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 Capped Enhanced Return Buffer Notes linked to the S&P 500® Index. The notes have a Participation Rate of 125%, a Buffer Percentage of 10% and a Maximum Return of 18% to 20% (to be set on the Trade Date). Trade Date is March 26, 2026, Issue Date March 31, 2026, Valuation Date March 27, 2028 and Maturity Date March 30, 2028. Payment at maturity depends on the Final Underlier Value versus the Initial Underlier Value and Buffer Value: gains are paid at 125% up to the Maximum Return; losses are absorbed only after the 10% buffer. The public offering price is 100% with underwriting discounts of 2.25% and proceeds to the issuer of 97.75%. The initial estimated value is expected between $916.50 and $966.50 per $1,000, which is less than the public offering price.
Royal Bank of Canada is offering five separate Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon, each linked to a specific equity underlier: AMZN, AVGO, AXON, CAT and CEG. The public offering price is 100.00% of principal with underwriting discounts of 2.50% and proceeds to RBC of 97.50%. Initial contingent coupon rates are specified by underlier and are expected in the ranges shown (for example, 10.00%–11.00% for AMZN and 13.00%–14.00% for AXON). Trade Date is March 16, 2026, Issue Date March 19, 2026, Valuation Date March 16, 2029 and Maturity Date March 21, 2029. Notes may be automatically called on quarterly Call Observation Dates if the underlier closes at or above its Initial Underlier Value, in which case holders receive principal plus any due Contingent Coupons. If not called, quarterly Contingent Coupons are payable only when the underlier is at or above the Coupon Threshold on the preceding observation date; unpaid coupons carry forward and are payable once if a later observation meets the threshold. At maturity, if the Final Underlier Value is below the Barrier Value, payment is reduced pro rata by the Underlier Return and holders may lose a substantial portion or all of principal. All payments are subject to RBC credit risk. This summary is qualified by the detailed risk, tax and distribution disclosures in the pricing supplement.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an unequally weighted basket of five international indices. The Notes are offered at a public offering price equal to $1,000 per $1,000 principal amount with an underwriting discount of 3.50% (proceeds to the Bank: 96.50%). The Trade Date is March 26, 2026, the Issue Date is March 31, 2026, the Valuation Date is March 26, 2031 and the Maturity Date is March 31, 2031.
The Notes pay at least 110% of principal if automatically called (call observation on April 1, 2027 with settlement on April 6, 2027). If not called, the Participation Rate at maturity is 150%, the Barrier Value is 75% of the Initial Basket Value (Initial Basket Value set to 100 on the Trade Date), and payments vary by final Basket performance; investors may lose a substantial portion or all principal if the Final Basket Value is below the Barrier Value. The issuer’s credit risk, initial estimated value range ($900–$950 per $1,000), and other risks are disclosed in the pricing supplement.
Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index. The Notes have a $1,000 principal amount per Note, Trade Date March 31, 2026, Issue Date April 6, 2026, Valuation Date April 2, 2029 and Maturity Date April 5, 2029. If the Final Underlier Value is greater than the Initial Underlier Value, investors receive $1,000 + ($1,000 × Underlier Return × 105%); if not, investors receive $1,000. Payments are subject to the Bank’s credit risk. The public offering price is 100% (less a 1% underwriting discount); the issuer’s estimated initial value is stated between $919.00 and $969.00 per $1,000 principal amount.
Royal Bank of Canada is offering five separate Auto-Callable Contingent Coupon Barrier Notes (the "Notes"), each linked to a single-equity Underlier: KKR, NIKE (Class B), Oracle, United Airlines, and Workday. The Trade Date is March 16, 2026, Issue Date March 19, 2026, Valuation Date March 16, 2029 and Maturity Date March 21, 2029.
The public offering price is 100.00% of principal with underwriting discounts of 2.50% (proceeds to issuer 97.50%). Contingent Coupon Rate ranges are: KKR 10.25%-11.25%, NKE 10.50%-11.50%, ORCL 13.50%-14.50%, UAL 11.00%-12.00%, WDAY 11.00%-12.00%. Coupon payment and automatic call features are quarterly; automatic calls start on the Call Observation Date of September 16, 2026. Barrier/Coupon Threshold levels are specified per Underlier (for example, KKR 55% of Initial Underlier Value, NKE 70%, ORCL 50%, UAL 50%, WDAY 55%).
The Notes pay contingent quarterly coupons subject to observation thresholds, may be automatically called if the Underlier equals or exceeds its Initial Underlier Value on a Call Observation Date, and expose holders to issuer credit risk and potential loss of principal if the Final Underlier Value is below the Barrier Value.
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 price at $1,000 per note with underwriting discounts of 2.50% (proceeds to the issuer 97.50%).
