ROYAL BK CDA QUEN PFD 424B Filings

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500® with a total public offering of $3,412,000. The Notes pay up to an 18% capped upside and provide a 10% downside buffer; final payout depends on the Final Underlier Value on the Valuation Date. Trade Date is February 24, 2026, Issue Date is February 27, 2026, Valuation Date is February 24, 2028 and Maturity Date is February 29, 2028. The initial estimated value is $966.09 per $1,000 principal amount, below the public offering price, and all payments are subject to the Bank's credit risk.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the lesser-performing of the VanEck Semiconductor ETF and the State Street SPDR S&P Oil & Gas Exploration & Production ETF. The Notes have a Trade Date of February 26, 2026, an Issue Date of March 3, 2026, and a stated Maturity/Valuation anchor with a Valuation Date of February 26, 2029 and a Maturity Date of March 1, 2029.

The Notes pay a quarterly Contingent Coupon of $46.25 per $1,000 principal (a 18.50% per annum rate, if payable) when each Underlier meets its Coupon Threshold. The Barrier and Coupon Threshold are each 70% of the Initial Underlier Value. The Notes are automatically called and redeemed early if, on any Call Observation Date, both Underliers close at or above their Initial Underlier Values; called holders receive principal plus the Contingent Coupon otherwise due. If not called, at maturity investors receive $1,000 if the Least Performing Underlier is at or above its Barrier; otherwise repayment equals $1,000 plus the Underlier Return (which can result in a substantial or total loss of principal). The public offering price is 100.00% (less a 1.00% underwriting discount), and the initial estimated value before pricing is stated between $900.00 and $950.00 per $1,000 principal amount.

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 February 24, 2026, Issue Date February 27, 2026, Valuation Date February 26, 2029 and Maturity Date March 1, 2029.

If called on the Call Observation Date, the Notes pay $1,100 per $1,000 (110%). At maturity the Notes pay: participation of 140% of positive Underlier Return, full principal if final value ≥ the Barrier (75% of initial), or a loss equal to the Underlier Return if final value < the Barrier. All payments are subject to the Bank’s credit risk.

Royal Bank of Canada is offering Barrier Digital Notes totaling $4,319,000 linked to the performance of the least performing of the MSCI Emerging Markets Index and the EURO STOXX 50® Index. The Notes trade on February 24, 2026, issue on February 27, 2026, and mature on February 27, 2031.

Per $1,000 principal, the public offering price is $1,000 and the initial estimated value is $942.89. At maturity the payoff depends on the Least Performing Underlier: if its Final Underlier Value ≥ Initial Underlier Value you receive $1,000 plus the greater of the Underlier Return or the Digital Return of 57%; if the Final Value is below initial but ≥ the Barrier (70% of initial) you receive $1,000; if below the Barrier you receive $1,000 plus the Underlier Return (which can result in substantial loss).

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 have a Trade Date of February 24, 2026, Issue Date February 27, 2026, Valuation Date February 25, 2030 and Maturity Date February 28, 2030. If payable, the Contingent Coupon is $21.25 per $1,000 each quarter (8.50% per annum). The Coupon Threshold and Barrier for each Underlier is 70% of its Initial Underlier Value. The notes are callable quarterly beginning on the fourth Coupon Observation Date if each Underlier is at or above its Initial Underlier Value. The public offering price is $1,000 per $1,000 principal and the initial estimated value was $956.71 per $1,000.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to the Class A common stock of Vertiv Holdings Co (VRT). The Notes have a Trade Date of March 10, 2026, Issue Date March 13, 2026, Valuation Date September 10, 2027 and Maturity Date September 15, 2027.

