ROYAL BK CDA QUEN PFD 424B Filings

Royal Bank of Canada (issuer) offers principal-protected-at-threshold structured notes linked to the S&P 500® Index with a $1,000 face amount. Trade date is March 25, 2026 and original issue (settlement) date is March 30, 2026. The notes pay no interest and may be automatically called on the call observation date April 2, 2027 if the closing index level is ≥ the call level of 100.00% of the initial underlier level (6,591.90), producing a cash payment of principal plus a call premium of 10.10% (maximum call payment $1,101.00 per note).

If not called, final settlement at the stated maturity March 29, 2028 depends on the final underlier level. Protection applies at the threshold level of 90.00%; the threshold settlement amount is $1,202.00. The upside participation rate is 200%. The initial estimated value on the trade date was $978.12 per $1,000 principal amount; the original issue price is 100.00% and the underwriting discount is 2.00%. The notes are unsecured senior debt and subject to the issuer's credit risk.

Royal Bank of Canada is offering redeemable fixed rate notes due April 14, 2033. The Notes pay 5.00% per annum annually, are issued at par-like prices (subscription range shown), have a minimum investment of $1,000, and are callable by the Bank on any Call Date beginning April 14, 2028 with 10 business days' prior notice. The Notes are subject to Canadian bail-in powers under the CDIC Act and will not be insured by Canadian or U.S. deposit insurance. Payments on the Notes are subject to the Bank’s credit risk and the offering is governed by the referenced prospectus, prospectus supplement and product supplement.

The Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of United Rentals, Inc. The public offering totals $1,017,000 in $10 principal notes with a minimum investment of $1,000. The notes pay a contingent quarterly coupon at a 12.80% per annum rate (3.20% per quarter) only if the Underlying closes at or above the Coupon Barrier of $410.76 (55% of the Initial Underlying Value). The Initial Underlying Value is $746.84. The notes are automatically callable on quarterly Call Observation Dates if the Underlying closes at or above the Initial Underlying Value; if called, investors receive principal plus the applicable contingent coupon. If not called, at maturity on March 31, 2027 payment depends on the Final Underlying Value observed on March 25, 2027: full principal plus final contingent coupon is paid if the Final Underlying Value is at or above the Downside Threshold ($410.76); if below, repayment equals $10 + ($10 × Underlying Return), exposing investors to up to 100% principal loss. All payments are subject to the Bank’s creditworthiness. Trade and settlement dates: March 25, 2026 and March 30, 2026. The Calculation Agent is RBC Capital Markets, LLC.

Royal Bank of Canada is offering Auto-Callable Fixed Coupon Barrier Notes linked to the lesser-performing common stock of Halliburton Company and Prologis, Inc. The Notes pay a Fixed Coupon of 8.20% per annum ( $6.833 per $1,000 monthly) and are offered at par with an underwriting discount of 2.50%.

If on any Call Observation Date both Underliers are at or above their Initial Underlier Values the Notes will be automatically called and investors receive principal plus the Fixed Coupon otherwise due. If not called, at maturity investors receive principal if the Least Performing Underlier is at or above its Barrier (50% of initial); otherwise investors receive a physical delivery of shares of the Least Performing Underlier equal to the specified Physical Delivery Amount, which may be worth significantly less than principal. All payments are subject to the Bank's credit risk; tax treatment is uncertain per the U.S. federal income tax discussion.

Royal Bank of Canada offers Redeemable Fixed Rate Notes due April 17, 2031. The Notes pay $4.75% per annum, payable semiannually beginning on October 17, 2026, with an Issue Date of April 17, 2026 and a Maturity Date of April 17, 2031.

The Notes are callable at RBC’s option on each Interest Payment Date beginning October 17, 2027, are subject to Canadian bail-in conversion under the CDIC Act, and are unsecured obligations carrying the Bank’s credit risk. Initial public offering price ranges between $985.00 and $1,000.00 per $1,000 principal amount.

