons that accumulate (a previously unpaid coupon is payable once a later coupon condition is met), are callable beginning on the fourth quarterly observation date, and mature on April 13, 2028. If the least performing underlier finishes below its Barrier Value (60% of its Initial Underlier Value), principal at maturity is reduced pro rata based on the Underlier Return; full principal is returned only if the least performing underlier finishes at or above its Barrier Value.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes have a Trade Date of April 10, 2026, an Issue Date of April 15, 2026 and a Valuation/Maturity structure that matures on April 13, 2029 (Valuation Date April 10, 2029). The public offering price is 100.00% per $1,000 and the total price to public shown is $2,297,000. The Notes pay a monthly Contingent Coupon of $7.917 per $1,000 (equivalent to 9.50% per annum) when each Underlier is at or above its 70% Coupon Threshold on the prior observation date, and are automatically called if, on a Call Observation Date, each Underlier is at or above its Initial Underlier Value. At maturity, if not called and the Least Performing Underlier is below its Barrier (70% of initial), principal is reduced pro rata by the Underlier Return; if it is at or above its Barrier, investors receive principal. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes due April 18, 2029 linked to the least performing of the VanEck Semiconductor ETF and the SPDR S&P Oil & Gas Exploration & Production ETF. The public offering price is 100.00% of principal with underwriting discounts of 1.00%. The Notes pay a quarterly contingent coupon of $41.25 per $1,000 (4.125% per quarter, 16.50% per annum) if each Underlier meets its coupon threshold on the preceding observation date. The Notes are auto‑callable on quarterly observation dates if each Underlier is at or above its initial value; if called investors receive par plus the contingent coupon otherwise due. At maturity, if not called, full principal is returned when the least performing Underlier is at or above its 65% barrier; otherwise investors receive a principal amount reduced pro rata by the Underlier Return of the least performing Underlier. All payments are subject to Royal Bank of Canada’s credit risk. The initial estimated value is expected between $922.61 and $972.61 per $1,000, which is below the public offering price.
Royal Bank of Canada is offering a series of Senior Floating Rate Notes (Series J) under a pricing supplement to its December 20, 2023 prospectus and prospectus supplement. The Notes are U.S. dollar senior unsecured floating‑rate debt tied to the USD Compounded SOFR Index, payable quarterly, with minimum denominations of $2,000. The Notes are bail‑inable and may be converted into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act; holders are deemed to consent to Canadian bail‑in powers. The Bank may redeem the Notes in specified circumstances (including certain tax law changes and at set pre‑maturity dates). The pricing supplement references the Department of Finance (Canada) January 29, 2026 tax proposals and explains potential tax withholding, Additional Amounts mechanics, and U.S. and Canadian tax treatments for holders.
Royal Bank of Canada is offering senior unsecured fixed rate/floating rate notes (Series J) that are bail-inable and subject to conversion into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act. The Notes will be issued in U.S. dollars, settle through DTC and bear a fixed rate for an initial period then reset to USD Compounded SOFR plus a spread for the floating period. The Notes will not be listed on any exchange and are subject to the Bank’s credit risk. The Pricing Supplement discusses optional redemption mechanics, the payment of Additional Amounts for Canadian withholding tax, and notes that the Department of Finance (Canada) proposed amendments on January 29, 2026 that could permit early redemption if they result in Additional Amounts becoming payable.
Royal Bank of Canada is offering Floored Floating Rate Notes due April 17, 2033 under a pricing supplement to its December 20, 2023 prospectus. The notes pay quarterly interest equal to compounded SOFR plus a 0.77% spread with a 0.50% coupon floor. The Pricing Date is April 15, 2026 and the Issue Date is April 17, 2026. RBC Capital Markets will purchase the notes from the issuer at prices between $995.00 and $1,000.00 per $1,000 principal; the initial estimated value is expected between $985.00 and $995.00 per $1,000. Holders may request an early repurchase on the Repurchase Date scheduled for October 17, 2032, subject to procedures and possible postponement. Payments are subject to Royal Bank of Canada credit risk and the notes are not deposit insurance protected.
Royal Bank of Canada is offering $250,000 of Auto-Callable Contingent Coupon Geared Buffer Notes linked to Vertiv Holdings Co Class A common stock. The Notes pay a monthly Contingent Coupon of $13.75 per $1,000 (1.375% monthly, 16.50% per annum) if the Underlier meets the 65% Coupon Threshold on observation dates. The Notes feature a 35% buffer and a Downside Multiplier of ~1.53846; if not called, principal repayment at maturity depends on the Final Underlier Value versus the Buffer Value. Trade Date was April 9, 2026, Issue Date April 14, 2026, Valuation Date October 11, 2027, and Maturity Date October 14, 2027. All payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering $1,640,000 principal amount of Redeemable Fixed Rate Notes due April 14, 2033 with a stated interest rate of 5.00% per annum. The notes pay interest annually, are redeemable at the Bank’s option beginning on the April 14, 2028 call date, and are subject to Canadian bail-in conversion provisions. Issue Date is April 14, 2026; all payments are subject to the Bank’s credit risk.
Royal Bank of Canada offers $1,000,000 of Capped Enhanced Return Buffer Notes linked to the common stock of NVIDIA Corporation. Each $1,000 note has a 200% Participation Rate up to a Maximum Return of 32.40%, a 10% buffer (Buffer Value $165.52), and a capped maximum payment of $1,324. The Trade Date is April 9, 2026, Issue Date April 14, 2026, Valuation Date April 15, 2027 and Maturity Date April 20, 2027. If the Final Underlier Value is at or above the Buffer Value at maturity, investors receive at least principal; if below the Buffer Value they incur a loss equal to the Underlier Return minus the 10% buffer. All payments are subject to the Bank's credit risk. The initial estimated value per $1,000 note was $985.73 and the public offering price was par.
Royal Bank of Canada is offering STEP Income Securities linked to Microsoft stock with a total public offering price of $7,343,880. The notes are senior unsecured obligations due April 23, 2027, pay quarterly interest at 9.50% per year and have a Step Payment of $0.751 if the Ending Value of MSFT is ≥ the Step Level.
The Starting Value is $373.07, the Step Level is $408.51 (109.50% of Starting Value), the Threshold Value equals the Starting Value, the valuation date is April 16, 2027, and the initial estimated value at pricing was $9.76 per unit versus a public offering price of $10.00 per unit. Payments depend on MSFT performance and RBC creditworthiness; underwriting discount is $0.15 per unit and a hedging-related charge of $0.05 per unit applies.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to Eli Lilly common stock. The notes pay a $25.00 contingent quarterly coupon per $1,000 if the Underlier meets the Coupon Threshold and include an automatic call if the Underlier equals or exceeds the Initial Underlier Value on a Call Observation Date. The structure provides a 30.44% buffer and a downside multiplier of approximately 1.43761; investors may lose some or all principal if the Final Underlier Value is below the Buffer Value.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the Bloomberg US Large Cap VolMax Index, Trade Date April 24, 2026, Issue Date April 29, 2026 and Maturity Date April 29, 2031.
Key economic terms: public offering price 100.00% of principal, underwriting discount 0.90%, proceeds to issuer 99.10%, contingent coupon $10.00 per $1,000 (1.00% monthly / 12.00% annually) if observation conditions are met. The Notes are subject to automatic monthly calls beginning on the twelfth observation and principal is at risk if the Final Underlier Value is below the Barrier Value (50% of initial).