Every 424B that ROYAL BK CDA QUEN PFD (RBMCF) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow RBMCF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RBMCF filings page.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50® indices. The Notes have a public offering price of 100.00% (par) per $1,000 principal amount with an underwriting discount of 2.50%. The Trade Date is April 15, 2026, Issue Date April 20, 2026, Valuation Date April 15, 2030 and Maturity Date April 18, 2030. Contingent coupons will pay quarterly if each underlier is at or above a 70% Coupon Threshold; the contingent coupon is at least $24.375 per $1,000 (at least 9.75% per annum annualized). Notes are auto-callable quarterly beginning with the April 15, 2027 observation if all underliers are at or above their Initial Underlier Values. If not called, maturity payment depends on the least performing underlier: full principal if its final value is at or above its 70% Barrier; otherwise investors absorb the underlier loss on principal. Payments are unsecured obligations of the Bank and subject to its credit risk.
Royal Bank of Canada is offering five separate Auto-Callable Contingent Coupon Barrier Notes, each linked to a single-company equity underlier (Albemarle, Applied Materials, Citigroup, Constellation Energy and General Mills). The notes have quarterly contingent coupons (ranges shown on the cover page), a par public offering price of 100.00%, an underwriting discount of 2.50% and proceeds to the Bank of 97.50% per $1,000 principal amount. Trade Date is April 15, 2026, Issue Date is April 20, 2026, Valuation Date is April 16, 2029 and Maturity Date is April 19, 2029. Each series is quarterly auto-callable beginning on the October 15, 2026 observation (first call observation is the second coupon observation) and pays contingent coupons only if the underlier meets the applicable Coupon Threshold on the prior observation date. Payments at maturity depend on whether the Final Underlier Value is above the Barrier Value; if below, investors bear downside equal to the Underlier Return. 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 the Dow Jones Industrial Average, Nasdaq-100 and S&P 500. The Notes are offered at 100.00% per $1,000 (underwriting discount 0.15%, proceeds 99.85%).
Trade Date: May 1, 2026; Issue Date: May 6, 2026; Valuation Date: May 1, 2029; Maturity Date: May 4, 2029. Contingent Coupon: $7.708 per $1,000 (equivalent to 9.25% per annum) when observation conditions are met. Coupon Threshold and Barrier Value equal 60% of Initial Underlier Value. Notes are auto-callable monthly beginning on the Call Observation Date of May 3, 2027. If not called, principal is repaid in full at maturity only if the Least Performing Underlier’s Final Value is at or above the Barrier; otherwise investors suffer a loss equal to the Underlier Return of the Least Performing Underlier. Initial estimated value is expected between $937.50 and $987.50 per $1,000. All payments are subject to Royal Bank of Canada credit risk; the Notes are not FDIC- or CDIC-insured.
Royal Bank of Canada is offering Redeemable Fixed to Floating Range Accrual Notes linked to the 10‑year CMT rate maturing April 1, 2036. The Notes pay a 9.25% fixed rate through April 1, 2027, then a range‑accrual floating rate determined by the 10‑year CMT with a Lower Barrier 0.00% and Upper Barrier 5.00%. The initial estimated value was $946.80 per $1,000 and the public offering totals $810,000 (underwriting discount 2.71%). All payments are subject to RBC credit risk; the Calculation Agent (RBCCM) determines the Reference Rate and may select a substitute if the 10‑year CMT is discontinued.
Royal Bank of Canada is offering Fixed Coupon Barrier Notes linked to the common stock of Micron Technology, Inc. The notes have a Trade Date of April 15, 2026, an Issue Date of April 20, 2026, a Valuation Date of April 15, 2027 and a Maturity Date of April 20, 2027. Investors receive monthly fixed coupons of $12.917–$13.75 per $1,000 (stated as 15.50%–16.50% per annum). Principal protection is conditional: a Barrier Value equal to 50% of the Initial Underlier Value determines whether full principal is returned. The public offering price is 100.00% of principal with underwriting discounts of 1.50%; the initial estimated value is expected between $917.00 and $967.00 per $1,000. If the Final Underlier Value is below the Barrier Value at maturity, investors suffer a loss linked to the Underlier Return. All payments are subject to the issuer’s credit risk.
