ROYAL BK CDA QUEN PFD 424B Filings

Royal Bank of Canada offers Dual Directional Buffer Digital Notes linked to the S&P 500® Index due July 14, 2027. The notes pay a Digital Return of 6.20% if the Final Underlier Value is at or above a Digital Barrier (93.80% of the initial value), provide an 80% buffer on losses up to 20%, and expose investors to credit risk of the Bank. Trade Date is April 24, 2026 and Issue Date is April 29, 2026. The initial estimated value is stated between $934.00 and $984.00 per $1,000, and the public offering price is $1,000 per $1,000 (100.00%).

Royal Bank of Canada is offering three separate Capped Enhanced Return Buffer Notes linked to the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX) indices. Each offering has its own terms. Key economics include a Participation Rate of 150%, a Buffer Percentage of 10%, and issuer-set Maximum Return values of 24% (NDX), 27% (RTY) and 20.50% (SPX). Trade Date is March 31, 2026, Issue Date is April 6, 2026, Valuation Date is March 31, 2028, and Maturity Date is April 5, 2028. Payments at maturity vary by Final Underlier Value: investors receive upside up to the Maximum Return subject to the Participation Rate, full principal if decline is within the 10% buffer, and a pro rata principal loss if the decline exceeds the buffer. 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 least performing of three ETFs (SMH, XLP, XLU). The notes have a Trade Date of April 7, 2026, an Issue Date of April 10, 2026 and a stated maturity on April 10, 2031.

If not earlier auto-called, the notes pay a monthly contingent coupon of $10.083 per $1,000 (equivalent to 12.10% per annum) when each underlier is at or above its 70% Coupon Threshold on the prior observation date. The notes are automatically called if all three underliers are at or above their initial values on a Call Observation Date. At maturity, if the least performing underlier is below its 60% Barrier, principal is reduced in proportion to that underlier's return; otherwise investors receive par (plus any contingent coupon otherwise due).

The public offering price is 100.00%, underwriting discounts are 3.625%, proceeds to RBC are 96.375%, and the issuer's initial estimated value is expected between $907.50 and $957.50 per $1,000 principal amount.

Royal Bank of Canada is offering structured, principal‑at‑risk notes linked to the MSCI EAFE® Index with a trade date of March 31, 2026, an original issue date of April 6, 2026 and a stated maturity of August 6, 2027. For each $1,000 principal note the cash settlement at maturity depends on the index performance from the trade date to the determination date.

The notes feature an upside participation rate of 160%, a cap at 113.90% of the initial index level (maximum settlement $1,222.40 per $1,000), and a protection buffer of 12.50% (buffer level 87.50% of the initial underlier level). The initial estimated value is $994.66 per $1,000, which is less than the original issue price.

Royal Bank of Canada is offering $250,000 of Stepdown Auto-Callable Barrier Notes linked to the Bloomberg US Large Cap VolMax Index with monthly call observation dates and a final Valuation Date on March 31, 2031. The notes pay a quarterly-declining set of call-trigger values and, if called, fixed call settlement amounts (for example, $1,165 on the first call date). If not called, maturity payoff equals $1,000 plus $1,000 times the Underlier Return; if the Final Underlier Value is below the Barrier Value (60% of the Initial Underlier Value), investors can lose a substantial portion or all principal.

The offering price is par and the initial estimated value was $954.04 per $1,000 principal; underwriting discount is 0.75%. All payments are subject to Royal Bank of Canada credit risk and the notes are not FDIC- or CDIC-insured.

Royal Bank of Canada is offering $1,235,000 principal amount of Auto-Callable Contingent Coupon Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index. Trade Date is March 31, 2026, Issue Date April 6, 2026, Valuation Date September 29, 2028, and Maturity Date October 4, 2028. Notes pay a monthly contingent coupon of $12.083 per $1,000 (14.50% per annum if paid) and are auto‑callable quarterly if the Underlier equals or exceeds the Initial Underlier Value. At maturity holders receive full principal if the Final Underlier Value is at or above the Barrier Value (70% of initial); otherwise holders bear downside linked to the Underlier Return. All payments are subject to the Bank's credit risk.