Trade Date is March 16, 2026, Issue Date March 19, 2026, Valuation Date March 18, 2030 and Maturity Date March 21, 2030. Contingent Coupons, if payable, are at least $20.75 per $1,000 (at least 8.30% per annum). Notes may be automatically called if, on a Call Observation Date, each Underlier closes at or above its Initial Underlier Value; if not called, principal at maturity depends on the Final Underlier Value of the Least Performing Underlier versus a Barrier equal to 70% of its Initial Underlier Value, which can result in a substantial loss of principal.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to the Russell 2000® Index. The Notes have a Trade Date of March 26, 2026, Issue Date March 31, 2026, a Valuation Date of March 26, 2029 and a Maturity Date of March 29, 2029. The Notes are auto-callable: if the Underlier closes at or above the Initial Underlier Value on the Call Observation Date, investors receive at least $1,100 per $1,000 principal amount on the Call Settlement Date.
Key economics: a Participation Rate of 150% at maturity if not called, a Barrier set at 75% of the Initial Underlier Value, an underwriting discount of 2.50%, minimum investment $1,000, and an initial estimated value expected between $918.00 and $968.00 per $1,000 principal amount, which is less than the public offering price.
Payments depend on final Underlier performance and are subject to Royal Bank of Canada credit risk; investors can lose a substantial portion or all of principal if the Final Underlier Value is below the Barrier. The Notes are not FDIC‑insured and involve secondary‑market, tax, and liquidity risks described in the pricing supplement.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five U.S. bank stocks.
Each $1,000 principal note is sold at par with a 1.00% underwriting discount, an initial estimated value between $922.01 and $972.01, a 150% participation rate, a 70% barrier and an early automatic call paying $1,160 if the Basket on the Call Observation Date is at or above the Initial Basket Value.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The Notes have a Trade Date of March 31, 2026, Issue Date April 6, 2026, Valuation Date March 31, 2028 and Maturity Date April 5, 2028. Per $1,000 principal, the Notes pay: if the Final Underlier Value > Initial Underlier Value, $1,000 plus the lesser of (Underlier Return × 300%) and the Maximum Return (to be set on the Trade Date between 21% and 23%); if Final ≥ Buffer Value (85% of Initial), return of $1,000; if Final < Buffer Value, $1,000 × (1 + Underlier Return + 15% Buffer Percentage).
The public offering price is 100.00% of par; underwriting discount is 1.00%. The issuer’s estimated initial value is between $926.80 and $976.80 per $1,000 principal. All payments are subject to the issuer’s credit risk.
Royal Bank of Canada is offering $1,000-denominated Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Tesla, Inc. The Notes trade with a Contingent Coupon of $32.50 per $1,000 (3.25% per quarter; 13.00% per annum), a Trade Date of February 27, 2026, Issue Date of March 4, 2026, a Valuation Date of August 27, 2027, and a Maturity Date of September 1, 2027. If on any Call Observation Date the Underlier closes at or above its Initial Underlier Value, the Notes will be automatically called and pay principal plus the Contingent Coupon and any unpaid Contingent Coupons. If not called, maturity payment depends on whether the Final Underlier Value is at or above the Barrier (50% of the Initial Underlier Value); if below, investors suffer a loss proportional to the Underlier Return. Initial estimated value is expected between $922.00 and $972.00 per $1,000; public offering price is 100.00% with underwriting discounts of 1.75%.
Royal Bank of Canada is offering Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of ASML, Salesforce (CRM) and Intuit (INTU). The Notes have a $1,000 principal amount per Note, a Contingent Coupon of 1.1792% per month (14.15% per annum) if each Underlier meets its monthly Coupon Threshold, and a Barrier equal to 50% of each Initial Underlier Value. The Strike Date is February 25, 2026, Issue Date March 2, 2026, Valuation Date February 26, 2029 and Maturity Date March 1, 2029. If the Least Performing Underlier finishes below its Barrier, principal at maturity is reduced pro rata by the Underlier Return; if at or above the Barrier, investors receive par plus any payable Contingent Coupons. The initial estimated value per $1,000 principal amount is $964.15, which is less than the public offering price. All payments are subject to the Bank's credit risk.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five U.S. bank stocks. The Notes have a Trade Date of March 26, 2026, an Issue Date of March 31, 2026, a Valuation Date of March 26, 2029 and a Maturity Date of March 29, 2029.
The Notes pay $1,120 per $1,000 if the Basket is at or above the Initial Basket Value on the Call Observation Date (April 8, 2027). At maturity (if not called) the Notes provide a Participation Rate of 150% for positive Basket returns, a Barrier at 70% of the Initial Basket Value, and full downside exposure below the Barrier. The public offering price is 100% with underwriting discounts of 2.50% and an estimated initial value between $900.88 and $950.88 per $1,000 principal amount.
Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500® Index with a Trade Date of March 26, 2026, Issue Date March 31, 2026 and Maturity Date March 30, 2028. The notes pay at maturity based on the Underlier Return with a Participation Rate of 100%, a Maximum Upside Return of 18% (maximum payoff $1,180 per $1,000) and a Buffer Percentage of 10%.
The public offering price is 100.00% with underwriting discounts of 2.25% and proceeds to the Bank of 97.75%. Payments are subject to the Bank’s credit risk and valuation/settlement dates are subject to postponement as noted in the product supplement.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the VanEck Semiconductor ETF and the SPDR S&P Oil & Gas E&P ETF. The Notes are offered at a public offering price of $1,000 per $1,000 principal amount with an underwriting discount of 1.00%. The initial estimated value is expected to be between $900.00 and $950.00 per $1,000.
The Notes pay a quarterly Contingent Coupon of $41.875 per $1,000 (equivalent to 16.75% per annum) only if, on each relevant observation date, both underliers are at or above their 65% Coupon Threshold/Barrier. The Notes are callable quarterly if both underliers close at or above their Initial Underlier Values; if not called, maturity payments depend on the Final Underlier Value of the least performing underlier versus its Barrier Value (65% of Initial Underlier Value). If the least performing underlier finishes below its Barrier, principal can be substantially reduced or lost. Key dates: Strike Date February 26, 2026, Issue Date March 4, 2026, Valuation Date February 26, 2029, Maturity Date March 1, 2029.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The Notes have a Participation Rate of 200%, a Buffer Percentage of 15% and a Maximum Return of 19% to 21%, producing a maximum payment of $1,190 to $1,210 per $1,000 principal amount. Trade Date is March 26, 2026, Issue Date March 31, 2026, Valuation Date March 27, 2028 and Maturity Date March 30, 2028 (subject to postponement). The public offering price is par ($1,000), underwriting discounts are 2.25%, and the initial estimated value is expected to be between $913.90 and $963.90 per $1,000. Payments at maturity depend on the Final Underlier Value: investors receive upside up to the Maximum Return, full principal if decline is within the 15% buffer, or a pro rata loss if the decline exceeds the buffer. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index. The Notes are sold at 100.00% of principal with underwriting discounts of 2.25%, leaving proceeds to the issuer of 97.75%. Trade Date is March 6, 2026 and Issue Date is March 11, 2026. The Notes pay a monthly contingent coupon of 1.00% per month (12.00% per annum) if the Underlier is at or above a Coupon Threshold equal to 75% of the Initial Underlier Value. The Notes are callable if the Underlier is at or above the Initial Underlier Value on a Call Observation Date; Valuation Date is September 6, 2028 and Maturity Date is September 11, 2028. At maturity, if the Final Underlier Value is below the Barrier Value (equal to 70% of the Initial Underlier Value) investors suffer a loss equal to the Underlier Return applied to principal. The initial estimated value is expected to be between $900.00 and $950.00 per $1,000 principal amount, which is less than the public offering price.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to three ETFs. The notes pay a quarterly $26.375 contingent coupon (10.55% per annum) if each Underlier is at or above a Coupon Threshold (75% of Initial Underlier Value) on observation dates. The Notes can be automatically called if all Underliers close at or above their Initial Underlier Value on a Call Observation Date; maturity principal depends on the Final Underlier Value of the least performing Underlier relative to its Barrier Value (60% of Initial Underlier Value). Public offering price is 100.00% with underwriting discounts of 0.60% (proceeds to RBC 99.40%); initial estimated value is expected between $923.00 and $973.00 per $1,000 principal amount.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes due February 27, 2046 with an annual interest rate of 5.10%, issued on February 27, 2026. The pricing supplement shows a total public offering price of $1,408,000, underwriting discounts of 2.12% ($29,849.60) and proceeds to the Bank of $1,378,150.40. The Notes are redeemable at the Bank’s option on any Call Date beginning on the Interest Payment Date scheduled for February 27, 2031, payable annually on February 27. The Notes are bail-inable under the Canada Deposit Insurance Corporation Act and include an agreement by holders to be bound by Canadian bail-in conversion provisions.