Royal Bank of Canada is offering four separate auto-callable contingent coupon barrier notes, each linked to a different equity underlier (Lincoln National, Meta Class A, Newmont, UnitedHealth). Each note pays contingent quarterly coupons (rates range by underlier), can be auto‑called on observation dates, and matures on April 19, 2029.
The public offering price is 100.00% of principal, underwriting discount 2.50%, proceeds to the Bank 97.50%. Initial estimated value per $1,000 will be below the public offering price and will be set on the Trade Date.
Royal Bank of Canada is offering Accelerated Return Notes linked to the Invesco S&P 500® Equal Weight ETF (RSP) due June, 2027. Each note has a $10 principal amount and an approximately 14-month term. The notes provide a 300% Participation Rate in positive ETF performance subject to a Capped Value (expected $11.00–$11.40 per unit, representing a 10.00%–14.00% capped return). The initial estimated value on the pricing date is stated as $9.14–$9.64 per unit; the public offering price is $10.00 per unit, reflecting an underwriting discount of $0.175 and a disclosed hedging-related charge of $0.05 per unit. Payments depend on the Ending Value of RSP, and if the Ending Value is below the Starting Value you may lose all or part of principal. The notes are unsecured senior debt of RBC, not FDIC- or CDIC-insured, not listed, and subject to RBC credit risk.
Royal Bank of Canada is offering $1,765,000 of structured notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50®. The notes pay a 13% per annum contingent coupon (paid quarterly as $32.50 per $1,000) if each underlier meets quarterly coupon thresholds, are auto‑callable if all underliers close at or above their initial values on a call observation date, and mature on April 2, 2029 with principal protected only if the least performing underlier finishes at or above its 75% barrier; otherwise principal is reduced by the underlier return. The trade date is March 27, 2026 and the issue date is April 1, 2026.
Royal Bank of Canada offers $1,206,000 of Capped Return Buffer Notes linked to the Nasdaq-100 Index®. The Notes issue on April 1, 2026 and mature on July 1, 2027. Investors receive up to a 12.65% capped gain, a 20% downside buffer, a 100% participation rate (subject to the cap) and payments are subject to the Bank's credit risk. The Notes pay at maturity based on the Final Underlier Value on the Valuation Date of June 28, 2027. The public offering price is $1,206,000 in aggregate ($1,000 per note) and the initial estimated value is $972.73 per $1,000 principal amount.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500. The Notes are sold at par with a 1.00% underwriting discount and pay a contingent quarterly coupon of $27.50 per $1,000 (2.75% per quarter; 11.00% per annum) when each index is at or above its 70% coupon threshold on the observation date. The Notes have a Trade Date of April 6, 2026, Issue Date April 9, 2026, Valuation Date April 6, 2029 and Maturity Date April 11, 2029. If called early, investors receive $1,000 plus the contingent coupon otherwise due; at maturity, payment depends on the least performing underlier relative to its 60% barrier and may result in substantial principal loss. The initial estimated value is stated between $947.00 and $997.00 per $1,000 principal amount.
Royal Bank of Canada is offering three separate Auto-Callable Contingent Coupon Barrier Notes with a memory coupon feature, each linked to a single-equity Underlier: Goldman Sachs, Cloudflare (Class A), and Target. The Notes pay quarterly contingent coupons (11.00%, 15.50%, 10.75% per annum) when the Underlier meets the Coupon Threshold on observation dates and may be automatically called if the Underlier is at or above its initial value on a Call Observation Date. If not called, principal repayment at maturity depends on the Final Underlier Value relative to the Barrier Value; holders can lose a substantial portion or all principal if the Final Underlier Value is below the Barrier. Trade Date is March 27, 2026; Issue Date is March 31, 2026; Valuation Date is March 26, 2029; Maturity Date is March 29, 2029. 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 Dow Jones Industrial Average®, the Nasdaq-100® and the Russell 2000®. The offering is priced at par ($1,000 per note) with an underwriting discount of 3.25%. The Trade Date is April 7, 2026, Issue Date is April 10, 2026, Valuation Date is January 7, 2031 and Maturity Date is January 10, 2031. If not called, notes pay a monthly contingent coupon of $7.625 per $1,000 (equivalent to 9.15% per annum) when each underlier is at or above a 70% coupon threshold on observation dates. Notes may be automatically called quarterly if every underlier is at or above its Initial Underlier Value on a Call Observation Date; call settlement pays principal plus the contingent coupon otherwise due. Initial estimated value is stated as between $877.50 and $927.50 per $1,000 principal amount. All payments are subject to Royal Bank of Canada credit risk; the notes are not FDIC- or CDIC-insured.