Royal Bank of Canada is offering floored floating rate notes due April 9, 2031 with a minimum investment of $1,000. Interest for each period equals compounded SOFR plus a 0.73% spread, subject to a 0.50% coupon floor. The Issue Date is April 9, 2026, with quarterly interest payments beginning July 9, 2026. The initial estimated value is stated between $985.00 and $992.50 per $1,000, below the public offering price; RBCCM will purchase the Notes at prices between $992.50 and $1,000 per $1,000. Holders may request repurchase on the Repurchase Date scheduled for October 9, 2030 by providing notice and following the specified procedures. All payments are subject to Royal Bank of Canada’s credit risk.

Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P MidCap 400® Index and the Nikkei 225 Index. The notes pay a contingent quarterly coupon at a 10.30% per annum rate only if each underlying is at or above a 70% coupon barrier on the applicable observation dates. The notes are automatically callable beginning one year after the trade date if each underlying is at or above its initial value on a call observation date. If not called, principal repayment at maturity depends on the least performing underlying: if that underlying is below its 70% downside threshold at final valuation, investors suffer a principal loss proportionate to that negative return, up to 100%. Trade Date is April 2, 2026, Final Valuation Date is April 2, 2029, and Maturity Date is April 5, 2029. Payments are subject to RBC credit risk; the notes are unsecured and unlisted.

Royal Bank of Canada is offering $1,000 principal amount Enhanced Return Barrier Notes due April 5, 2029, linked to the least performing of NIKE Class B and RH common stock. The notes pay at maturity based on the least performing underlier: leveraged upside at a 365% Participation Rate, full principal protection if the final value stays at or above the Barrier Value (75% of the Initial Underlier Value), and pro rata loss of principal if the final value falls below the Barrier Value. Initial estimated value is stated between $890.00 and $940.00 per $1,000 and the public offering price is par, subject to underwriting discounts. All payments are subject to Royal Bank of Canada credit risk.

The Royal Bank of Canada is offering $603,000 of Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five bank stocks. The notes have a $1,000 principal per note, trade date March 31, 2026, issue date April 6, 2026, and maturity on April 5, 2029. If the Basket is at or above its initial level on the call observation date, the notes are auto-called and pay $1,160 per $1,000. If not called, the notes pay at maturity with a 150% participation rate for positive basket returns, a 70 (70%) barrier, and full principal only if the final basket value is at or above the barrier; below the barrier investors can lose substantial principal.

Royal Bank of Canada is offering $250,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of three underliers. The notes pay a contingent quarterly coupon of $27.50 per $1,000 (11% per annum) when each underlier is at or above a 75% coupon threshold, are callable on quarterly observation dates beginning September 30, 2026, have an initial estimated value of $972.29 per $1,000 and mature on April 4, 2029. If not called and the least performing underlier finishes below its 75% barrier, principal is reduced in proportion to that underlier’s negative return.

Royal Bank of Canada is offering $2,318,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of The Goldman Sachs Group, Inc.. The Notes pay a contingent quarterly coupon of $27.50 per $1,000 (an annualized 11% per annum) when observation thresholds are met, are auto-called if the Underlier meets the initial level on a Call Observation Date, and, if not called, return principal at maturity only if the Final Underlier Value is at or above the 50% barrier; otherwise investors receive a physical delivery of shares (Physical Delivery Amount = 1.1820 shares per $1,000). Trade Date is March 31, 2026, Issue Date April 6, 2026, Valuation Date March 31, 2028, and Maturity Date April 5, 2028.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of GE Vernova Inc. (ticker GEV). The offering shows a public offering amount of $2,260,000 and proceeds to the Bank of $2,214,800.