If not called, the Notes pay a contingent coupon of $35.625 per $1,000 principal each quarter when the Underlier is at or above the Coupon Threshold; this equals 14.25% per annum when payable. The Notes include a 35% buffer and a Downside Multiplier of approximately 1.53846. The initial estimated value is stated as between $916.00 and $966.00 per $1,000, with a public offering price of 100.00% and underwriting discount of 1.875%. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the Russell 2000Index. Each note has a Participation Rate of 200%, a Buffer Percentage of 10% and a Maximum Return of at least 23.60%. The Trade Date is February 27, 2026, Issue Date March 4, 2026, Valuation Date February 28, 2028 and Maturity Date March 2, 2028. At maturity investors receive upside up to the Maximum Return or full principal if the final index value is at or above the 90% Buffer Value; if the final index value is below the Buffer Value, principal is reduced by the underlier loss net of the 10% buffer. All payments are subject to the issuer's credit risk.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index. The public offering price is $1,000 per $1,000 principal amount (total shown $1,264,000), with proceeds to the Bank of $1,222,920. The Notes pay a quarterly contingent coupon of 3.375% (annualized 13.50%) when the Underlier is at or above a Coupon Threshold (75% of the initial level). The Notes feature a 15% Buffer: at maturity investors receive principal if the Final Underlier Value is at or above the Buffer Value (85% of the initial level); otherwise maturity payment equals $1,000 plus $1,000×(Underlier Return + 15%), which can result in material principal loss. Trade Date is February 24, 2026, Issue Date February 26, 2026, Valuation Date February 24, 2031, and Maturity Date February 27, 2031. The initial estimated value is $934.41 per $1,000 principal amount, below the public offering price. All payments are subject to the Bank’s credit risk and the Notes are unsecured senior debt.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to the Class A common stock of Vertiv Holdings Co. The Notes trade on Trade Date March 10, 2026, issue on March 13, 2026, with valuation on September 10, 2027 and maturity on September 15, 2027.

The Notes pay a quarterly Contingent Coupon of $43.75 per $1,000 (a 4.375% quarterly / 17.50% annualized rate) only if the Underlier closing value meets or exceeds the Coupon Threshold on the preceding observation date. They are auto-callable if the Underlier is at or above its initial value on a Call Observation Date, in which case investors receive $1,000 plus due coupons on the Call Settlement Date.

At maturity, if not called and the Final Underlier Value is at or above the Buffer Value (65% of the Initial Underlier Value), investors receive $1,000. If below the Buffer Value, principal is reduced per the formula using a Buffer Percentage of 35% and a Downside Multiplier of approximately 153.846% (1.53846), meaning investors can lose some or all principal. All payments are subject to RBC credit risk.

Royal Bank of Canada is offering auto-callable, principal-at-risk market-linked securities tied to the lowest performing of Microsoft Corporation and Qualcomm Incorporated. The securities have a face amount of $1,000 per security, an initial estimated value of $900–$950 per security, and a contingent coupon rate to be set on the pricing date at a minimum of 19.00% per annum. Pricing date is March 5, 2026, issue date March 10, 2026, and stated maturity is March 8, 2029. Quarterly calculation days determine contingent coupons and automatic call features; downside protection is conditional and capped at a 30% buffer (70% downside threshold). Payments depend on the lowest performing underlying; holders bear Royal Bank of Canada credit risk and may lose some or all principal.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the XLK and XOP ETFs. The Notes pay a Contingent Coupon of $41.25 per $1,000 (a 4.125% quarterly rate; 16.50% annualized) when each Underlier meets its Coupon Threshold on observation dates.

Key dates: Strike Date February 24, 2026, Trade Date February 26, 2026, Issue Date March 3, 2026, Valuation Date February 26, 2029, Maturity Date March 1, 2029. Initial Underlier Values: XLK $140.32 (Barrier/Coupon Threshold $105.24); XOP $149.56 (Barrier/Coupon Threshold $112.17). The Notes are callable quarterly if both Underliers close at or above their Initial Underlier Values on a Call Observation Date. If not called, principal repayment at maturity depends on the Final Underlier Value of the Least Performing Underlier relative to its Barrier (75% of Initial Underlier Value); a Final Underlier Value below the Barrier can result in substantial or total principal loss. Public offering price is 100.00% with underwriting discounts of 1.00%; the issuer expects initial estimated value between $910.00 and $960.00 per $1,000.

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 public offering price is 100.00% with underwriting discounts of 2.25% (proceeds to RBC 97.75%). The Trade Date is March 5, 2026, Issue Date March 10, 2026, Valuation Date March 6, 2028 and Maturity Date March 9, 2028.

Investors may receive a Contingent Coupon of $26.25 per $1,000 (a 2.625% quarterly rate or 10.50% per annum) on each Coupon Payment Date if the Underlier is at or above the Coupon Threshold (set at 70% of the Initial Underlier Value). The Notes are automatically called if, on a Call Observation Date, the Underlier is at or above the Initial Underlier Value; if called, holders receive principal plus the Contingent Coupon then due. At maturity, if not called, holders receive $1,000 if the Final Underlier Value is >= the Barrier Value (set at 65% of the Initial Underlier Value); if below the Barrier Value, the payment equals $1,000 plus $1,000×Underlier Return, which can result in substantial principal loss. The initial estimated value is expected to be between $900.00 and $950.00 per $1,000.