Royal Bank of Canada is offering Fixed Coupon Barrier Notes linked to Oracle Corporation common stock. The notes pay a monthly fixed coupon of $8.958 per $1,000 (10.75% per annum) from an Issue Date of March 31, 2026 to a Maturity Date of March 31, 2027. If the Final Underlier Value is at or above the Barrier Value (50% of the Initial Underlier Value, $69.83), investors receive principal at maturity; if the Final Underlier Value is below the Barrier Value, repayment is reduced pro rata by the Underlier Return and investors can lose a substantial portion or all principal. Payments are subject to the Bank’s credit risk and additional risks, tax uncertainty, and limited secondary market liquidity.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of The Goldman Sachs Group, Inc. The Notes have a public offering price of 100% (par), an initial estimated value of $925.50–$975.50 per $1,000, an underwriting discount of 1.75%, and a contingent quarterly coupon that, if payable, is at least $26.625 per $1,000 (at least 10.65% per annum). The Notes have a Trade Date of March 31, 2026, Issue Date April 6, 2026, and Maturity Date April 5, 2028. Coupons are paid quarterly only if the Underlier meets the Coupon Threshold on observation dates; notes are auto-called if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date. At maturity, if not called and the Final Underlier Value is below the Barrier (50% of Initial Underlier Value), investors receive shares equal to the Physical Delivery Amount, which may be worth substantially less than principal. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Dual Directional Barrier Notes linked to the least performing of CrowdStrike Class A and Palo Alto Networks common stock. The offering size shown is $3,539,000 (public offering price 100%). Trade Date is March 26, 2026, Issue Date March 31, 2026, Valuation Date March 26, 2029 and Maturity Date March 29, 2029. The Notes pay $1,305 per $1,000 if automatically called on the Call Observation Date and otherwise pay at maturity based on the Final Underlier Value of the Least Performing Underlier, a 150% Participation Rate on positive returns, and a 55% Barrier (55% of initial values). The initial estimated value is $952.87 per $1,000, and all payments are subject to Royal Bank of Canada credit risk; investors can lose a substantial portion or all principal.
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 have a Contingent Coupon of $10.00 per $1,000 principal (1.00% monthly; 12.00% per annum), an Initial Underlier Value of 39,559.75, a Coupon Threshold of 29,669.81 (75%), and a Barrier Value of 27,691.83 (70%). Trade Date is March 26, 2026, Issue Date March 31, 2026, Valuation Date September 26, 2028, and Maturity Date September 29, 2028. The initial estimated value is $954.61 per $1,000 principal amount, below the public offering price; underwriting discount is 2.25% and proceeds to Royal Bank of Canada are 97.75%. Payments depend on monthly observation dates, quarterly call observations and the final performance of the Underlier; if Final Underlier Value is below the Barrier Value, investors can lose a substantial portion or all principal.
Royal Bank of Canada priced market-linked auto-callable notes with a face amount of $1,000 per security, an initial estimated value of $901.50–$951.50 and an expected contingent coupon rate of at least 12.50% per annum. The notes link to the lowest performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50, feature quarterly contingent coupon tests, an automatic call if the lowest performing Index closes at or above its starting value on certain quarterly calculation days, and a maturity date of May 3, 2029. If not called, principal at maturity equals $1,000 if the lowest performing Index is >= 75% of its starting value, otherwise principal is reduced pro rata by that Index’s performance.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of GE Vernova Inc. The notes have a $1,000 principal amount per note, a contingent monthly coupon of $13.333 (1.3333% monthly; 16.00% per annum) if the underlier meets the coupon threshold, a barrier and coupon threshold at 50% of the Initial Underlier Value ($426.58 based on the stated Initial Underlier Value), automatic monthly call feature beginning with the September 28, 2026 observation, a Valuation Date of September 27, 2027 and a Maturity Date of September 30, 2027. If not called, payment at maturity is full principal if the Final Underlier Value is at or above the Barrier; otherwise investors suffer a proportional principal loss equal to the Underlier Return. The initial estimated value is expected to be between $910.00 and $960.00 per $1,000 principal amount and the public offering price is 100.00% (underwriting discounts 2.00%). All payments are subject to Royal Bank of Canada credit risk and the pricing supplement urges review of risk factors and tax considerations.