The Notes pay a monthly Contingent Coupon of $13.333 per $1,000 principal (annualized 16.00%) when the Underlier meets the monthly Coupon Threshold. The Notes are auto-callable if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date. If not called, maturity is September 30, 2027, with payoff linked to the Final Underlier Value and a Barrier at $426.58 (50% of the Initial Underlier Value). All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering $2,230,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50®. The Notes pay a contingent quarterly coupon of $35 per $1,000 (14% per annum) if each underlier meets its coupon threshold on the prior observation date. The Notes are callable quarterly beginning after approximately six months if all three underliers are at or above their initial values; called Notes pay $1,000 plus the contingent coupon then due. If not called, maturity pay depends on the least performing underlier: if its final value is at or above its barrier (75% of initial), investors receive $1,000; if below the barrier, investors receive $1,000 multiplied by the underlier return, potentially losing a substantial portion or all principal. Trade Date: March 31, 2026; Issue Date: April 6, 2026; Valuation Date: March 29, 2029; Maturity Date: April 4, 2029. The initial estimated value was $973.64 per $1,000, below the public offering price.

Royal Bank of Canada is offering $3,000,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, S&P 500 and EURO STOXX 50. The notes have a Trade Date of March 31, 2026, Issue Date of April 6, 2026, and Maturity Date of April 4, 2029. Coupon payments of $29.375 per $1,000 (11.75% per annum) are payable quarterly only if each underlier meets its 75% Coupon Threshold on the relevant observation date. The notes are auto-callable on quarterly Call Observation Dates if all three underliers are at or above their initial values, and principal at maturity depends on the Final Underlier Value of the Least Performing Underlier.

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500® Index with a two-year term. The notes pay 100% participation up to an 18% maximum upside and provide a 15% buffer against index declines; if the final index value is below the buffer, principal is reduced. The issue price aggregate shown is $1,214,000; the issuer’s initial estimated value per $1,000 principal is $969.96, below the public offering price. All payments are subject to Royal Bank of Canada credit risk and various tax, market‑liquidity and structural risks described in the pricing supplement.

Royal Bank of Canada is offering $465,000 in Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index. The Notes pay at maturity either $1,000 plus 105% of the Underlier Return if the Final Underlier Value is greater than the Initial Underlier Value, or $1,000 if not. The Trade Date is March 31, 2026, Issue Date April 6, 2026, Valuation Date April 2, 2029 and Maturity Date April 5, 2029. Payments are subject to the Bank's credit risk and the Underlier is reduced daily by a 0.5% per annum decrement plus transaction and funding costs.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The offering sells at par with total public offering proceeds of $1,557,000 and proceeds to the Bank of $1,555,410. Each note has a $1,000 principal amount, an initial estimated value of $961.35 per $1,000, a 300% Participation Rate capped by a 21% Maximum Return (maximum maturity payment $1,210 per $1,000), and a 15% downside Buffer (Buffer Value = 85% of initial index level). Trade Date, Issue Date, Valuation Date and Maturity Date are March 31, 2026; April 6, 2026; March 31, 2028; and April 5, 2028, respectively. All payments are subject to the Bank’s credit risk and the notes are not insured deposit obligations.

Royal Bank of Canada priced a structured, non‑interest bearing note linked to a five‑index weighted basket. The notes (aggregate $3,733,000) have a trade date of March 31, 2026, original issue date April 6, 2026, and stated maturity January 14, 2028 (determination date January 12, 2028).