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 pay a contingent quarterly coupon of $27.50 per $1,000 (an annualized 11.00%) when each Underlier meets its Coupon Threshold. The Notes are callable quarterly if each Underlier is at or above its Initial Underlier Value; if called, investors receive $1,000 plus the contingent coupon otherwise due. If not called, maturity outcomes depend on the Least Performing Underlier relative to a Barrier equal to 70% of its Initial Underlier Value; if the Least Performing Underlier is below that Barrier, principal is reduced pro rata (for example, a -50.00% Underlier Return yields a $500 payment). All payments are subject to RBC credit risk and certain terms are "subject to postponement".

Royal Bank of Canada is offering structured, non‑interest notes linked to a weighted basket of five international equity indices with a term expected to be between 26 and 29 months from the trade date. The basket weights are EURO STOXX 50 40%, TOPIX 25%, FTSE 100 17%, SMI 11% and S&P/ASX 200 7%. The notes pay at maturity based on the basket return, with an upside participation rate of 250%, a buffer level of 82.50% and a cap that produces a maximum settlement amount expected between $1,229.50 and $1,270.00 per $1,000 principal. If the final basket level is at or above the buffer but below the cap, investors receive at least principal; below the buffer the investor suffers losses, potentially losing most or all principal. The notes are unsubordinated senior debt, bear no interest, will not be listed, and are subject to issuer credit risk. The initial estimated value is expected to be between $958.80 and $988.80 per $1,000 principal.

Royal Bank of Canada is offering market-linked, auto-callable senior notes due March 2, 2028 linked to the lowest performing common stock of Amazon, Emerson Electric and Microsoft. Each security has a $1,000 face amount.

The notes pay a quarterly contingent coupon (contingent coupon rate ≥ 13.90% per annum) if the lowest performing underlying on each calculation day is ≥ its coupon threshold (equal to 60% of starting value). The notes are auto-callable on certain quarterly dates if the lowest performing underlying is ≥ its starting value. If not called, maturity pay depends on the lowest performing underlying on the final calculation day: you receive $1,000 if that lowest underlying is ≥ its downside threshold (equal to 60% of starting value); if below, you suffer full downside exposure and may lose more than 40%, possibly all, of the face amount.

The pricing date is February 27, 2026, issue date March 4, 2026, initial estimated value range $916.00 to $966.00 per security and original offering price $1,000.00 (proceeds to issuer $976.75 per security). All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering Barrier Digital Notes linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index. The Trade Date is February 20, 2026, Issue Date is February 25, 2026 and Maturity Date is February 25, 2032. The Notes pay at maturity based on the Least Performing Underlier: full principal plus the greater of the Underlier Return or a Digital Return of 63% if the Final Underlier Value ≥ Initial Underlier Value; full principal if Final ≥ Barrier (60% of Initial); or a loss equal to the Underlier Return if Final < Barrier. Initial Underlier Values: SPX 6,909.51 and SX5E 6,131.31; Barrier Values are 60% of those figures. Public offering price is 100.00% (aggregate $4,220,000); underwriting discount 3.35% and proceeds to issuer $4,078,630. The initial estimated value is $949.52 per $1,000 principal. All payments are subject to the Bank's credit risk and a range of risks are summarized in the pricing supplement.

Royal Bank of Canada is offering Capped Enhanced Return Barrier Notes linked to the State Street SPDR S&P Oil & Gas Exploration & Production ETF (the Underlier). The Notes price at 100.00% of par with underwriting discounts of 1.60% and proceeds to the Bank of 98.40%. The Trade Date is February 27, 2026, Issue Date March 4, 2026, Valuation Date February 28, 2028 and Maturity Date March 2, 2028.

Key economics: a 200% Participation Rate subject to a 45% Maximum Return (maximum payment $1,450 per $1,000 principal), a Barrier set at 70% of the Initial Underlier Value, and a Physical Delivery outcome of Underlier shares if the Final Underlier Value is below the Barrier. The initial estimated value is expected between $920.00 and $970.00 per $1,000 principal amount; market value and secondary-market liquidity may differ materially. All payments are subject to Royal Bank of Canada's credit risk.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Geared Buffer Notes linked to an equally weighted basket of CRWD, MSFT, PANW and SNOW. The Trade Date is February 27, 2026, Issue Date March 4, 2026, Valuation Date February 28, 2028 and Maturity Date March 2, 2028.

