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 issued Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50® indices. The Notes pay a quarterly contingent coupon (9.10%–10.10% per annum range) only if each underlying closes at or above a 70% coupon barrier on observation dates. The Notes may be automatically called on quarterly call observation dates; if not called, principal repayment at maturity depends on the least performing underlying relative to a 70% downside threshold. Principal can be lost in full or in part and all payments are subject to Royal Bank of Canada credit risk. Trade Date is April 20, 2026, Settlement April 23, 2026, Final Valuation Date April 20, 2029, Maturity April 25, 2029.
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 on April 17, 2026, issue on April 22, 2026 and mature on April 20, 2029. Investors pay 100% of principal (underwriting discount 2.00%, proceeds 98.00%) and the issuer estimates an initial value between $903.50 and $953.50 per $1,000 principal amount. If not called, contingent quarterly coupons are payable only when each underlier is at or above its 75% Coupon Threshold; the contingent coupon, if payable, is at least $26.875 per $1,000 (2.6875% per quarter, 10.75% per annum). The Notes are auto‑callable on specified quarterly Call Observation Dates 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 and may result in a significant principal loss if that underlier is below its 75% Barrier Value.
The Royal Bank of Canada is offering $19,444,580 of Trigger Autocallable Contingent Yield Notes due April 11, 2029, linked to the least performing of the Russell 2000® and the S&P 500®. The notes pay a contingent quarterly coupon of 9.00% per annum if both underlyings close at or above their coupon barriers on observation dates and are automatically callable on quarterly call observation dates beginning six months after the trade date. If not called, principal repayment at maturity depends on the Least Performing Underlying: full principal is repaid only if that underlying is at or above its downside threshold (70% of initial value); otherwise repayment is reduced proportionately to the negative underlying return, exposing investors to up to 100% principal loss. Initial underlying values were set on the trade date: Russell 2000 initial value 2,620.459 and S&P 500 initial value 6,782.81, with downside thresholds and coupon barriers at 70% of those values. Notes issued in minimum denominations of $10 (minimum investment $1,000). The initial estimated value per note was $9.69, below the public offering price of $10.00. All payments are subject to Royal Bank of Canada credit risk and the notes are not exchange-listed.
Royal Bank of Canada is offering structured senior notes linked to the MSCI EAFE® Index, with $1,000 principal per note and $3,130,000 aggregate principal (issuable more at the issuer's option). The notes pay no interest and mature on December 10, 2027 (subject to adjustment).
Holders receive a capped cash payment: if the final index level on the determination date is ≥ 87.50% of the initial level (initial level 3,042.45 on April 8, 2026), each $1,000 note pays $1,158.70; if below that threshold, payment falls proportionally and could result in a total loss of principal. Payments are subject to the issuer's credit risk and other adjustments described in the supplement.
Royal Bank of Canada is offering $2,000,000 principal amount of Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the S&P 500® Index, due April 23, 2027. The notes pay a $20.00 contingent quarterly coupon per $1,000 if observation thresholds are met and include quarterly call observation dates; the Barrier and Coupon Threshold equal 70.95% of the Initial Underlier Value (4,694.66), with Initial Underlier Value 6,616.85 on the Strike Date.
The public offering price is 100.00% (certain fiduciary accounts may pay $990 per $1,000); underwriting discount is 1.00%. Payments at maturity depend on the averaged Final Underlier Value and are subject to credit risk of Royal Bank of Canada.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing share of Alphabet (Class A), Eli Lilly and Netflix. The notes are sold at 100.00% of principal (par) with an underwriting discount of 2.10% and expected proceeds to the issuer of 97.90%. The notes pay a contingent quarterly coupon of $44.625 per $1,000 when each underlier meets its coupon threshold; they are callable quarterly beginning on the April 12, 2027 observation. If not called, maturity is April 13, 2028, with principal repaid in full only if the least performing underlier is at or above its barrier (60% of its initial value); otherwise principal is reduced by the underlier return. Key dates include Strike Date April 9, 2026, Trade Date April 10, 2026, and Issue Date April 15, 2026. All payments are subject to RBC credit risk.