Payment at maturity depends on the basket return (initial level 100) with a 240% upside participation rate, a cap at 110.66% of the initial basket level (maximum settlement amount $1,255.84 per $1,000), and a buffer at 85.00% of the initial basket level that preserves principal only if final basket level ≥ buffer. The initial estimated value was $993.75 per $1,000; the notes are unsecured senior debt and subject to issuer credit risk.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of Adobe, Salesforce, Microsoft, Oracle and Palo Alto Networks. The public offering price is $1,000 per $1,000 principal amount (total shown $747,000) and the initial estimated value is $988.55 per $1,000. The Notes have a Trade Date of March 31, 2026, Issue Date April 6, 2026, Valuation Date and Maturity Date on or about April 2, 2029 and April 5, 2029, respectively. If on the Call Observation Date (April 6, 2027) the Basket closing value is >= the Initial Basket Value the Notes will be automatically called for $1,200 per $1,000. At maturity (if not called) the Notes pay: upside at a 125% Participation Rate if the Final Basket Value > Initial; principal preserved if Final >= Barrier (Barrier = 70% of Initial); and a linear loss (full exposure) if Final < Barrier, exposing investors to substantial principal loss. All payments are subject to RBC credit risk.

Royal Bank of Canada is offering Autocallable Strategic Accelerated Redemption Securities® (STARs®) linked to a basket of three financial stocks, due April 2029. Each note has a $10.00 principal amount and an initial estimated value expected between $9.00 and $9.50 per unit on the pricing date.

The notes pay no periodic interest, are subject to RBC credit risk, and will be automatically called on scheduled Observation Dates if the Basket’s Observation Level is at or above the Call Level. If not called, at maturity the Redemption Amount depends on the Ending Value versus the Threshold Value (equal to the Starting Value), and investors can lose all or part of principal.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Solactive Equal Weight U.S. Semiconductor Select AR Index. The notes are sold at par ($1,000 per note), carry a contingent monthly coupon of 1.0208% (12.25% per annum), and include an automatic call feature if the Underlier on a Call Observation Date is at or above its initial value. The notes pay principal at maturity if the Final Underlier Value is at or above the Barrier Value (70% of the Initial Underlier Value); if below the Barrier Value, investors bear the full downside of the Underlier. The initial estimated value is expected to be between $890.00 and $940.00 per $1,000 on the Trade Date.

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 issued at par with a public offering price of 100.00%, an underwriting discount of 1.00% and net proceeds to the issuer of 99.00%.

The notes have a Trade Date of April 30, 2026, an Issue Date of May 5, 2026, a Valuation Date of October 30, 2028 and a Maturity Date of November 2, 2028. Monthly contingent coupons of $12.292 per $1,000 (1.2292% per month; 14.75% per annum) are payable only if the Underlier is at or above the Coupon Threshold (75% of the Initial Underlier Value) on the relevant observation date. The notes are callable quarterly if the Underlier is at or above the Initial Underlier Value; if not called, principal repayment at maturity depends on the Final Underlier Value relative to the Barrier Value (70% of the Initial Underlier Value).

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000® and the S&P 500®. Notes are sold at 100.00% ($1,000 per $1,000 principal) with an underwriting discount of 0.20%. The Notes pay a contingent quarterly coupon of $28.75 per $1,000 (2.875% per quarter; 11.50% per annum) when each Underlier is at or above a Coupon Threshold set at 65% of its Initial Underlier Value. The Notes are callable if both Underliers are at or above their Initial Underlier Values on a Call Observation Date. If not called, at maturity investors receive principal if the least performing Underlier is at or above its Barrier Value (70% of Initial Underlier Value); otherwise investors suffer a loss equal to the Underlier Return of the least performing Underlier. Key dates: Strike Date March 31, 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 expected to be between $930.00 and $980.00 per $1,000, which is less than the public offering price. All payments are subject to RBC credit risk.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. Key economic terms: Participation Rate 200%, Buffer 15%, and a Maximum Return of 19%–21% (finalized on the Trade Date). Trade Date: April 27, 2026; Issue Date: April 30, 2026; Valuation Date: April 27, 2028; Maturity Date: May 2, 2028. Investors pay par (100% of principal) less underwriting (2.25%); initial estimated value is expected between $916.00 and $966.00 per $1,000 principal. At maturity investors may receive enhanced upside (capped) if the index rises, full principal if the final index value stays above the 85% Buffer Value, or a reduced payment (subject to credit risk) if the index falls below the Buffer Value. The Notes are unsecured debt of RBC and involve principal loss and counterparty/credit and tax risks.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of Adobe, Salesforce, Microsoft, Oracle and Palo Alto Networks.