Royal Bank of Canada is offering contingent income auto-callable senior unsecured notes linked to Citigroup Inc. common stock due March 9, 2029. Each note has a $1,000 stated principal amount and may pay a contingent quarterly coupon of $25.70 (a 10.28% annualized rate) only if the underlier is at or above a 60% downside threshold on a determination date. The notes are automatically redeemed early if the underlier is at or above 100% on any non-final determination date, in which case holders receive the stated principal plus the contingent coupon. If not redeemed and the final underlier value is below the downside threshold, the maturity payment equals the stated principal multiplied by the underlier performance factor and could be less than 60% of principal or zero. All payments are subject to RBC credit risk; the initial estimated value was between $920.50 and $970.50 per security and the public offering price is $1,000 per security.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes with a total public offering price of $4,100,000. The Notes pay 4.10% per annum semiannually, mature on February 27, 2031, and are callable on the interest payment date of February 27, 2028 and each interest payment date thereafter.
The Notes are bail-inable under the Canadian CDIC Act and are subject to the Bank's credit risk, customary underwriting discounts, and the supplemental plan of distribution described in this pricing supplement.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Devon Energy Corporation (DVN). The Trade Date is February 27, 2026 and Issue Date is March 4, 2026. The notes have a Valuation Date of February 28, 2028 and a Maturity Date of March 2, 2028.
The notes pay a Contingent Coupon if the Underlier on the relevant observation date is at or above a Coupon Threshold equal to 60% of the Initial Underlier Value. If payable, the Contingent Coupon is at least $27.50 per $1,000 principal (at least 2.75% per quarter / 11.00% per annum). The notes are auto-callable on quarterly observation dates if the Underlier is at or above the Initial Underlier Value; called notes pay principal plus the contingent coupon otherwise due. If not called and the Final Underlier Value is below the Barrier (60% of initial), investors receive a Physical Delivery Amount of DVN shares per $1,000, which may be worth substantially less than principal. All payments are subject to RBC credit risk.
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 are offered at a public offering price of $1,000 per $1,000 principal amount with an underwriting discount of 1.00% (proceeds to the Bank 99.00%). The Trade Date is March 10, 2026, Issue Date March 13, 2026, Valuation Date March 12, 2029 and Maturity Date March 15, 2029. If payable, the Contingent Coupon is $28.75 per $1,000 (2.875% per quarter; 11.50% per annum). The Coupon Threshold and Barrier Value equal 70% of each Initial Underlier Value. Notes will be automatically called if, on a Call Observation Date, each Underlier closes at or above its Initial Underlier Value; upon call investors receive $1,000 plus the Contingent Coupon otherwise due. At maturity, if not called, payment depends on the Final Underlier Value of the Least Performing Underlier: full principal if at or above the Barrier Value; otherwise repayment is $1,000 plus $1,000 times the Underlier Return, which can result in substantial or total loss of principal. All payments are subject to the Bank’s credit risk and various tax and market risks described in the supplement.
Royal Bank of Canada is offering Barrier Digital Notes linked to the least performing of the MSCI Emerging Markets Index and the EURO STOXX 50® Index, with a Trade Date of March 26, 2026, Issue Date of March 31, 2026 and Maturity Date of March 31, 2031.
Each $1,000 note pays at maturity based on the Least Performing Underlier: if the Final Underlier Value ≥ Initial, you receive $1,000 plus the greater of the Underlier Return or a Digital Return of 56%; if Final < Initial but ≥ Barrier (70% of Initial), you receive $1,000; if Final < Barrier you receive $1,000 plus the Underlier Return (risking substantial principal loss). The notes are unsecured senior debt and subject to the issuer's credit risk and secondary-market illiquidity.
Royal Bank of Canada offers Autocallable Strategic Accelerated Redemption Securities® (STARs®) linked to an international equity index basket, due March, 2029. The notes have a $10.00 principal amount per unit, a public offering price of $10.00 per unit, an underwriting discount of $0.20 per unit and net proceeds to RBC of $9.80 per unit. The initial estimated value on the pricing date is expected to be between $9.03 and $9.53 per unit.
The notes are senior, unsecured obligations of RBC and are subject to RBC credit risk. They are autocallable on three scheduled Observation Dates (approximately one, two and three years after pricing) if the Basket Observation Level equals or exceeds the Call Level (100% of Starting Value). If not called and the Ending Value is below the Threshold (100% of Starting Value), principal loss may occur. The Basket comprises SX5E, UKX, NKY, SMI, AS51 and XIN0I with initial weights of 40.00%, 20.00%, 20.00%, 7.50%, 7.50% and 5.00%, respectively.
Royal Bank of Canada is offering Enhanced Return Barrier Notes linked to an unequally weighted basket of five international equity indices, issued with a Participation Rate of 155% and a Barrier set at 75% of the Initial Basket Value.
The Trade Date is February 24, 2026, Issue Date is February 27, 2026, and Maturity Date is February 28, 2031. The Notes pay per $1,000 principal: if the Final Basket Value is above the Initial Basket Value, investors receive $1,000 plus 155% of the Basket Return; if the Final Basket Value is between the Initial and the Barrier, investors receive $1,000; if the Final Basket Value is below the Barrier, investors bear the Basket Return and may lose a substantial portion or all principal.