The Notes pay $1,212.50 per $1,000 if the Basket is at or above the Initial Basket Value on the Call Observation Date, with Call Settlement on March 17, 2027. If not called, the Notes provide a Participation Rate of 125% for positive Basket returns at maturity, a Buffer Value of 85 (15% buffer) and a Downside Multiplier of 100%/85% (≈1.17647). Price to public is 100% with underwriting discounts of 1.50%; certain fiduciary accounts pay $985 per $1,000. The initial estimated value is stated between $922.00 and $972.00 per $1,000.

Royal Bank of Canada is offering $1,765,000 of Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of the Russell 2000 Index, VanEck Semiconductor ETF and the State Street Utilities Select Sector SPDR ETF. The Notes pay a contingent quarterly coupon of $25.00 per $1,000 when each underlier is at or above its 70% coupon threshold, are auto-callable on quarterly observation dates beginning February 22, 2027 if each underlier is at or above its initial value, and mature May 23, 2030 with principal at risk if the least performing underlier is below its 60% barrier on the valuation date.

Royal Bank of Canada offers $650,000 of Auto-Callable Fixed Coupon Barrier Notes linked to the least performing of AMD, The Progressive and Exxon Mobil, with a Fixed Coupon of 12.20% per annum. The Trade Date is February 20, 2026, Issue Date February 25, 2026, and Maturity Date February 23, 2029.

The Notes pay a monthly Fixed Coupon of $10.167 per $1,000 principal amount and are auto-callable on specified quarterly Call Observation Dates if each Underlier equals or exceeds its initial closing value. If not called, repayment at maturity depends on the Least Performing Underlier: full principal if its Final Underlier Value is ≥ its Barrier Value (50% of initial), or physical delivery of shares equal to the Physical Delivery Amount if below the Barrier Value. The public offering price is 100.00% and the initial estimated value is $960.53 per $1,000.

Royal Bank of Canada is offering $10,083,000 in Auto-Callable Enhanced Return Geared Buffer Notes linked to a four-stock basket. The Notes have a Trade Date of February 20, 2026, Issue Date February 25, 2026, Valuation Date February 22, 2028 and Maturity Date February 25, 2028.

If the Notes are automatically called based on the Call Observation Date, holders receive $1,202.10 per $1,000 principal (120.21%). If not called, the Notes pay at maturity using a Participation Rate of 125%, a Buffer Value of 85% (Buffer Percentage 15%) and a Downside Multiplier of approximately 117.647%.

Royal Bank of Canada is offering Enhanced Return Buffer Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index. The offering priced at a public offering price of $1,245,000 in aggregate and has an initial estimated value of $960.67 per $1,000 note.

Key terms: Trade Date February 20, 2026, Issue Date February 25, 2026, Valuation Date February 20, 2031, Maturity Date February 25, 2031. The Notes pay at maturity based on the Underlier Return with a 195% Participation Rate and a 15% Buffer; principal is at risk if the Final Underlier Value is below the Buffer Value.

Royal Bank of Canada offers Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation stock. The notes have a term to August 27, 2027, pay a quarterly contingent coupon set at 12.25% to 13.25% per annum if observation-date thresholds are met, and are automatically called early if the Underlying reaches the Initial Underlying Value on any quarterly call observation date.

The notes pay principal at maturity only if the Final Underlying Value is at or above the Downside Threshold (stated as 75% of the Initial Underlying Value); otherwise repayment at maturity is reduced pro rata by the negative Underlying Return, and investors can lose up to 100% of principal. Offering price is $10.00 per note, underwriting commission is $0.15 per note, and the issuer’s initial estimated value is expected between $9.32 and $9.82 per note.

Royal Bank of Canada is offering $500,000 principal amount of Auto-Callable Fixed Coupon Barrier Notes linked to the least performing of Chevron, Halliburton and Valero common stock. The Notes pay a fixed monthly coupon of $7.167 per $1,000 (8.60% per annum), are callable on specified quarterly observation dates and mature on February 23, 2029. If not called, repayment at maturity depends on the Final Underlier Value of the least performing Underlier relative to its 50% barrier: investors receive full principal if that Final Underlier Value is >= barrier, or physical delivery of shares (or cash for fractional shares) if below the barrier. All payments are subject to the issuer’s credit risk and U.S. federal tax treatment described in the pricing supplement.