Royal Bank of Canada offers $8,589,500 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® and the S&P 500®, maturing April 11, 2029. The Notes pay a contingent quarterly coupon of 11.20% per annum only if both Underlyings meet their coupon barriers. The Notes are automatically callable on quarterly call observation dates beginning six months after the trade date if both Underlyings close at or above their Initial Underlying Values. If not called, principal repayment at maturity depends on the Least Performing Underlying relative to its Downside Threshold (70% of initial value), exposing investors to up to 100% principal loss; 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 VanEck® Semiconductor ETF and the EURO STOXX® Banks Index. The notes have a $1,000 principal amount per note, a 3.925% quarterly contingent coupon (15.70% per annum if paid), a Strike Date of April 9, 2026, Issue Date of April 15, 2026, Valuation Date of April 9, 2029, and Maturity Date of April 12, 2029. Notes may be automatically called on quarterly observation dates if both underliers are at or above their Initial Underlier Values; if not called, principal repayment at maturity depends on the Final Underlier Value of the least performing underlier relative to a Barrier equal to 60% of its Initial Underlier Value.
Royal Bank of Canada is offering $50,000,000 principal amount of Floored Floating Rate Notes due April 10, 2031. The Notes pay quarterly interest equal to compounded SOFR plus a 0.70% spread but not less than a 0.50% coupon floor. The public offering price is 100.00% (up to $1,000 per $1,000 principal) with underwriting discounts of 0.45%. The initial estimated value is $991.50 per $1,000. Holders may request repurchase on the Repurchase Date (October 10, 2030) subject to procedures and bank credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index, with a Trade Date of April 27, 2026, Issue Date of April 30, 2026 and a Maturity Date of May 1, 2031.
The Notes pay a monthly contingent coupon of $10.417 per $1,000 (annualized 12.50%) when the Underlier is at or above a Coupon Threshold equal to 70% of the Initial Underlier Value, include a 25% principal buffer at maturity, and are auto-callable beginning on the twelfth monthly observation (first call observation April 27, 2027).
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index, with Trade Date April 30, 2026, Issue Date May 5, 2026 and Maturity Date May 5, 2031. The Notes pay a monthly contingent coupon of $13.125 per $1,000 (15.75% per annum) when the Underlier is at or above a Coupon Threshold of 70% of the Initial Underlier Value. The Notes are auto‑callable beginning with the April 30, 2027 observation if the Underlier is at or above its Initial Underlier Value, in which case investors receive par plus the contingent coupon due. At final maturity, if not called, investors receive par if the Final Underlier Value is at or above the Buffer Value (75% of Initial); if below the Buffer Value they absorb losses reduced by a 25% buffer, potentially losing a substantial portion of principal. The initial estimated value is expected between $919.00 and $969.00 per $1,000 principal while the public offering price is par.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Dual Directional Barrier Notes linked to the least performing of the common stock of Boston Scientific Corporation and the ordinary shares of Medtronic plc. The Notes have a Trade Date of April 27, 2026, an Issue Date of April 30, 2026, a Valuation Date of April 27, 2029 and a Maturity Date of May 2, 2029.
The public offering price is 100% (per $1,000 principal), with an underwriting discount of 2.50% and proceeds to the Bank of 97.50%. The initial estimated value is expected to be between $880.00 and $930.00 per $1,000 principal. The Notes are subject to issuer credit risk and contain a call feature: if on the Call Observation Date (May 3, 2027) each Underlier is at or above its initial value, the Notes will be automatically called and pay at least $1,310 per $1,000 principal (131%).
At maturity (if not called) payments depend on the Final Underlier Value of the Least Performing Underlier, a Barrier Value equal to 65% of the Initial Underlier Value, and a Participation Rate of 150%. If the Least Performing Underlier finishes below the Barrier Value, investors could lose a substantial portion or all principal.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to NVIDIA Corporation common stock. The Notes pay up to a 32.40% capped upside (maximum payment of $1,324 per $1,000 principal) with a 10% downside buffer (protecting the first 10% of Underlier decline). The Notes feature a 200% participation rate (subject to the cap). Trade Date is April 9, 2026, Issue Date April 14, 2026, Valuation Date April 15, 2027, and Maturity Date April 20, 2027. Initial estimated value is expected between $935.80 and $985.80 per $1,000 principal; public offering price is $1,000 per $1,000 (underwriting discount 1.00%, proceeds to issuer 99.00%). All payments are subject to the issuer's credit risk and additional risks and tax treatment are discussed in accompanying materials.