The public offering price is $1,000 per $1,000 principal amount, with an initial estimated value of $956.97 per $1,000; all payments are subject to Royal Bank of Canada credit risk and limited secondary-market liquidity.
Royal Bank of Canada is offering $46,000 principal amount of Auto-Callable Contingent Coupon Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index, with Trade Date February 24, 2026, Issue Date February 27, 2026 and Maturity Date August 29, 2028. The notes pay a monthly Contingent Coupon of $9.583 per $1,000 principal (annualized 11.50%) when the Underlier on the preceding observation date is at or above the Coupon Threshold (75% of the Initial Underlier Value). The notes are auto-callable on designated quarterly Call Observation Dates if the Underlier meets or exceeds the Initial Underlier Value; called notes pay principal plus the contingent coupon then due. At maturity, if not called, full principal is returned when the Final Underlier Value is at or above the Barrier Value (70% of the Initial Underlier Value); if below the Barrier Value, investors receive $1,000 plus the Underlier Return, exposing principal to downside losses. The public offering price is 100.00% and underwriting commissions total 2.25%, yielding proceeds to the Bank of $44,965.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes with a total public offering price of $5,540,000. The Notes pay interest at 5.05% per annum, begin annual interest payments on February 27, 2027, and mature on February 27, 2041.
The Notes are callable by the Bank on any Call Date beginning on the Interest Payment Date of February 27, 2031, and, if not called, pay principal and accrued interest at maturity. RBC Capital Markets will purchase the Notes at prices between $980.00 and $1,000.00 per $1,000 principal amount; underwriting discounts total 1.43%, with proceeds to the Bank of $5,460,778. Payments are subject to the Bank's credit risk and the Notes are subject to Canadian bail-in powers.
Royal Bank of Canada is offering non‑interest bearing structured notes linked to a weighted basket of five international indices with a trade date of February 24, 2026 and an original issue date of February 27, 2026. The notes mature on April 28, 2028, subject to adjustment.
The basket initial level is 100 and weights are EURO STOXX 50 40.00%, TOPIX 25.00%, FTSE 100 17.00%, SMI 11.00% and S&P/ASX 200 7.00%. Key economic terms include an upside participation rate of 250%, a cap level of 110.70% and a maximum settlement amount of $1,267.50 per $1,000 principal. A buffer protects declines down to 82.50% of the initial basket level; below that level principal is reduced per the stated formula. The initial estimated value is $992.41 per $1,000 and the original issue price is 100.00%.
Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500 Index. The Notes are sold at par per $1,000 principal amount with an underwriting discount of 0.25%. Trade Date is February 27, 2026, Issue Date March 4, 2026, Valuation Date February 28, 2028 and Maturity Date March 2, 2028.
Key economic terms: Participation Rate 100%, Maximum Upside Return 16.50% (capping upside at $1,165 per $1,000), and an 80% Buffer Value (Buffer Percentage 20%). If the Final Underlier Value is between the Initial and Buffer Values, investors receive a positive return equal to the absolute value of the Underlier Return (capped at 20%). Initial estimated value is expected between $940.00 and $990.00 per $1,000 principal amount.
Royal Bank of Canada (RBC) is offering Accelerated Return Notes linked to the Russell 2000® Index with an approximately 14-month term. The notes provide 3-to-1 participation in upside subject to a Capped Value representing a 15.50% to 19.50% return, and 1-to-1 downside exposure with 100% of principal at risk. Payments occur only at maturity and are unsecured obligations subject to RBC credit risk. The public offering price is $10.00 per unit, the initial estimated value range at pricing is $9.13 to $9.63 per unit, the underwriting discount is $0.175 per unit and there is a hedging-related charge of $0.05 per unit. Secondary market liquidity is limited and the notes have no exchange listing. All terms, risks, tax treatment, and the final Capped Value will be set forth in the final term sheet.
Royal Bank of Canada is offering Accelerated Return Notes® linked to the Invesco S&P 500® Equal Weight ETF (RSP). The notes are senior unsecured debt with a principal amount of $10.00 per unit and a term of approximately 14 months, maturing in May 2027. They provide a 300% participation rate in positive Market Measure performance subject to a capped return of approximately 9.00% to 13.00% (the final Capped Value will be set on the pricing date). Downside exposure is 1-to-1, so investors can lose some or all principal; payments are subject to the credit risk of Royal Bank of Canada. The initial estimated value range at pricing is expected to be $9.20 to $9.70 per unit versus the public offering price of $10.00. Fees disclosed include an underwriting discount of $0.175 per unit and a hedging-related charge of $0.05 per unit.