Royal Bank of Canada is offering $7,592,000 in Auto-Callable Fixed Coupon Barrier Notes linked to the common stock of Broadcom Inc. The Notes pay a Fixed Coupon of $9.833 per $1,000 (11.80% per annum), have an Initial Underlier Value of $332.65, a Barrier Value of $186.28 (56% of the initial), and a Physical Delivery Amount of 3.0062 shares per $1,000.

Trade Date is February 20, 2026, Issue Date February 25, 2026, Valuation Date March 22, 2027 and Maturity Date March 25, 2027. Call observations occur monthly beginning August 20, 2026. Initial estimated value is $975.00 per $1,000 versus public offering price at par; underwriting discount is 1.50%.

Royal Bank of Canada is offering $5,839,000 of Auto-Callable Contingent Coupon Barrier Notes linked to Broadcom Inc. common stock. The Notes pay a monthly contingent coupon of $12.417 per $1,000 ($14.90% annualized) when the Underlier meets the 53% Coupon Threshold on observation dates, are callable beginning August 20, 2026, mature May 25, 2027, and, if not called, pay either par or a physical delivery of Broadcom shares if the Final Underlier Value is below the Barrier.

The Notes price at par with an initial estimated value of $987.35 per $1,000 principal (less than the offering price), are unsecured obligations subject to RBC credit risk, and contain withholding and tax uncertainties for U.S. and non-U.S. holders as described in the pricing supplement.

Royal Bank of Canada is offering market-linked contingent fixed return securities due March 11, 2027 linked to the lowest performing common stock of Intel, Microsoft and Micron. Each security has a face amount of $1,000 and a contingent fixed return that will be set on the pricing date and will be at least 42.70% (at least $427.00 per security) if the lowest performing Underlying Stock closes on or above its threshold value on the calculation day.

The threshold for each Underlying Stock is 60% of its starting value. If the ending value of the lowest performing Underlying Stock is below that threshold, the maturity payment equals $1,000 plus the stock return of that lowest performing Underlying Stock, and holders may lose more than 40%, possibly all, of the face amount. The pricing date is February 27, 2026, the issue date is March 4, 2026, and the calculation day is March 8, 2027. The initial estimated value on the pricing date is expected to be between $902.00 and $952.00 per security. The original offering price is $1,000.00 with an agent discount of $23.25 and proceeds to RBC of $976.75 per security.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Caterpillar Inc. The Notes pay a contingent monthly coupon of $8.333 per $1,000 (10.00% per annum if payable), can be auto-called if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date, and mature on April 9, 2027 with physical delivery of shares if the Final Underlier Value is below the Barrier Value (60% of the Initial Underlier Value). The Trade Date is March 6, 2026 and the Issue Date is March 11, 2026. The pricing supplement discloses an initial estimated value range below the public offering price and highlights material risks, tax treatment uncertainties, conflict-of-interest disclosures, and that payments are subject to the Bank’s credit risk.

Royal Bank of Canada priced non‑interest notes tied to the EURO STOXX 50® Index. Each note has a $1,000 principal amount and will pay at maturity either a capped threshold settlement amount (expected between $1,128.70 and $1,151.40 per $1,000) if the final index level is ≥ 85.00% of the initial level, or a loss tied pro rata to any decline below that threshold. The notes have an initial estimated value per $1,000 expected between $965.20 and $995.20 and will not pay interest, be listed, or be redeemable prior to maturity. The determination date is expected to be between 21 and 24 months after the trade date; final terms will be set in the final pricing supplement.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Netflix, Inc. The notes price at 100.00% with underwriting discounts of 1.10% and proceeds to the issuer of 98.90%. The Trade Date is February 27, 2026, Issue Date March 4, 2026, Valuation Date February 28, 2028 and Maturity Date March 2, 2028.

The notes pay a Contingent Coupon of $33.125 per $1,000 (a quarterly rate of 3.3125%, annualized 13.25%) when the Underlier equals or exceeds a Coupon Threshold equal to 60% of the Initial Underlier Value. If a Call Observation Date shows the Underlier at or above the Initial Underlier Value, the notes will be automatically called and investors receive $1,000 plus the contingent coupon. If not called and the Final Underlier Value is below the Barrier (the same 60% level), investors receive a physical delivery of Netflix shares equal to $1,000 divided by the Initial Underlier Value; those shares may be worth significantly less than principal. All payments are subject to issuer credit risk and other risks described in the pricing supplement.