Royal Bank of Canada is offering $559,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of three ETFs: VanEck Semiconductor (SMH), State Street Consumer Staples (XLP) and State Street Utilities (XLU). The Trade Date is April 7, 2026, Issue Date April 10, 2026 and Maturity Date April 10, 2031. Investors may receive a monthly Contingent Coupon of $10.083 per $1,000 (annualized 12.10%) only if each Underlier is at or above its Coupon Threshold (70% of its initial value) on observation dates. The notes are auto‑callable quarterly if all Underliers are at or above their initial values on a Call Observation Date; if not called, principal at maturity depends on the Final Underlier Value of the Least Performing Underlier relative to its Barrier Value (60% of its initial value). All payments are subject to the issuer's credit risk.
Royal Bank of Canada is offering $1,689,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 and the Russell 2000. The Trade Date is April 7, 2026, Issue Date is April 10, 2026 and Maturity Date is January 10, 2031. If not called earlier, investors receive principal at maturity only if the Final Underlier Value of the least performing Underlier is at or above its 70% Barrier Value; otherwise repayment equals principal adjusted by that Underlier Return, which can result in substantial or total loss of principal.
The public offering price is 100.00% (aggregate $1,689,000), underwriting discount is 3.25% (proceeds to issuer $1,634,107.50), and the initial estimated value is $962.10 per $1,000 principal amount. The contingent coupon, if payable, equals $7.625 per $1,000 (annualized 9.15%).
Royal Bank of Canada is offering Auto-Callable Fixed Coupon Barrier Notes linked to the Class A common stock of Palantir Technologies Inc. The Notes pay a Fixed Coupon of $9.875 per $1,000 (11.85% per annum) monthly, are subject to automatic quarterly calls if Palantir closes at or above its Initial Underlier Value of $150.07, and use a Barrier Value of $75.04 (50%). If not called, on the Valuation Date of April 9, 2029 and Maturity Date of April 12, 2029, investors either receive $1,000 (if Final Underlier Value ≥ Barrier) or a Physical Delivery Amount of 6.6636 shares per $1,000 (if Final Underlier Value < Barrier), plus the final coupon. The initial estimated value was $970.52 per $1,000, below the public offering price. All payments are subject to Royal Bank of Canada credit risk and the Notes are unsecured debt.
Royal Bank of Canada is offering $70,000,000 of Floored Floating Rate Notes due April 9, 2031. The Notes pay quarterly interest based on compounded SOFR plus a 0.70% spread with a coupon floor of 0.50% per annum. The Pricing Date is April 7, 2026 and the Issue Date is April 9, 2026. The public offering price is 100.00% (up to $1,000 per $1,000 principal) with an underwriting discount of 0.45%. The initial estimated value was determined as $991.50 per $1,000, and all payments are subject to the Bank’s credit risk. Holders may request repurchase on the Repurchase Date scheduled for October 9, 2030 (subject to postponement) following the procedures in the pricing supplement.
Royal Bank of Canada offers Auto-Callable Fixed Coupon Barrier Notes linked to the least performing of Newmont Corporation and Quanta Services common stock. The Notes pay a fixed monthly coupon of $9.375 per $1,000 ($1,000 principal + coupon if auto-called on a Call Observation Date). If not called, final payment depends on the least performing Underlier: full principal if its Final Underlier Value ≥ 50% of its Initial Underlier Value; otherwise holders receive a number of shares of the least performing Underlier equal to the Physical Delivery Amount, which could be worth significantly less than principal. Trade Date is April 14, 2026, Issue Date April 17, 2026, Valuation Date April 16, 2029, and Maturity Date April 19, 2029. The initial estimated value is disclosed as between $900.00 and $950.00 per $1,000 principal amount and will be less than the public offering price; underwriting discount is 2.50%.