Royal Bank of Canada is offering three separate Capped Return Dual Directional Buffer Notes, each linked to a different equity index: the Nasdaq-100 (NDX), Russell 2000 (RTY) and EURO STOXX 50 (SX5E). Each offering is for $1,000 principal notes issued February 27, 2026, maturing February 29, 2028, with a 15% buffer, a 100% participation rate (capped by a Maximum Upside Return specified per offering), and payments at maturity based on the Underlier Return relative to the Initial Underlier Value and Buffer Value.
The cover page shows public offering aggregates of $399,000 (NDX), $366,000 (RTY) and $66,000 (SX5E). The Initial Estimated Value per $1,000 principal is shown below the Maximum Upside Return and is less than the public offering price; all payments are subject to the Bank's credit risk.
Royal Bank of Canada is offering Capped Return Dual Directional Barrier Notes linked to the least performing of the Nasdaq-100 and S&P 500. The Notes trade on February 24, 2026, issue on February 27, 2026, have a valuation date of February 24, 2028 and mature on February 29, 2028. The Participation Rate is 100% subject to a 23% Maximum Upside Return, producing a capped maximum payment of $1,230 per $1,000 principal. The Barrier Value for each Underlier is 75% of its initial value; if the Least Performing Underlier finishes below its Barrier Value, investors can lose a substantial portion or all principal. The initial estimated value was $965.18 per $1,000 principal amount, below the public offering price of par. All payments are subject to Royal Bank of Canada credit risk and noted U.S. federal income tax characterization uncertainty.
Royal Bank of Canada is offering Capped Enhanced Return Dual Directional Buffer Notes linked to the lesser‑performing common stock of Advanced Micro Devices, Inc. and NVIDIA Corporation. The Notes have a Trade Date of February 24, 2026, an Issue Date of February 27, 2026, a Valuation Date of February 24, 2028 and a Maturity Date of February 29, 2028 (both dates subject to postponement).
Per $1,000 principal amount, the Notes pay: upside equal to the lesser of 150% of the Least Performing Underlier’s return and a 125% Maximum Upside Return (maximum payment $2,250); if the Least Performing Underlier declines but remains at or above the Buffer Value (25% buffer), investors receive a positive payment equal to the absolute value of the decline (capped at 25%); if the Least Performing Underlier falls below the Buffer Value, principal is reduced by the amount the Underlier declines beyond the buffer. The public offering price was 100.00% (underwriting discount 2.25%); the issuer’s initial estimated value was $952.91 per $1,000. All payments are subject to Royal Bank of Canada’s credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of the Russell 2000® and the EURO STOXX 50®. The Trade Date is February 24, 2026, Issue Date February 27, 2026, Valuation Date August 26, 2030 and Maturity Date August 29, 2030.
The Notes pay a quarterly contingent coupon of $20.375 per $1,000 (annualized 8.15%) when each Underlier meets its coupon threshold. The Notes are callable starting on the fourth coupon observation if each Underlier is at or above its Initial Underlier Value; if not called, principal repayment depends on the Final Underlier Value of the least performing Underlier relative to a Barrier set at 70% of its initial level. Investors may lose a substantial portion or all of principal; payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering five separate Auto-Callable Contingent Coupon Barrier Notes linked to the equity performance of Adobe, Albemarle, Arm, Micron and Tesla. The Trade Date is February 24, 2026, Issue Date February 27, 2026 and Valuation Date (final observation) February 23, 2029 with Maturity Date February 28, 2029. Each note pays a quarterly contingent coupon at the stated annual rate on the cover if the Underlier meets the Coupon Threshold on each observation date; unpaid coupons carry forward to the next payable date once. Each series is auto-callable on quarterly Call Observation Dates beginning August 26, 2026, if the Underlier is at or above its Initial Underlier Value; an automatic call pays principal plus any due coupons. If not called, maturity pay‑out is full principal if the Final Underlier Value is at or above the Barrier Value; if below the Barrier Value, investors receive a proportional loss equal to the Underlier Return, possibly losing a substantial portion or all principal. All payments are subject to Royal Bank of Canada credit risk; the pricing supplement highlights conflicts of interest, hedging practices, and tax uncertainties including potential withholding for Non‑U.S. holders.