Royal Bank of Canada is offering auto-callable market-linked notes due February 23, 2029. Each security has a face amount of $1,000 and an initial estimated value of $953.45 per security, below the original offering price of $1,000. The notes pay a contingent monthly coupon at a rate of 10.40% per annum if the lowest performing underlier meets a coupon threshold on calculation days. The securities are linked to the lowest performing of three underliers (the ITA Fund, the MXEA Index and the XLE Fund), are subject to automatic call when the lowest performing underlier is at or above its starting value on certain observation dates, and expose holders to full downside risk if the lowest performing underlier falls below its downside threshold (70% of starting value). Payments are unsecured obligations of Royal Bank of Canada and are subject to the issuer's credit risk.

Royal Bank of Canada is offering structured senior notes maturing February 21, 2030, linked to a weighted basket of five international equity indices. The basket weights are EURO STOXX 50 40.00%, TOPIX 25.00%, FTSE 100 17.00%, SMI 11.00% and S&P/ASX 200 7.00%. The notes pay no interest and provide a cash settlement at maturity equal to principal plus the basket return multiplied by an upside participation rate of 173%, measured from the trade date February 19, 2026 to the determination date February 19, 2030. The initial estimated value on the trade date is $958.77 per $1,000; original issue price is 100.00% with an underwriting discount of 3.47% and aggregate principal of $1,880,000. The notes are senior unsecured obligations and subject to issuer credit risk; principal is at risk and the notes are not listed or redeemable prior to maturity.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the common stock of MP Materials Corp. The notes have a Participation Rate of 200%, a Maximum Return of 96% (maximum payment $1,960 per $1,000), and a Buffer Percentage of 25%.

Key dates: Trade Date February 24, 2026, Issue Date February 27, 2026, Valuation Date February 26, 2029, Maturity Date March 1, 2029. The public offering price is 100.00% with underwriting discounts of 2.35% and proceeds to the issuer of 97.65%. The initial estimated value is expected between $874.82 and $924.82 per $1,000 principal amount. If the Final Underlier Value falls below the Buffer Value (75% of the Initial Underlier Value), investors will suffer losses of principal.

Royal Bank of Canada is offering $1,618,000 principal amount of Dual Directional Buffer Digital Notes linked to the S&P 500® Index, maturing on March 24, 2027. The public offering price is 100.00% and proceeds to the issuer are $1,618,000, with an initial estimated value of $989.82 per $1,000 principal amount as of the Trade Date.

The Notes pay at maturity either (a) $1,000 plus a 7.10% Digital Return if the Final Underlier Value is at or above the Digital Barrier (92.90% of the Initial Underlier Value), (b) a positive payment equal to the absolute value of a negative Underlier Return if final value is below the Digital Barrier but at or above the Buffer (86% of Initial), capped at 14%, or (c) $1,000 plus $1,000 times (Underlier Return + 14%) if Final Underlier Value is below the Buffer, which can result in a loss of principal. All payments are subject to the Bank's credit risk.

Royal Bank of Canada is offering $2,005,000 Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of the Russell 2000® Index, the VanEck® Semiconductor ETF and the State Street® Utilities Select Sector SPDR® ETF.

The Notes trade Date is February 19, 2026, Issue Date February 24, 2026, and Maturity Date May 23, 2030. The public offering price is 100.00% ($1,000 per $1,000 principal), the initial estimated value is $959.92 per $1,000, and underwriting discounts equal 3.25%.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the EEM Fund, the Nikkei 225 Index and the EURO STOXX 50 Index. The offering shows a total public offering amount of $960,000 and proceeds to the Bank of $942,000. The Notes pay a contingent monthly coupon of $8.00 per $1,000 (an annualized 9.60% if paid), are callable monthly beginning on May 19, 2026, have a Trade Date of February 19, 2026, an Issue Date of February 24, 2026, a Valuation Date of August 19, 2027, and a Maturity Date of August 24, 2027. If not called, redemption depends on the Final Underlier Value of the least performing Underlier relative to a Barrier at 70% of its initial value; if below that barrier, principal is reduced pro rata to the Underlier Return.