Royal Bank of Canada offers Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes have a $1,000 principal amount per note, trade date April 6, 2026, issue date April 9, 2026, valuation date March 8, 2027 and maturity date March 11, 2027. Investors may receive a monthly contingent coupon of $11.25 per $1,000 (1.125% monthly; 13.50% per annum) if each index is at or above its coupon threshold on the prior observation date. The notes are auto-callable on monthly observation dates beginning with the third observation date if every underlier equals or exceeds its initial value; auto-call results in a $1,000 principal redemption plus the contingent coupon otherwise due. If not called, principal repayment at maturity depends on the least performing underlier relative to its 70% barrier; a Final Underlier Value below its barrier results in a pro rata loss of principal. 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 S&P 500® Futures Excess Return Index. The Notes have a $1,000 principal amount per note, trade date April 13, 2026, issue date April 16, 2026, valuation date April 13, 2029 and maturity date April 18, 2029. Investors may receive a semiannual contingent coupon of $45.75 per $1,000 if observation conditions are met. Notes are auto‑callable on scheduled observation dates if the Underlier equals or exceeds its initial value; if not called, principal at maturity depends on the Final Underlier Value relative to a 70% barrier. The initial estimated value is expected between $935.00 and $985.00 per $1,000; public offering price is par. 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 least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The Notes trade on April 23, 2026, issue on April 28, 2026, have a valuation date of April 23, 2029 and mature on April 26, 2029. If payable, the Contingent Coupon is $9.333 per $1,000 (equivalent to 11.20% per annum) and is observed monthly subject to each Underlier meeting a Coupon Threshold of 80% of its Initial Underlier Value. The Notes are automatically called beginning on the sixth monthly Call Observation Date if each Underlier is at or above its Initial Underlier Value; investors receive principal plus the Contingent Coupon if called. At maturity, if the Final Value of the Least Performing Underlier is below its Barrier Value of 70% of initial, principal is reduced proportionally by that Underlier Return. Public offering price is 100% ($1,000) with underwriting discounts of 2.50%; initial estimated value is expected between $898 and $948 per $1,000. 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 S&P 500® Index. The public offering price is 100% of principal ($1,000 per note) with an underwriting discount of 1.00%; certain fiduciary accounts may pay $990.00 per $1,000. The Notes pay a contingent quarterly coupon of $20.00 per $1,000 when the Observation Underlier Value is at or above a Coupon Threshold set at 70.95% of the Initial Underlier Value. The Notes may be automatically called if the Underlier on a Call Observation Date is greater than or equal to the Initial Underlier Value; if not called, maturity payments depend on the arithmetic average Final Underlier Value on specified Valuation Dates, with full principal returned only if the Final Underlier Value is at or above the Barrier Value; otherwise investors suffer pro rata principal loss. All payments are subject to Royal Bank of Canada credit risk and U.S. federal withholding and tax treatments described in the supplement.
Royal Bank of Canada is offering $1,731,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, with a Trade Date of April 6, 2026, Issue Date April 9, 2026 and Maturity Date April 11, 2029.
The Notes pay a contingent quarterly coupon of $27.50 per $1,000 (11.00% annualized) when all underliers are at or above a 70% coupon threshold on observation dates, are callable quarterly if all underliers are at or above their initial values, and at maturity return principal or a loss tied to the least performing underlier relative to a 60% barrier.
Royal Bank of Canada is offering Redeemable Floored Range Accrual Notes linked to the 10-year CMT rate, with a Maturity Date of April 16, 2031 and an Issue Date of April 16, 2026. Notes pay a quarterly Interest Rate equal to 6.50% × (Accrual Days / calendar days) with a Coupon Floor of 1.00%, a Lower Barrier of 0.00% and an Upper Barrier of 5.00%. The public offering price will range from $965.00 to $1,000.00 per $1,000 principal amount; the initial estimated value is expected between $925.00 and $975.00. Interest is paid quarterly beginning July 16, 2026. The notes are callable by the issuer on specified Interest Payment Dates beginning April 16, 2027. All payments are subject to the issuer's credit risk; the Calculation Agent (RBCCM) has broad discretion to determine or replace the Reference Rate.