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 are offered at 100% of par with underwriting discounts of 2.00%, an initial estimated value below the public offering price, a minimum contingent coupon of $32.50 per $1,000 (at least 13.00% per annum if payable), a Barrier and Coupon Threshold at 75% of each Initial Underlier Value, quarterly observation/payment dates, automatic call if all underliers are at or above initial levels on a Call Observation Date, and final maturity payment that can return less than principal if the least performing underlier finishes below its Barrier.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes totaling $2,048,000. The Notes carry a 4.50% per annum fixed interest rate, pay interest annually, mature on March 31, 2031, and are redeemable at the Bank's option on call dates beginning March 31, 2028. Payments are subject to the Bank's credit risk and the Notes are subject to Canadian bail-in powers under the CDIC Act, which can convert principal and accrued interest into common shares. The offering shows underwriting discounts of $23,347.20 and proceeds to the Bank of $2,024,652.80. The Notes are issued in minimum denominations of $1,000 and have CUSIP 78014RN22.
Royal Bank of Canada is offering auto-callable structured notes linked to the least-performing share of CrowdStrike (Class A) and Palo Alto Networks. The offering totals $3,549,000 at a public offering price of 100% per $1,000 note; the initial estimated value is $952.87 per $1,000. Notes mature March 29, 2029, with a call feature on April 1, 2027: if both underliers close at or above their initial values on the Call Observation Date, holders receive $1,305 per $1,000 (130.50%). If not called, payoff depends on the least-performing underlier, a 55% barrier and a 150% participation rate on positive performance; full or partial principal loss can occur if the least-performing underlier falls below its barrier. All payments are subject to RBC credit risk and various tax and distribution provisions as described.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to the Russell 2000® Index with a total public offering amount of $2,116,000. The Notes pay $1,105 per $1,000 on an automatic call and otherwise provide a 150% participation in positive index performance at maturity, a 75% barrier for principal protection, and an initial estimated value below par. All payments are subject to the Bank's credit risk; terms include potential postponement of valuation and payment dates.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five U.S. bank stocks (Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo). The trade date was March 26, 2026, issue date March 31, 2026, valuation date March 26, 2029 and maturity date March 29, 2029. The notes pay $1,125 per $1,000 (112.50%) if automatically called on the call observation date; otherwise maturity pay depends on the Basket Return, a 70 (70%) barrier and a 150% participation rate. The public offering aggregate is stated as $1,573,000; proceeds to the issuer are $1,537,395. All payments are subject to the issuer’s credit risk and the notes are not FDIC- or CDIC-insured.
Royal Bank of Canada is offering Autocallable Strategic Accelerated Redemption Securities® (STARs®) linked to an international equity index basket due March 29, 2029. The public offering price is $10.00 per unit (aggregate $13,817,770.00), with an underwriting discount of $0.20 and proceeds to RBC of $13,541,414.60. The initial estimated value on the pricing date was $9.65 per unit, below the offering price.
The notes are senior unsecured debt of RBC, are not insured, and are subject to RBC credit risk. They are autocallable on Observation Dates (March 31, 2027, March 23, 2028, March 22, 2029); Call Level and Threshold Value equal the Starting Value (100.00). If called, investors receive specified Call Amounts per unit including Call Premiums; if not called and the Ending Value is below the Starting Value, investors may lose all or part of principal.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to Apple Inc. The offering totals $520,000 at the public offering price, with proceeds to the issuer of $507,317.50 (97.561%). The Trade Date is March 27, 2026, Issue Date March 31, 2026, Valuation Date March 26, 2029 and Maturity Date March 29, 2029. The Notes pay a Contingent Coupon of $25.00 per $1,000 (2.50% per quarter; 10.00% per annum) when the Underlier meets the Coupon Threshold; they are auto-callable if Apple closes at or above the Initial Underlier Value on a Call Observation Date. At maturity, if the Final Underlier Value is below the Barrier (75% of the Initial Underlier Value), investors receive a payoff reduced by the Underlier Return and may lose a substantial portion or all principal; all payments are subject to the Bank's credit risk.