Royal Bank of Canada is offering $3,787,000 principal amount of Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of Costco and Goldman Sachs common stock. The Notes price at $1,000 per unit (100.00%) with underwriting discounts of 2.00%, yielding proceeds to the Bank of $3,711,260. The Issue Date is February 24, 2026 and the Maturity Date is February 23, 2029. If payable, the Contingent Coupon is $22.50 per $1,000 (a quarterly rate of 2.25%, annualized 9.00%). The Initial Underlier Values are $987.82 (COST) and $916.65 (GS); each Barrier and Coupon Threshold equals 56.25% of its Initial Underlier Value. The issuer-determined initial estimated value was $976.63 per $1,000. Payments at maturity depend on the Final Underlier Value of the Least Performing Underlier and the Notes are subject to the Bank’s credit risk.

Royal Bank of Canada is offering Senior Global Medium‑Term Notes—market linked, auto‑callable securities with a contingent monthly coupon (with memory) and contingent downside principal at risk linked to the lowest performing common stock of Apple Inc., Amazon.com, Inc. and Palo Alto Networks, Inc.

Key terms: face amount $1,000 per security; pricing date February 24, 2026; issue date February 27, 2026; stated maturity August 29, 2029; contingent coupon rate determined on the pricing date and at least 13.50% per annum; coupon threshold and downside threshold equal to 60% of each Underlying Stock's starting value. Original offering price is $1,000.00, agent discount $20.75, and proceeds to Royal Bank of Canada per security $979.25. The initial estimated value on the pricing date is expected to be between $906.00 and $956.00 per security.

The securities may be automatically called if the lowest performing underlying closes on a monthly calculation day at or above its starting value during the call observation window (August 2026–July 2029). If not called, maturity payment depends on the final calculation day: if the lowest performing underlying's ending value is below its downside threshold (60% of starting value), investors will suffer principal loss proportionate to that underlying's performance. All payments are subject to Royal Bank of Canada's credit risk.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least-performing of three ETFs: the VanEck Semiconductor ETF, the State Street Utilities Select Sector SPDR ETF and the State Street SPDR S&P Metals & Mining ETF. The Trade Date is February 27, 2026, Issue Date March 4, 2026, Valuation Date February 27, 2029 and Maturity Date March 2, 2029.

The Notes pay a Contingent Coupon of $28.25 per $1,000 principal (equivalent to 2.825% per quarter; 11.30% per annum) when each Underlier is at or above a Coupon Threshold of 65% of its initial value on observation dates. The Notes are auto-callable if, on a Call Observation Date, each Underlier closes at or above its Initial Underlier Value; called investors receive $1,000 plus the Contingent Coupon otherwise due.

At maturity, if the Least Performing Underlier is below its Barrier Value of 50% of initial, the payoff is $1,000 plus the Underlier Return (which can result in substantial principal loss). The public offering price is 100.00% with underwriting discounts of 2.50%. The initial estimated value is expected between $890.00 and $940.00 per $1,000, and 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 three ETFs. The offering sale amount is $1,615,000 at public offering price (100%). The Trade Date is February 19, 2026 and Issue Date is February 23, 2026.

The Notes pay a monthly contingent coupon of $10.417 per $1,000 (annualized 12.50%) if each Underlier meets a 70% coupon threshold on observation dates, are callable quarterly beginning about one year after the Trade Date, and mature on February 24, 2031 with payoff tied to the Least Performing Underlier versus a 70% barrier.

Royal Bank of Canada is offering $50,000 of Auto-Callable Enhanced Return Dual Directional Buffer Notes linked to the least performing of Dell Technologies Class C and Intel common stock, with a Trade Date of February 18, 2026 and an Issue Date of February 23, 2026.

The notes pay $1,345 per $1,000 if automatically called on the Call Observation Date, otherwise maturity payments depend on the least performing underlier: a Participation Rate of 150%, a Buffer Percentage of 35%, and a final valuation on February 20, 2029. The initial estimated value is $944.09 per $1,000, and the public offering price is par.

Royal Bank of Canada is offering $407,000 of Auto-Callable Enhanced Return Dual Directional Barrier Notes linked to the common stock of Salesforce, Inc. The Notes trade date is February 18, 2026, issue date February 23, 2026 and maturity is February 23, 2029.

The Notes pay $1,230 per $1,000 if automatically called following the Call Observation Date; if not called, the Notes provide a 125% participation rate on positive returns, a 70% Barrier Value (70% of the initial underlier value), and limited upside capped by stated mechanics. The initial estimated value was $959.96 per $1,000 and the public offering price was par with an underwriting discount of 2.50%.

Royal Bank of Canada is offering $750,000 aggregate principal amount of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the EURO STOXX® Banks Index and the State Street® Technology Select Sector SPDR® ETF, maturing on February 23, 2029.