Royal Bank of Canada describes the terms under which it may offer senior notes linked to indices in the Bloomberg VolMax Index Series as part of its Senior Global Medium-Term Notes, Series J. Each Index applies a 4%, 5% or 6% annual deduction factor, a 0.01% transaction cost on daily exposure changes and a notional financing cost (SOFR + 0.50% spread), all deducted daily. The Indices target specified volatilities and apply dynamic exposure (minimum 100%, capped by a stated maximum exposure). Daily deductions and leverage can significantly drag index performance; the notes are unsecured obligations subject to RBC credit risk and may not fully repay principal or interest.
Royal Bank of Canada offers Digital Notes linked to the Russell 2000® Index due April 27, 2027. The Notes pay per $1,000 principal either $1,000 plus a Digital Return (at least 17%) if the Final Underlier Value is greater than or equal to the Initial Underlier Value, or $1,000 plus the Underlier Return if the Final Underlier Value is lower, which can result in a partial or total loss of principal. The Trade Date is April 16, 2026, Issue Date April 21, 2026, Valuation Date April 22, 2027 and Maturity Date April 27, 2027. All payments are subject to the issuer's credit risk.
The Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® and the S&P 500® with a term to April 11, 2029. Each Note has a principal amount of $10 and a minimum investment of $1,000. The Notes pay a quarterly contingent coupon only if both underlyings are at or above a coupon barrier (70% of initial value). The issuer will automatically call the Notes on quarterly call observation dates if both underlyings are at or above their initial values. If not called, repayment at maturity depends on the Least Performing Underlying: full principal if that underlying is at or above its 70% downside threshold, otherwise a principal loss proportionate to that underlying’s negative return. The contingent coupon rate will be set on the trade date in the range 9.00% to 9.70% per annum. Payments are subject to RBC credit risk and the Notes will not be listed on an exchange.
Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® and the S&P 500®, with a term to maturity of approximately three years and a per-note principal amount of $10. The Notes pay a quarterly contingent coupon at a Contingent Coupon Rate to be set on the trade date (expected 11.20% to 12.00% per annum), are callable quarterly beginning six months after the Trade Date, and mature on April 11, 2029.
Payments of coupons and principal are contingent on index observation tests: no coupon is paid for any quarter where either underlying closes below its Coupon Barrier (set at 70% of initial value), and at maturity you may lose up to 100% of principal if the Least Performing Underlying finishes below its Downside Threshold (also 70%). All payments are subject to Royal Bank of Canada’s creditworthiness.
Royal Bank of Canada is offering Capped Return Notes linked to the SPDR® Gold Trust, maturing April 28, 2027. The notes pay 100% participation in the Underlier up to a Maximum Return of 12.54% (maximum maturity payment $1,125.40 per $1,000) and provide a Minimum Return of -5% (minimum maturity payment $950 per $1,000). The Trade Date is April 10, 2026, Issue Date is April 15, 2026, and the Valuation Date is April 23, 2027. The public offering price is 100% with underwriting discount 1.00%. The initial estimated value is expected between $935.00 and $985.00 per $1,000 principal amount; market and credit risk and potential limited liquidity are disclosed.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to NVIDIA Corporation equity with a $30 per $1,000 quarterly contingent coupon (3.00% per quarter; 12.00% per annum). The notes may be auto-called on scheduled observation dates; principal repayment at maturity depends on the Final Underlier Value versus a 55% barrier. Initial estimated value is stated between $910.00 and $960.00 per $1,000; public offering price is par. Payments are subject to Royal Bank of Canada credit risk and withholding/tax rules described herein.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Dual Directional Buffer Notes linked to the lesser-performing common stock of Axon Enterprise, Inc. and Northrop Grumman Corporation. The notes have a Participation Rate of 200%, a 30% buffer, trade date April 27, 2026, issue date April 30, 2026, valuation date April 27, 2029 and maturity date May 2, 2029. If called on the call observation date the notes will pay at least $1,350 per $1,000 principal; if not called, payments depend on the least-performing underlier using the stated formulas. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Auto-Callable Trigger Performance Leveraged Upside Principal at Risk Securities linked to the Russell 2000® Index with an aggregate principal amount of $5,105,000. Each note has a stated principal of $1,000 and an early redemption payment of $1,154.50 (115.45%) if the call observation condition is met on the call observation date. If not called, maturity payoffs depend on the final underlier value: a leveraged upside of 140% of positive underlier return, return of principal if the final underlier value is at or above the trigger value (75% of initial), or a 1:1 loss exposure below the trigger (potentially losing the entire principal). The initial estimated value was $973.53 per note and the offering price is $1,000 per note; all payments are subject to the Bank's credit risk. Terms reference valuation, call observation and maturity dates and note that proceeds will be used as described in the prospectus and to hedge the Bank's obligations.