Royal Bank of Canada (RBC) is offering Accelerated Return Notes® linked to the Russell 2000® Index due May 28, 2027. The public offering size is $67,655,565.00 at $10.00 per unit; the initial estimated value on the pricing date was $9.71 per unit. The notes provide a 300% Participation Rate subject to a Capped Value of $12.26 per unit (a 22.60% maximum return). The term is approximately 14 months and payments depend on the Index’s Ending Value and RBC’s creditworthiness. Fees include an underwriting discount of $0.175 and a hedging-related charge of $0.05 per unit. The Starting Value on the pricing date was 2,493.321. These are senior unsecured debt obligations, not FDIC/CDIC insured, and expose holders to principal loss if the Market Measure declines.
Royal Bank of Canada is issuing Accelerated Return Notes® linked to the Global X Robotics & Artificial Intelligence ETF (BOTZ) due May 28, 2027. The offering is for $19,904,790.00 at a $10.00 public offering price per unit; the initial estimated value at pricing was $9.80 per unit. The notes provide a 300% participation rate subject to a $12.136 Capped Value (a 21.36% capped return over principal). The Starting Value of the Market Measure was $33.29. The term is approximately 14 months and payments are unsecured and subject to RBC credit risk. Fees include a $0.175 underwriting discount and a hedging-related charge of $0.05 per unit.
Royal Bank of Canada is offering $1,006,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50, maturing March 29, 2030. The Notes pay a contingent quarterly coupon of 2.375% (annualized 9.50%) when each underlier meets a 70% coupon threshold on observation dates and are auto-called if all three underliers are at-or-above their initial values on a call observation date.
The Trade Date is March 27, 2026, Issue Date March 31, 2026, and the Valuation Date is March 26, 2030. The initial estimated value is $942.90 per $1,000 principal amount; public offering price is par. Proceeds to the Bank equal $980,850 after underwriting discounts of 2.50% ($25,150).
Royal Bank of Canada is offering 3,530,467 Accelerated Return Notes® linked to an international equity index basket with a $10.00 principal amount per unit. The notes mature on May 28, 2027 and have a Participation Rate of 300% with returns capped at $12.025 per unit (20.25% return). The initial estimated value on the pricing date was $9.67 per unit; public offering price is $10.00 per unit, with an underwriting discount of $0.175 and a hedging-related charge of $0.05 per unit. Investors bear full issuer credit risk, 1:1 downside to the Basket (100% principal at risk), no periodic interest, limited secondary-market liquidity, and payments occur only at maturity.
Royal Bank of Canada is offering five separate Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon, each linked to a single equity underlier. The offerings list per-offering Contingent Coupon Rates (10.00%–13.75%), initial estimated values per $1,000, and aggregate public offering amounts totaling $17,248,000. Trade Date is March 27, 2026, Issue Date March 31, 2026, Valuation Date March 26, 2029, and Maturity Date March 29, 2029. Notes pay quarterly contingent coupons when the underlier meets the coupon threshold; unpaid coupons carry forward once and may be paid later (memory feature). Notes are auto-called if an observation value is at or above the initial underlier value; at maturity investors may lose principal if the final underlier value is below the barrier. All payments are subject to the issuer’s credit risk.
The Royal Bank of Canada is offering STEP Income Securities linked to the common stock of Freeport-McMoRan Inc. (NYSE: FCX). The notes are senior unsecured debt with a $10 principal per unit, quarterly interest at 15.00% per year, a $1.35 Step Payment if the Ending Value meets the Step Level, and maturity on April 9, 2027. Redemption at maturity depends on the Ending Value relative to the Step Level $64.20 and the Threshold Value $55.83; if the Ending Value is below the Threshold Value, investors can lose principal. The initial estimated value at pricing was $9.73 per unit and the public offering price is $10.00 per unit; underwriting and hedging charges reduce economic terms to investors.