Notes pay a quarterly contingent coupon of $42.50 per $1,000 (a 17.00% annualized rate if payable), are callable quarterly if both underliers are at or above their strike levels, and return principal at maturity only if the least performing underlier is at or above its 75% barrier; otherwise investors may lose a substantial portion or all principal.

Royal Bank of Canada is offering $3,265,000 in Fixed Coupon Barrier Notes linked to the least performing of the common stock of Bank of America Corporation and Caterpillar Inc. The Notes pay a fixed monthly coupon of $49.167 per $5,000 (11.80% per annum) and mature on August 21, 2026. If, on the Valuation Date August 18, 2026, the Final Underlier Value of the least performing Underlier is at or above its Barrier (70% of the Initial Underlier Value), investors receive the $5,000 principal per note plus any accrued coupon. If the Final Underlier Value is below the Barrier, investors receive a number of shares of the least performing Underlier equal to the stated Physical Delivery Amount (or cash for fractional shares), which may be worth significantly less than principal. The public offering price is 100.00% ($3,265,000) with underwriting discounts of 0.75%.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index. The Trade Date is February 24, 2026, Issue Date February 27, 2026 and Maturity Date August 29, 2030. The Contingent Coupon, if payable, is $20.375 per $1,000 (a rate of 2.0375% per quarter; 8.15% per annum). Coupons pay quarterly and may be paid later with memory if previously unpaid. The Notes are auto-callable on quarterly Call Observation Dates if both Underliers close at or above their Initial Underlier Values; called holders receive principal plus the Contingent Coupon and any unpaid coupons. The Coupon Threshold and Barrier Value for each Underlier is 70% of its Initial Underlier Value. If not called and the Final Underlier Value of the Least Performing Underlier is below the Barrier, principal at maturity is reduced in line with that Underlier Return, potentially causing substantial loss of principal. The public offering price is 100.00% with underwriting discounts of 2.35%; proceeds to the issuer are 97.65%. The initial estimated value is stated between $919.18 and $969.18 per $1,000, which is less than the public offering price.

Royal Bank of Canada supplements the accompanying pricing supplement (CUSIP: 78015QVT5) by stating the Initial Basket Underlier Value for each Basket Underlier used to price the offered notes. The table lists 18 common share underliers and their per-share initial values as set forth in the pricing supplement.

Royal Bank of Canada supplements the accompanying pricing supplement for notes linked to a basket of 18 equity underliers by providing the Initial Basket Underlier Values for each listed security. The document reiterates that the Notes will not be listed on any exchange, are not deposit insured, and refers investors to the prospectus and product supplement dated December 20, 2023 and July 22, 2025 for risk factors and distribution terms.

Royal Bank of Canada is offering structured, principal‑at‑risk notes linked to the S&P 500® Index with an aggregate principal amount of $3,725,000. The notes trade date is February 17, 2026, original issue (settlement) date February 20, 2026, and stated maturity date May 19, 2027 (subject to adjustment).

The notes pay no interest and return a cash settlement tied to the index performance from an initial level of 6,843.22. If the final index level on the determination date is ≥ 90.00% of the initial level, holders receive a capped threshold settlement amount of $1,116.20 per $1,000. If the final level is below 90.00%, payments decline pro rata and investors may lose some or all principal. The initial estimated value at trade date is $997.67 per $1,000. The notes are unsecured senior debt, not listed, not redeemable prior to maturity, and carry issuer credit risk.

Royal Bank of Canada offers Auto-Callable Contingent Coupon Barrier Notes linked to Advanced Micro Devices, Inc. common stock. The Notes have a Trade Date of February 17, 2026, an Issue Date of February 20, 2026, a Valuation Date of February 17, 2028 and a Maturity/Final Payment Date of February 23, 2028.

Each $1,000 note pays a contingent quarterly coupon of $38.25 (3.825% per quarter, 15.30% per annum) if the Underlier closing value is at or above the Coupon Threshold on the applicable observation date. The Coupon Threshold and Barrier Value equal $101.54 (50% of the Initial Underlier Value of $203.08). If a Call Observation Date triggers (the Underlier ≥ Initial Underlier Value), the Notes are automatically called and investors receive $1,000 plus the contingent coupon otherwise due. If not called, maturity payment depends on the Final Underlier Value: full principal if Final Underlier Value ≥ Barrier; otherwise principal reduced pro rata by the Underlier Return. All payments are subject to the Bank’s credit risk.