Royal Bank of Canada offers Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of AMD, Broadcom, Marvell, NVIDIA and Oracle. The Trade Date is February 24, 2026, Issue Date February 27, 2026, Valuation Date February 26, 2029 and Maturity Date March 1, 2029. If automatically called on the Call Observation Date, holders receive $1,200 per $1,000 principal amount on the Call Settlement Date. At maturity (if not called) the Participation Rate is 150% and the Barrier Value is 65% of the Initial Basket Value. The initial estimated value is $953.66 per $1,000 principal amount; public offering price is par and the underwriting discount is 2.5%. All payments are subject to Royal Bank of Canada’s credit risk.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to MP Materials Corp. common stock. Each $1,000 note is being sold at par and has an Initial Underlier Value of $58.44 and a Buffer Value of $43.83 (75% of initial). The notes mature March 1, 2029, with a valuation date of February 26, 2029.
Payments at maturity depend on the Final Underlier Value: investors receive 200% participation in positive returns subject to a Maximum Return of 96% (capped payment $1,960 per $1,000). If the Final Underlier Value is between the Initial Underlier Value and the Buffer Value, principal is returned. If the Final Underlier Value is below the Buffer Value, losses occur equal to (Underlier Return + Buffer Percentage of 25%) applied to principal. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Enhanced Return Barrier Notes linked to an unequally weighted basket of five international equity indices. The Notes are issued at par with a public offering price showing $250,000 aggregate on the cover table and an initial estimated value of $956.97 per $1,000 principal amount.
The Notes have a Participation Rate of 155%, a Barrier equal to 75 (75% of the Initial Basket Value), Trade Date February 24, 2026, Issue Date February 27, 2026, Valuation Date February 25, 2031, and Maturity Date February 28, 2031. If the Final Basket Value exceeds the Initial Basket Value, holders receive $1,000 plus 155% of the Basket Return; if the Final Basket Value is below the Barrier, holders bear linear downside on principal. All payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering two separate Capped Enhanced Return Buffer Notes linked to the Nasdaq-100 Index (NDX) and the Russell 2000 Index (RTY). Each offering has independent terms. Trade Date is February 24, 2026, Issue Date February 27, 2026, Valuation Date February 24, 2028 and Maturity Date February 29, 2028.
Each Note features a Participation Rate of 150%, a Buffer Percentage of 10%, and an index-specific Maximum Return shown on the cover (20.50% for NDX; 23% for RTY). Payment at maturity depends on the Final Underlier Value relative to the Initial Underlier Value and the Buffer Value (90% of the initial value). All payments are subject to the Bank's credit risk; secondary market liquidity and transaction costs may be material.
Royal Bank of Canada is offering $1,279,000 Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The Notes pay at maturity either upside participation or principal protection subject to a buffer and a cap.
Key terms: Trade Date February 24, 2026, Issue Date February 27, 2026, Valuation Date February 24, 2028, Maturity Date February 29, 2028. Participation Rate is 200% (subject to a Maximum Return 20%), Buffer Percentage is 15%, and the Buffer Value equals 85% of the Initial Underlier Value. Payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five major U.S. bank stocks. The offering shows a total price to public of $1,179,000 and an initial estimated value of $945.62 per $1,000 principal amount. The Notes have a Trade Date of February 24, 2026, an Issue Date of February 27, 2026, a Valuation Date of February 26, 2029 and a Maturity Date of March 1, 2029.
If the Basket on the Call Observation Date (March 9, 2027) is >= the Initial Basket Value, the Notes will be automatically called for $1,110 per $1,000 (111%). If not called, maturity payoffs depend on the Final Basket Value versus a Barrier Value of 70 (70% of Initial Basket Value) and a Participation Rate of 150%. All payments are subject to the Bank’s credit risk.
Royal Bank of Canada offers principal‑at‑maturity Notes linked to a 10‑stock equally weighted Basket. The Notes are being sold at $1,000 per $1,000 principal amount with an aggregate public offering of $1,390,000.
Key dates: Trade Date February 24, 2026, Issue Date February 27, 2026, Valuation Date August 25, 2031, Maturity Date August 28, 2031. The Participation Rate is 100%. The initial estimated value was $974.07 per $1,000, and underwriting discounts total 3.901% ($54,225), leaving proceeds to the Bank of $1,335,775.
At maturity investors receive $1,000 plus the Basket Return times the Participation Rate if the Final Basket Value is greater than the Initial Basket Value; if not, investors receive $1,000. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Market Linked Securities—auto-callable notes due August 29, 2029 linked to the lowest performing common stock of Apple Inc., Amazon.com, Inc. and Palo Alto Networks, Inc.. The original offering price is $1,000.00 per security and the initial estimated value on the pricing date is $971.68 per security. The notes pay a contingent monthly coupon at a 13.50% per annum rate (with a memory feature) if the lowest performing underlying closes at or above its coupon threshold (60% of starting value) on a calculation day. The securities are subject to automatic call if the lowest performing underlying equals or exceeds its starting value on a monthly calculation day (first callable ≈ six months after issuance). If not called, maturity payment is either the face amount or the face amount multiplied by the performance factor of the lowest performing underlying; downside protection applies only to declines up to 40.00%. Payments are unsecured obligations of Royal Bank of Canada and 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 Microsoft Corporation. The Notes have a Trade Date of February 24, 2026, Issue Date of February 27, 2026, a Valuation Date of February 23, 2029 and a Maturity Date of February 28, 2029.