The notes have a Trade Date of April 30, 2026, Issue Date of May 5, 2026, Valuation Date of April 30, 2029 and Maturity Date of May 3, 2029. If the Basket on the Call Observation Date meets or exceeds the Initial Basket Value, the notes will be automatically called for a payment to be determined on the Trade Date (an illustrative call payment shown is $1,200 per $1,000). At maturity the notes pay linked returns with a Participation Rate of 125% and a Barrier Value of 70% of the Initial Basket Value; if the Final Basket Value is below the Barrier Value investors can lose a substantial portion of principal.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index with a Trade Date of April 30, 2026, Issue Date May 5, 2026 and Maturity Date May 3, 2028. The notes pay a leveraged upside subject to a Participation Rate of 300% and a Maximum Return of 21%–23%, provide a 15% buffer on downside performance, and return principal only if the final index value is at or above the buffer threshold. Public offering price is 100% ($1,000 per $1,000 principal); initial estimated value is expected between $902.60 and $952.60 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 linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes have a Contingent Coupon of $11.25 per $1,000 (1.125% monthly; 13.50% per annum), an initial estimated value of $928.00–$978.00 per $1,000, and a public offering price of $1,000 per $1,000 with underwriting discounts of 1.00% (proceeds to RBC of 99.00%). The Trade Date is April 6, 2026, Issue Date April 9, 2026, Valuation Date March 8, 2027 and Maturity Date March 11, 2027. If not called, principal repayment at maturity depends on the Final Underlier Value of the least performing Underlier versus a Barrier equal to 70% of its Initial Underlier Value; a Final Underlier Value below the Barrier exposes investors to loss of principal.

Royal Bank of Canada is offering two separate capped-return, dual-directional buffer notes linked to the Russell 2000® Index and the EURO STOXX 50® Index. Each offering is sold at par per $1,000 principal amount with an underwriting discount of 1% and separate terms finalized on the Trade Date.

Key economics: Participation Rate 100% (subject to the Maximum Upside Return), a Buffer Percentage of 15%, and issuer-determined Maximum Upside Returns of at least 26% (RTY) and 27% (SX5E). Trade Date is April 30, 2026, Issue Date May 5, 2026, Valuation Date April 28, 2028, and Maturity Date May 3, 2028. Payments at maturity depend on the Final Underlier Value versus the Initial Underlier Value and Buffer Value; 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 equity securities (Adobe, Salesforce, Microsoft, Oracle and Palo Alto Networks). The notes have a Trade Date of April 27, 2026, Issue Date April 30, 2026, Valuation Date April 27, 2029 and Maturity Date May 2, 2029. The Notes pay an automatic call payment if the Basket on the Call Observation Date meets or exceeds the Initial Basket Value; the illustrative call payment is at least $1,160 per $1,000 (116%). If not called, the Notes pay at maturity either leveraged upside at a 125% Participation Rate if the Final Basket Value is higher, return of principal if the Final Basket Value is between the Initial Value and the Barrier Value of 70%, or a loss proportional to the Basket Return if the Final Basket Value is below the Barrier Value. The public offering price is 100% of principal and the underwriting discount is 2.50%. The initial estimated value is expected between $884 and $934 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 least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes are sold at par (100.00%), carry an underwriting discount of 2.00% (proceeds 98.00%), and pay contingent monthly coupons targeted at at least $7.50 per $1,000 (9.00% per annum) if observation thresholds are met.