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 offering price is $1,647,000 in aggregate, with proceeds to the Bank of $1,609,510. The Notes carry a 70 (70%) Barrier, a 125% Participation Rate at maturity if not called, and an automatic call feature that pays $1,160 per $1,000 principal if the Basket meets the call condition on the Call Observation Date.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the S&P 500 Index. The Notes have a Participation Rate of 150%, a Maximum Return of 14.50% (maximum maturity payment $1,145 per $1,000) and a 15% buffer (buffer value = 85% of the initial index level). Trade Date is March 26, 2026, Issue Date March 31, 2026, Valuation Date September 27, 2027 and Maturity Date September 30, 2027. If the final index value is at or above the buffer value but below the initial value, investors receive principal; if below the buffer value, losses occur reduced by the 15% buffer. All payments are subject to the issuer's credit risk.
Royal Bank of Canada is offering two series of Capped Return Dual Directional Buffer Notes, each linked to a different equity index (Nasdaq-100 and Russell 2000). Each $1,000 note matures on March 30, 2028 and pays based on the Underlier Return, a 15% buffer, a 100% participation rate and a capped upside. The cover pages show a Maximum Upside Return of 17.50% (NDX) and 19.25% (RTY). Initial estimated values per $1,000 are listed below and are less than the public offering price; all payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering Barrier Digital Notes linked to the least performing of the MSCI Emerging Markets Index and the EURO STOXX 50® Index. The offering totals $3,096,000 at a public offering price of $1,000 per $1,000 principal amount, with an initial estimated value of $915.93 per $1,000.
The Trade Date is March 26, 2026, Issue Date is March 31, 2026, Valuation Date is March 26, 2031 and Maturity Date is March 31, 2031. Payments at maturity depend on the Final Underlier Value of the Least Performing Underlier, a fixed Digital Return of 63.50%, and a Barrier set at 70% of each Initial Underlier Value. All payments are subject to the Bank's credit risk and the notes are not FDIC- or CDIC-insured.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes with a stated interest rate of 4.60% per annum. The Notes are issued in minimum denominations of $1,000, priced to the public at an aggregate $3,015,000, with proceeds to the Bank of $2,987,865. The Notes issue on March 31, 2026 and mature on March 31, 2033, with the Bank able to redeem in whole on any Call Date beginning on March 31, 2029. Interest is paid semiannually on the last calendar day of March and September. The Notes are subject to Canadian bail-in powers and are not deposit-insured; all payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering Accelerated Return Notes® linked to the Invesco S&P 500® Equal Weight ETF (RSP), maturing May 28, 2027. The notes are senior unsecured debt that provide a leveraged upside (300% Participation Rate) subject to a capped return of $11.426 per unit. The public offering price is $10.00 per unit and the initial estimated value on the pricing date was $9.73 per unit. At maturity you receive a cash Redemption Amount based on the averaged Ending Value during the Maturity Valuation Period; if the Ending Value is below the Starting Value you may lose all or part of principal. Payments are subject to RBC credit risk, underwriting and hedging charges (including a disclosed $0.05 per unit hedging-related charge).
Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index (Bloomberg: SPMKTD). The offering totals $1,766,000 at public offering terms, with proceeds to the Bank of $1,718,435. The Notes pay at maturity either principal plus 105% participation in any positive Underlier return or return of principal if the Underlier is flat or negative; payments are subject to the Bank's credit risk. Key dates include Trade Date March 26, 2026, Issue Date March 31, 2026, Valuation Date September 26, 2029 and Maturity Date October 1, 2029. The Notes have an initial estimated value of $934.89 per $1,000 and include multiple index fees and funding/transaction costs that will reduce Underlier performance.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The pricing supplement shows a public offering amount of $1,067,000 and proceeds to the Bank of $1,045,612.50. Key economic terms: Participation Rate 200% (subject to a 19% Maximum Return), Buffer Percentage 15%, Initial Underlier Value 5,565.93 (Buffer Value 4,731.04), Trade Date March 26, 2026, Issue Date March 31, 2026, Valuation Date March 27, 2028 and Maturity Date March 30, 2028. The initial estimated value is $947.93 per $1,000; the Notes are unsecured debt, not FDIC/CDIC insured, and subject to the Bank’s credit risk and the detailed risks in the pricing supplement and accompanying prospectuses.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an unequally weighted basket of the EURO STOXX 50®, Nikkei 225, FTSE 100, SMI and S&P/ASX 200 indices. The Trade Date is March 26, 2026, Issue Date March 31, 2026, Valuation Date March 26, 2031 and Maturity Date March 31, 2031.