Royal Bank of Canada offered contingent income auto-callable senior notes linked to ConocoPhillips common stock. The notes have a $1,000 stated principal, aggregate principal amount of $389,000 and price to public of $1,000 per security. Coupons are contingent quarterly payments of $25.50 (2.55% per quarter; 10.20% per annum) payable only if the underlier closes at or above the 65% downside threshold ($84.84) on a determination date. Notes auto‑redeem early if the underlier is at or above the redemption threshold (100% of initial value) on a determination date. At final maturity, if the final underlier value is below the downside threshold, payment equals $1,000 × (final underlier value / initial underlier value), which can be less than 65% of principal and could be zero. Payments are subject to Royal Bank of Canada credit risk; initial estimated value was $982.73 per security and proceeds to issuer were $382,192.50.
Royal Bank of Canada is offering $1,776,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes pay a monthly contingent coupon of $6.708 per $1,000 (annualized 8.05%) if each Underlier meets a 70% coupon threshold, are callable if all Underliers are at or above their initial values on a Call Observation Date, and mature on April 7, 2031. The initial estimated value was $952.81 per $1,000, below the public offering price. At maturity investors may lose a substantial portion or all principal if the least performing Underlier is below its 60% barrier. Payments are subject to the issuer's credit risk and the pricing supplement lists related underwriting fees and conflicts of interest.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an unequally weighted global equity basket. The notes have a Trade Date of April 28, 2026, an Issue Date of April 30, 2026 and a Maturity Date of May 1, 2031. The notes pay at least $1,105 per $1,000 if automatically called and otherwise provide a 150% Participation Rate on positive basket returns, a 70 Barrier Value (70% of initial) and an initial estimated value expected between $886.08 and $936.08 per $1,000. The public offering price is 100% with underwriting discounts of 3.50%; proceeds to the issuer are 96.50%.
Royal Bank of Canada is offering $1,066,000 of Auto-Callable Contingent Coupon Barrier Notes. The Notes are linked to the least performing of the Russell 2000® and the S&P 500® and mature on April 5, 2029. They pay a contingent quarterly coupon of $28.75 per $1,000 (2.875% per quarter; 11.50% per annum) if each underlier is at or above its 65% coupon threshold on the preceding observation date. The Notes may be automatically called if, on a Call Observation Date, both underliers are at or above their initial values; if not called, principal repayment at maturity depends on the Final Underlier Value of the least performing underlier versus a 70% barrier. The initial estimated value was $996.07 per $1,000, below the public offering price.
Royal Bank of Canada is offering Buffer Digital Notes linked to the least performing of the KRE Fund, the Russell 2000® Index and the XLK Fund. The notes pay a Digital Return of 13.30% if the least performing underlier finishes at or above its Buffer Value (75% of initial); otherwise holders absorb losses reduced by a 25% Buffer Percentage. Trade Date is April 17, 2026, Issue Date April 22, 2026, Valuation Date May 17, 2027 and Maturity Date May 20, 2027. The initial estimated value is stated to be between $936 and $986 per $1,000; public offering price is par with a 0.40% underwriting discount.
Royal Bank of Canada offers non‑interest bearing structured notes linked to the MSCI EAFE Index with a buffered downside and a capped positive return.
Each note has a $1,000 principal amount; if the final index level is at or above a threshold level of 87.50% of the initial level, holders receive a capped threshold settlement amount (expected between $1,133.00 and $1,156.40 per $1,000). If the final index level is below 87.50% the payoff declines proportionally and could result in a total loss. The initial estimated value is expected between $963.50 and $993.50 per $1,000 and the term is expected to be between 20 and 23 months from the trade date.