The notes have a Trade Date of April 27, 2026, Issue Date April 30, 2026, Valuation Date May 27, 2027 and Maturity Date June 2, 2027. They are callable monthly beginning with the October 27, 2026 observation if each underlier is at or above its initial value. At maturity, if not called, principal is returned in full only if the least performing underlier is at or above its barrier (75% of initial); otherwise investors suffer losses proportional to the underlier decline.

Royal Bank of Canada is offering three separate Capped Enhanced Return Buffer Notes linked to the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX) indices. Each note pays at maturity per $1,000 principal depending on index performance: 150% Participation Rate (capped by a Maximum Return), a 10% Buffer that protects limited downside, and final payments subject to the issuer's credit risk. Trade Date is April 30, 2026, Issue Date May 5, 2026, Valuation Date April 28, 2028 and Maturity Date May 3, 2028. Public offering price is 100% of principal; initial estimated values are shown on the cover page and are lower than the public offering price. The pricing supplement outlines risks, secondary-market limitations, tax treatment considerations, and distribution conflicts of interest.

Royal Bank of Canada is offering structured 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, a public offering price of 100.00% ($1,000 per Note), and an underwriting discount of 3.00%, leaving proceeds to the issuer of 97.00%. The Trade Date is April 27, 2026, Issue Date April 30, 2026, Valuation Date October 29, 2029 and Maturity Date November 1, 2029. At maturity investors receive $1,000 + ($1,000 × Underlier Return × 100%) if the Final Underlier Value is greater than the Initial Underlier Value, and $1,000 if not. The Underlier deducts a 0.50% per annum decrement fee and other transaction and funding costs that will reduce index performance. The initial estimated value is stated as between $884.00 and $934.00 per $1,000 principal amount.

Royal Bank of Canada is offering Capped Enhanced Return Dual Directional Buffer Notes linked to the Nasdaq-100 Index® with a public offering price of 100.00% and underwriting discounts of 2.25%. Trade Date is April 27, 2026, Issue Date April 30, 2026, Valuation Date April 27, 2028, and Maturity Date May 2, 2028.

The notes feature a 150% Participation Rate (subject to a 21.50% Maximum Upside Return), a 10% Buffer, an initial estimated value expected between $904.00 and $954.00 per $1,000, and net proceeds to the issuer of 97.75% of the public offering price. All payments are subject to the issuer's credit risk.

Royal Bank of Canada is offering two separate Capped Return Dual Directional Buffer Notes linked to the Russell 2000® Index (RTY) and the EURO STOXX 50® Index (SX5E). Each offering is sold at par per $1,000 principal amount with a minimum investment of $1,000. Key economic terms: Participation Rate 100% (subject to the Maximum Upside Return), a Buffer Percentage of 15%, and a capped Maximum Upside Return (cover page states at least 20.50% for RTY and at least 20% for SX5E; final amount determined on the Trade Date). Trade Date is April 27, 2026, Issue Date April 30, 2026, Valuation Date April 27, 2028, and Maturity Date May 2, 2028. Payments at maturity depend on the Final Underlier Value relative to the Initial Underlier Value and the Buffer Value (85% of the Initial Underlier Value). All payments are subject to Royal Bank of Canada credit risk. The public offering price is 100% with underwriting discount 2.25% and proceeds to RBC of 97.75% per $1,000. The initial estimated value is less than the public offering price and is expected to be within disclosed ranges per $1,000; market value may differ materially.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The Notes are issued in $1,000 minimum denominations, have an Issue Date of May 5, 2026, and a Maturity Date of May 3, 2029.