Key economic terms: initial underlier value $389.00, Coupon Threshold and Barrier Value equal to 75% of that value (291.75). Contingent Coupon is $25 per $1,000 principal (2.50% per quarter; 10% per year) payable on each Coupon Payment Date only if the Underlier meets the Coupon Threshold on the prior observation. The Notes are automatically called if the Underlier closing on a Call Observation Date is at or above the Initial Underlier Value; investors then receive principal plus the Contingent Coupon otherwise due.
At maturity, if not called, investors receive $1,000 if the Final Underlier Value is at or above the Barrier Value; if below the Barrier Value, payment equals $1,000 plus $1,000×Underlier Return (which can cause a substantial loss). The initial estimated value was $960.39 per $1,000; public offering price is 100% and underwriting discount is 2.411%.
Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index, with a total public offering amount of $1,907,000. The Notes mature on August 29, 2029 with a valuation date of August 24, 2029.
Per $1,000 principal, investors receive at maturity either $1,000 + ($1,000 × Underlier Return × 105%) if the Final Underlier Value is greater than the Initial Underlier Value, or $1,000 if it is less than or equal to the Initial Underlier Value. The Initial Underlier Value is 3,816.48 (closing on the Trade Date). The initial estimated value is $955.97 per $1,000, below the public offering price; underwriting discounts total 2.492% and proceeds to RBC are $1,859,470. All payments are subject to RBC credit risk and the Underlier is reduced by a 0.5% per annum decrement plus transaction and funding costs.
Royal Bank of Canada is offering four separate Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon, each linked to a single equity underlier: AMZN (principal amount offered $4,601,000), BX ($3,798,000), DOCU ($1,437,000) and SLB ($605,000).
Each series has its own Contingent Coupon Rate (10.25%–14.50% per annum), quarterly observation and payment dates, an automatic call feature if the underlier on a Call Observation Date is at or above its Initial Underlier Value, and a maturity payment that can return less than principal if the Final Underlier Value is below the stated Barrier Value. Trade Date is February 24, 2026, Issue Date February 27, 2026, Valuation Date February 23, 2029 and Maturity Date February 28, 2029. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes totaling $2,100,000 linked to the common stock of Microsoft Corporation due August 27, 2027. The notes pay a 13.25% per annum contingent quarterly coupon if Microsoft closes at or above the Coupon Barrier (set at $291.75, which is 75% of the Initial Underlying Value). The Initial Underlying Value was set at $389.00 on the February 24, 2026 trade date.
If the underlying meets the Call Observation criterion on any quarterly Call Observation Date, the notes will be automatically called and pay principal plus the contingent coupon for that quarter. If not called, maturity repayment depends on the Final Underlying Value observed on August 24, 2027: full principal plus final contingent coupon if the Final Underlying Value is at or above the Downside Threshold ($291.75); otherwise a reduced cash payment equal to $10 + ($10 × Underlying Return), exposing investors to up to 100% principal loss. Payments are subject to the issuer’s creditworthiness. The offering is in denominations of $10 with a $1,000 minimum investment.
Royal Bank of Canada is offering Capped Enhanced Return Dual Directional Buffer Notes linked to the VanEck Gold Miners ETF. The Notes have a Trade Date of February 24, 2026, an Issue Date of February 27, 2026, a Valuation Date of February 26, 2029 and a Maturity Date of March 1, 2029.
The economic terms per $1,000 principal amount include a Participation Rate of 200% (subject to a Maximum Upside Return of 47%), a Buffer Percentage of 20% (Buffer Value equals 80% of the Initial Underlier Value), an initial estimated value of $939.52 and a public offering price at par. Payments at maturity vary by the Final Underlier Value relative to the Initial Underlier Value and Buffer Value; all payments are subject to the Bank's credit risk.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the S&P 500 Index with a total public offering amount of $1,331,000.
The notes have a Trade Date of February 24, 2026, an Issue Date of February 27, 2026, a Valuation Date of February 24, 2028 and a Maturity Date of February 29, 2028. They pay at maturity either principal plus a capped upside (a 125% Participation Rate subject to an 18% Maximum Return) or, if the Underlier falls below a Buffer Value equal to 90% of the Initial Underlier Value, a reduced payment that absorbs losses net of a 10% buffer. All payments are subject to the issuer's credit risk and the initial estimated value per $1,000 principal amount was $967.00, below the public offering price.