Royal Bank of Canada is offering Stepdown Auto-Callable Barrier Notes linked to the lesser-performing of the Russell 2000® and S&P 500® indices. The offering totals $11,665,000 at a public offering price equal to par and an initial estimated value of $998.44 per $1,000. The notes carry annual automatic-call triggers with staged call settlement amounts of $1,131, $1,262, $1,393, and $1,524 for successive observation dates, and a barrier set at 75% of each Initial Underlier Value. If not called, maturity payment ties to the Final Underlier Value of the least-performing underlier and may result in substantial loss of principal. All payments are subject to the issuer’s credit risk.
Royal Bank of Canada is offering $3,200,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P MidCap 400 Index and the Nikkei 225 Index, maturing April 5, 2029. The notes pay a 10.30% per annum contingent quarterly coupon only if both underlyings meet their 70% coupon barriers on each observation date, are callable beginning one year after the trade date, and expose investors to equity downside at maturity if the least performing underlying falls below its 70% downside threshold. Payments, including principal, are subject to Royal Bank of Canada credit risk and the notes are not exchange listed.
Royal Bank of Canada is offering Enhanced Return Barrier Notes linked to the lesser-performing of NIKE Class B and RH common stock. The offering's total public price shown is $650,000 and the Notes have a Participation Rate of 365%. Key dates: Strike Date April 1, 2026, Trade Date April 2, 2026, Issue Date April 8, 2026, Valuation Date April 2, 2029, Maturity Date April 5, 2029. The initial estimated value is $961.62 per $1,000, below the public offering price. At maturity, investors receive leveraged upside if the least-performing Underlier > initial value; full principal if the least-performing Underlier falls but stays ≥ the Barrier Value (75% of initial); and pro rata loss of principal if it falls below the Barrier Value. All payments are subject to RBC's credit risk and the Notes can lose a substantial portion or all principal.
Royal Bank of Canada offers $2,271,000 of Auto-Callable Contingent Coupon Barrier Notes due April 4, 2030. The Notes are linked to the least performing of the S&P 500® and EURO STOXX 50® indices and pay a contingent quarterly coupon of $30.625 per $1,000 (12.25% per annum) when both underliers meet quarterly thresholds set at 70% of their Strike Date values. The Notes may be automatically called on quarterly Call Observation Dates if both underliers close at or above their Initial Underlier Values, in which case investors receive par plus the contingent coupon then due. At maturity, if not called, repayment depends on the least performing underlier: full principal if its Final Value is at or above its Barrier, otherwise a pro rata principal loss equal to the underlier return. All payments are subject to the Bank's credit risk and the pricing supplement notes the initial estimated value of $995.62 per $1,000 which is less than the public offering price.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Dual Directional Barrier Notes linked to the least performing of Microsoft and Snowflake common stock. The notes are offered at par with underwriting discounts of 2.50% and estimated proceeds to the issuer of 97.50% of par.
The Trade Date is April 27, 2026, Issue Date April 30, 2026, Valuation Date April 27, 2029 and Maturity Date May 2, 2029. Key economic terms: automatic call feature with a minimum call payment of at least $1,330 per $1,000 principal, a Participation Rate of 200%, and a Barrier set at 50% of each underlier's initial value. All payments are subject to the bank's credit risk.
Royal Bank of Canada is offering Dual Directional Barrier Digital Notes linked to the least performing of the MSCI Emerging Markets Index and the EURO STOXX 50® Index. The notes are issued per $1,000 principal amount with a public offering price of 100.00% and an underwriting discount of 3.50%. Trade Date is April 28, 2026, Issue Date is April 30, 2026, Valuation Date is April 28, 2031 and Maturity Date is April 30, 2031. The notes pay at maturity based on the least performing underlier: if the Final Underlier Value ≥ Initial Underlier Value you receive $1,000 plus the greater of the Underlier Return or the Digital Return (at least 60%); if Final is below Initial but ≥ Barrier (70% of Initial) you receive $1,000 plus the absolute value of the negative Underlier Return (capped at 30%); if Final is below the Barrier you receive $1,000 plus the Underlier Return and may lose a substantial portion or all principal. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Floored Floating Rate Notes due April 10, 2031 as described in a preliminary pricing supplement linked to its Senior Global Medium‑Term Notes, Series J. The Notes pay quarterly interest equal to compounded SOFR plus a 0.70% spread, subject to a 0.50% coupon floor. The public offering price is 100% (issue price between $992.50 and $1,000 per $1,000), and the initial estimated value is expected between $985.00 and $992.50. Holders may request early repurchase on the Interest Payment Date scheduled for October 10, 2030, subject to procedures and a 10 business‑day notice. All payments are subject to RBC credit risk. The supplement highlights risks tied to SOFR volatility, benchmark replacement mechanics, market liquidity, and valuation differences between initial estimated value and secondary market pricing.