If the Notes are not called, investors may receive monthly Contingent Coupons of $8.208 per $1,000 (equivalent to 0.8208% per month or 9.85% per annum) when each Underlier is at or above its Coupon Threshold on the prior observation date. The Notes include a 15% Buffer; at maturity, if the Final Underlier Value of the Least Performing Underlier is below its Buffer Value (85% of initial), principal is reduced by the Underlier Return net of the Buffer Percentage. 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 S&P 500® Index, sold in $1,000 principal amount units. The notes mature on May 2, 2028 and pay at maturity a capped upside and a 10% downside buffer. The Participation Rate is 125% and the Maximum Return will be set on the Trade Date between 19.50% and 21.50%, producing a maximum payment of $1,195 to $1,215 per $1,000 principal. Initial estimated values are expected between $908.50 and $958.50 per $1,000 and the public offering price is par. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering Capped Enhanced Return Dual Directional Buffer Notes linked to the Nasdaq-100 Index® with a Participation Rate of 150%, a Maximum Upside Return of 25% (maximum maturity payment $1,250 per $1,000) and a Buffer Percentage of 10%. Trade Date is April 30, 2026, Issue Date May 5, 2026, Valuation Date April 28, 2028 and Maturity Date May 3, 2028. Public offering price is 100.00% ($1,000) with underwriting discounts of 1.00% and expected proceeds to the Bank of 99.00%. The initial estimated value is stated as between $919.00 and $969.00 per $1,000. All payments are subject to the issuer's credit risk and the product includes a detailed risk discussion and U.S. federal tax considerations.

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 April 30, 2026, an Issue Date of May 5, 2026 and a Maturity Date of May 3, 2029. If the Basket is at or above its initial value on the Call Observation Date (May 13, 2027), the Notes will be automatically called for $1,170 per $1,000 principal (117%).

If not called, the Notes pay at maturity either: (i) principal plus 150% participation of positive Basket return; (ii) par if the Final Basket Value is between the Initial Basket Value and the Barrier Value (70); or (iii) a loss proportional to the Basket decline if Final Basket Value is below the Barrier. Initial estimated value is expected between $912.13 and $962.13 per $1,000; underwriting discount is 1.00%. All payments are subject to the issuer's credit risk.

Royal Bank of Canada (RBC) is offering Accelerated Return Notes® linked to the State Street® Energy Select Sector SPDR® ETF (XLE) with an approximately 14-month term. Each note has a $10 principal amount and provides 300% participation in positive changes in XLE subject to a capped return (the Capped Value to be set on the pricing date, indicated between $12.10 and $12.50, representing a 21.00% to 25.00% return). If XLE falls, you have 1:1 downside exposure and could lose part or all of principal. There are no periodic interest payments; payments are made at maturity and are subject to RBC credit risk. The public offering price is $10.00 per unit, the initial estimated value range on the pricing date is expected to be $9.09 to $9.59 per unit, and the notes include an underwriting discount of $0.175 and a hedging-related charge of $0.05 per unit.

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500® Index, sold in minimum $1,000 denominations. The notes pay at maturity based on the Index performance with a Participation Rate of 100%, a Maximum Upside Return of 18.75%, and a Buffer Percentage of 15%. Key dates: Trade Date April 30, 2026; Issue Date May 5, 2026; Valuation Date April 28, 2028; Maturity Date May 3, 2028. The initial estimated value is expected between $922.55 and $972.55 per $1,000, below the public offering price of par. Payments and any recovery of principal at maturity are subject to the issuer'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 with distinct terms. Trade Date is April 27, 2026, Issue Date April 30, 2026, Valuation Date April 27, 2028 and Maturity Date May 2, 2028. The notes provide a 10% buffer and a 150% participation rate subject to a per-offering Maximum Return. Payments at maturity vary by index performance: investors receive leveraged upside up to the Maximum Return, full principal if loss is within the 10% buffer, and pro rata losses beyond the buffer. All payments are subject to Royal Bank of Canada’s credit risk.

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 pay at maturity either principal plus 105% of positive index return or return of principal if the Final Underlier Value is less than or equal to the Initial Underlier Value. The Trade Date is April 30, 2026, Issue Date is May 5, 2026, Valuation Date is April 30, 2029, and Maturity Date is May 3, 2029. Payments are subject to the issuer's credit risk and the Underlier is reduced daily by a 0.50% per annum decrement plus transaction and funding costs that will materially reduce index performance.