If the Notes are called on the Call Observation Date, investors receive $1,110 per $1,000 principal (111%). If not called, maturity payouts depend on the Basket Return: a Participation Rate of 150% applies for positive returns, a Barrier Value of 75% (Initial = 100) preserves principal if Final ≥ Barrier, and losses occur if Final < Barrier. The initial estimated value is $933.15 per $1,000, below the public offering price.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes have a Trade Date of April 2, 2026, Issue Date of April 8, 2026, Valuation Date of April 2, 2031 and Maturity Date of April 7, 2031. Investors may receive a monthly Contingent Coupon of $6.708 per $1,000 (8.05% per annum) only if each Underlier meets its Coupon Threshold (70% of its initial value) on the relevant observation dates. The Notes are automatically called when, on a Call Observation Date, each Underlier is at or above its initial value; if called, investors receive principal plus any contingent coupon due.
At maturity, if not called, full principal is returned only if the Least Performing Underlier is at or above its Barrier (60% of initial value); otherwise investors suffer a loss equal to the Underlier Return of that Least Performing Underlier. Initial estimated value is stated to be between $875.00 and $925.00 per $1,000, below the public offering price.
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 monthly coupon of $6.667 per $1,000 (8.00% per annum) when each index meets its coupon threshold and are callable if, on a call observation date, each index is at or above its initial value. The notes mature on April 29, 2027 with a valuation date of April 26, 2027; if not called, principal at maturity depends on the performance of the least performing underlier versus its 75% barrier, and investors may lose a substantial portion or all principal if that least performing index finishes below its barrier. The initial estimated value is $949.63 per $1,000, below the public offering price.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the S&P 500® Index with a total public offering amount of $710,000. The Notes pay at maturity based on S&P 500 performance with a 125% Participation Rate, a 10% buffer and an 18% Maximum Return (maximum payment $1,180 per $1,000). The Trade Date is March 26, 2026, Issue Date March 31, 2026, Valuation Date March 27, 2028 and Maturity Date March 30, 2028. Payments are subject to Royal Bank of Canada credit risk; the initial estimated value was $951.91 per $1,000 principal amount and the public offering price was par.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the EEM Fund, IWM Fund and the SX5E Index. The offering totals $1,475,000 at a public offering price of 100.00% ($1,000 per $1,000 principal).
The Notes pay a monthly contingent coupon of $12.625 per $1,000 (annualized 15.15% per annum) when each Underlier is at or above its 85% Coupon Threshold on the preceding observation date, feature automatic monthly callability beginning on the Call Observation Date on March 30, 2027, and have a Valuation Date of March 27, 2028 with Maturity on March 30, 2028. If not called, principal repayment at maturity depends on the Final Underlier Value of the Least Performing Underlier versus its 70% Barrier Value and may result in substantial loss of principal.
Royal Bank of Canada is offering Capped Enhanced Return Geared Buffer Notes linked to the S&P 500® Index with a public offering amount of $3,900,000 at par. The Notes mature on November 1, 2027 (valuation date October 26, 2027) and pay based on index performance with a 150% participation rate, a Maximum Return of 18.75% (maximum payoff $1,187.50 per $1,000), an 80% Buffer Value (20% buffer) and a Downside Multiplier of 1.25. Payments are subject to Royal Bank of Canada credit risk and U.S. federal income tax treatment described by counsel; investors could lose some or all principal.