Royal Bank of Canada is offering Auto-Callable Fixed Coupon Barrier Notes linked to Halliburton and Prologis. The offering lists a total public offering amount of $500,000 at par, with proceeds to the Bank of $487,500 after a 2.50% underwriting discount.
The Notes pay a Fixed Coupon of $6.833 per $1,000 (an annualized 8.20%), are callable on multiple scheduled observation dates beginning in September 2026, and mature on April 5, 2029. Principal repayment at maturity depends on the performance of the least performing Underlier versus a 50% Barrier; if below the Barrier, investors receive physical delivery of shares (the Physical Delivery Amount), which can result in substantial principal loss.
Royal Bank of Canada is offering Floored Floating Rate Notes due April 9, 2031 linked to compounded SOFR with a coupon floor of 0.50% and a spread of 0.70%. Pricing Date is April 7, 2026 and Issue Date is April 9, 2026. The public offering price is stated at 100.00% per $1,000 principal amount, while RBC Capital Markets will purchase the Notes at prices between $992.50 and $1,000.00 per $1,000. The initial estimated value is expected to be between $985.00 and $992.50 per $1,000 and will be lower than the public offering price. Holders have an option to request repurchase on the Repurchase Date scheduled for October 9, 2030 (subject to postponement). All payments are subject to Royal Bank of Canada credit risk; additional terms, tax treatment as variable rate debt instruments, benchmark‑replacement mechanics, underwriting concessions, and selected risk considerations appear in the pricing supplement.
Royal Bank of Canada is offering structured senior notes linked to the S&P 500® Index with an aggregate principal amount of $11,182,000. The notes pay no interest and provide a capped positive payoff of $1,169.40 per $1,000 if the final index level is at or above 87.50% of the initial level (initial level: 6,575.32), measured from the trade date (April 1, 2026) to the determination date (January 3, 2028), with stated maturity on January 5, 2028.
Key practical points: if the final index level is below the 87.50% threshold, the cash settlement declines proportionally (approximately a 1.1429% loss of principal for each 1% shortfall), so holders can lose a substantial portion or all of principal. The initial estimated value was $994.22 per $1,000, below the original issue price.
Royal Bank of Canada is offering $674,000 in Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index, maturing April 5, 2029. The Notes pay at maturity 125% participation in positive index returns and return principal if the Final Underlier Value is less than or equal to the Initial Underlier Value.
Notes priced at 100% per $1,000 ($1,000 principal) with an initial estimated value of $968.57 per $1,000; proceeds to the Bank are listed as $669,956. All payments are subject to Royal Bank of Canada credit risk and the Underlier is subject to multiple fees and funding/transaction costs that will reduce index performance.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Take-Two Interactive Software, Inc. The notes have a Trade Date of April 10, 2026, Issue Date April 15, 2026, a Valuation Date of May 10, 2027 and a Maturity Date of May 13, 2027. The public offering price is 100.00% (typically $1,000 per $1,000 principal); underwriting discount is 1.00%, with proceeds to RBC of 99.00%. Investors may receive a monthly contingent coupon of $12.50 per $1,000 (1.25% per month, 15.00% per annum) when the underlier is at or above the coupon threshold. The coupon threshold and barrier are set at 60% of the Initial Underlier Value. If not auto-called, repayment at maturity depends on the Final Underlier Value; if below the barrier, principal is reduced pro rata by the Underlier Return. The initial estimated value is expected between $929.00 and $979.00 per $1,000. The notes are unsecured obligations of RBC and carry issuer credit risk and significant market, structural and tax uncertainties.