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 Notes have a Trade Date of April 27, 2026, Issue Date April 30, 2026, a three-year term with Valuation Date April 27, 2029 and Maturity Date May 2, 2029. If the Basket meets the call condition on the Call Observation Date, the Notes will be automatically called for $1,140 per $1,000 principal (114%). If not called, the Notes pay at maturity based on a Participation Rate of 150% for positive Basket returns, a Barrier Value equal to 70 (70% of initial), and expose holders to full credit risk of RBC and potential principal loss if the Final Basket Value is below the Barrier Value.

Royal Bank of Canada offers STEP Income Securities linked to NVIDIA (NVDA) equity due May, 2027. The notes are senior unsecured debt, $10.00 principal per unit, pay quarterly interest at 14.00% per year, and have a term of approximately one year. At maturity, a Step Payment (determined at pricing, $0.10–$0.50 per unit) is payable if the Ending Value of the Market Measure meets or exceeds the Step Level (114% of the Starting Value). If Ending Value is between the Threshold Value (100%) and the Step Level, holders receive principal; if below the Threshold Value, holders suffer a principal loss pari passu with NVDA performance. Initial estimated value at pricing is expected between $9.03 and $9.53 per unit; public offering price is $10.00 per unit (underwriting discount $0.15; proceeds to RBC $9.85; hedging-related charge $0.05). Payments are subject to RBC credit risk and market factors; notes are not FDIC/CDIC insured and will not be exchange-listed.

Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index due May 1, 2031. The notes pay at maturity either principal plus 135% of the Underlier return if the Underlier is up, or return of principal only if the Underlier is flat or down. The notes carry a decrement fee of 0.5% per annum and other transaction and funding deductions that reduce index performance; all payments are subject to Royal Bank of Canada credit risk. The public offering price is $1,000 per $1,000 principal amount (100.00%) with an underwriting discount of 4.00%. The Trade Date is April 27, 2026, Issue Date April 30, 2026, and Valuation Date April 28, 2031. Investors should review the "Selected Risk Considerations" and the U.S. federal income tax discussion referencing contingent payment debt instrument treatment.

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500® Index. The notes trade with a public offering price equal to par and an underwriting discount of 2.25%. The Participation Rate is 100%, the Maximum Upside Return is 20%, and the Buffer Percentage is 10%. The Trade Date is April 27, 2026, the Issue Date is April 30, 2026, the Valuation Date is April 27, 2028, and the Maturity Date is May 2, 2028. The initial estimated value is expected to be between $910.00 and $960.00 per $1,000 principal amount, which is lower than the public offering price.

Royal Bank of Canada is offering Stepdown Auto-Callable Barrier Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The notes are sold at par (100.00%) with underwriting discounts of 0.15% and expected proceeds to the issuer of 99.85% of principal. The initial estimated value is stated as between $923.00 and $973.00 per $1,000 principal amount. The notes mature April 4, 2030, are callable annually and pay increasing automatic-call amounts if both underliers meet the applicable Call Value, using a call return rate of 13.10% per annum. If not called, maturity payment equals $1,000 plus the Underlier Return of the least performing underlier; a Final Underlier Value below the Barrier Value (75% of the Initial Underlier Value) will result in a reduced principal repayment.

Royal Bank of Canada offers Auto-Callable Trigger PLUS structured notes linked to the Russell 2000® Index maturing April 7, 2031. Each note has a $1,000 stated principal amount, an automatic early‑redemption payment of $1,154.50 (115.45% of principal) if the index on a call observation date is at or above the initial level, and a 140% leverage factor that applies only if the notes are not redeemed early. If the final underlier value is below the trigger (75% of the initial level), investors suffer a 1:1 loss versus the index and may lose their entire principal. Payments are unsecured and subject to Royal Bank of Canada credit risk.