Royal Bank of Canada is offering Dual Directional Buffer Digital Notes linked to the S&P 500® Index. The Notes have a $1,000 minimum and trade on a Trade Date of April 24, 2026 with Issue Date April 29, 2026
Key economics: public offering price is 100.00% of principal, underwriting discount 1.00% (proceeds to RBC 99.00%), an initial estimated value expected between $933.40 and $983.40 per $1,000, a Digital Return of 8%, a Buffer Percentage of 14%, a Buffer Value equal to 86% of the Initial Underlier Value and a Digital Barrier equal to 92% of the Initial Underlier Value. Valuation Date is May 24, 2027 and Maturity Date is May 27, 2027.
Payments at maturity vary by final index level: if Final Underlier ≥ Digital Barrier you receive principal plus the Digital Return (capped at 8%); if Final Underlier < Digital Barrier but ≥ Buffer Value you receive principal plus the absolute value of a negative Underlier Return (capped at 14%); if Final Underlier < Buffer Value you may lose some or a substantial portion of principal. All payments are subject to RBC credit risk.
Royal Bank of Canada is offering Stepdown Auto-Callable Barrier Notes linked to the Bloomberg US Large Cap VolMax Index, with a public offering price of $1,000 per $1,000 principal amount and proceeds to the issuer of 99.25% of the public offering price. The notes have a Trade Date: March 31, 2026, Issue Date: April 6, 2026, and final Valuation Date: March 31, 2031 with maturity on April 3, 2031.
The notes are monthly auto-callable beginning ~one year after issuance with a stated call return rate of 16.50% per annum and a stepdown Call Value that declines quarterly to a Barrier Value equal to 60% of the Initial Underlier Value. If not called, maturity payout equals $1,000 plus $1,000×Underlier Return, exposing investors to substantial principal loss if the Final Underlier Value is below the Barrier Value. All payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering senior, market-linked, auto-callable notes due May 3, 2029
Each security has a face amount of $1,000. The notes pay a contingent quarterly coupon (the contingent coupon rate will be set on the pricing date and will be at least 10.90% per annum) if the lowest performing index on a quarterly calculation day is at or above its coupon threshold (equal to 75% of the index starting value). The notes are linked to the lowest performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, carry full downside exposure below the downside threshold (also 75% of the starting value), and may be automatically called for face amount plus a final coupon if the lowest performing index on specified quarterly observation dates is at or above its starting value.
Key dates and figures in the excerpt: pricing date April 30, 2026, issue date May 5, 2026, final calculation day April 30, 2029, stated maturity May 3, 2029, original offering price $1,000.00, agent discount $23.25, proceeds to RBC per security $976.75, and an initial estimated value range of $903.50 to $953.50 per security.
All payments are subject to Royal Bank of Canada credit risk; these are complex structured debt securities with significant principal-at-risk features.
Royal Bank of Canada is offering $1,162,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000® and S&P 500® Indices. The Notes pay a monthly contingent coupon of $8.625 per $1,000 (10.35% annualized) if each underlier meets a 70% coupon threshold on observation dates. The Notes are callable quarterly if both underliers close at or above their initial values; if not called, principal protection depends on the least performing underlier remaining at or above a 70% barrier at maturity on March 27, 2028 with maturity on March 30, 2028. Initial estimated value was $980.77 per $1,000; payments remain subject to the Bank’s credit risk and to the detailed risk factors and tax considerations in the pricing supplement.
Royal Bank of Canada is offering non‑interest senior notes linked to a weighted basket of five international equity indices with a trade date in March 2026. The initial basket level is 100 and weights are: EURO STOXX 50 40.00%, TOPIX 25.00%, FTSE 100 17.00%, Swiss Market Index 11.00%, S&P/ASX 200 7.00%.
The notes mature about 21–24 months after the trade date. Payouts at maturity depend on the basket return: investors receive the principal if the final basket level is ≥ the buffer level of 85.00%; positive returns above the initial level participate at an upside participation rate of 240% but are capped at a cap level expected between 109.40% and 111.05%, producing a maximum settlement amount expected between $1,225.60 and $1,265.20 per $1,000 principal. If the final basket level is below the buffer level, the investment declines pro rata; total loss is possible.
The original issue price is 100.00%, the initial estimated value is expected between $959.70 and $989.70 per $1,000, and the notes will not pay interest, will not be listed, and are subject to RBC credit risk.