Royal Bank of Canada is offering market-linked Senior Global Medium-Term Notes (Series J) linked to NVIDIA Corporation with a $1,000 face amount per security. The preliminary pricing supplement sets an initial estimated value between $919.00 and $969.00 per security and an original offering price of $1,000.00. Issue date is April 21, 2026 and stated maturity is June 21, 2027. Key economic terms disclosed include a 15% buffer, 150% upside participation up to a maximum return that will be at least 31% ($310) of face amount, and the possibility of losing up to 85% of face amount if the ending value is below the threshold (85% of the starting value). The pricing supplement notes the securities are unsecured obligations of Royal Bank of Canada, subject to the Bank’s credit risk, do not pay interest, and include hedging- and distribution-related costs that reduce the initial estimated value relative to the offering price.

Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index with a Participation Rate of 125%. Per $1,000 principal, investors receive at maturity either $1,000 (if the Final Underlier Value is less than or equal to the Initial Underlier Value) or $1,000 plus 125% of the Underlier Return (if the Final Underlier Value is greater than the Initial Underlier Value). The Trade Date is April 1, 2026, Issue Date is April 7, 2026, Valuation Date is April 2, 2029, and Maturity Date is April 5, 2029. The pricing supplement states the public offering price is 100.00% of par, underwriting discounts are 0.60%, and proceeds to the issuer are 99.40%. The initial estimated value is expected to be between $920.00 and $970.00 per $1,000 principal amount and will be less than the public offering price. All payments are subject to the Bank's credit risk.

Royal Bank of Canada is offering Contingent Income Auto-Callable Securities linked to the common stock of ConocoPhillips. Each security has a stated principal amount of $1,000, a contingent quarterly coupon of $25.50 (2.55%, 10.20% annual) payable only when the underlier is at or above the downside threshold (65% of the initial underlier value). The securities may be automatically redeemed early if the underlier equals or exceeds the redemption threshold (100% of initial value) on a determination date. If not redeemed, maturity is April 7, 2027; if the final underlier value is below the downside threshold, payment at maturity is the stated principal multiplied by final/initial underlier value, exposing investors to loss of principal (possible total loss). Price to public is $1,000.00; initial estimated value was between $927.90 and $977.90. All payments are subject to RBC credit risk.

Royal Bank of Canada is offering structured Notes linked to the performance of the S&P 500 Market Agility 10 TCA 0.5% Decrement Index (the Underlier). The Trade Date is March 26, 2026, Issue Date March 31, 2026, Valuation Date September 26, 2029 and Maturity Date October 1, 2029. The Notes pay 100% Participation on any upside: at maturity investors receive $1,000 + ($1,000 × Underlier Return × 100%) if the Final Underlier Value exceeds the Initial Underlier Value; otherwise they receive $1,000. All payments are subject to the issuer’s credit risk.

The Underlier applies a 0.5% annual decrement and daily funding/transaction costs and uses volatility-targeting and long/short exposures; those deductions and funding/roll costs reduce the Underlier’s performance and therefore the Notes’ return. The initial estimated value is stated to be below the public offering price; secondary market values may differ materially.

Royal Bank of Canada is offering Redeemable Fixed Rate Notes due April 17, 2029 with an interest rate of 4.50% paid semiannually. The Pricing Date is April 15, 2026 and the Issue Date is April 17, 2026. Minimum investment is $1,000.

The underwriter, RBC Capital Markets, LLC, will purchase the Notes at prices between $990.00 and $1,000.00 per $1,000 principal amount; underwriting concessions of up to $10.00 per $1,000 may be paid to selected broker-dealers. The Notes are redeemable at the issuer's option on Call Dates starting April 17, 2027.

All payments are subject to the Bank's credit risk and the Notes are subject to Canadian bail-in powers; holders are deemed to consent to conversion into common shares under the CDIC Act in specified circumstances.

Royal Bank of Canada is offering redeemable fixed rate senior notes carrying a 5.10% per annum coupon. The Notes price range is $975.00 to $1,000.00 per $1,000 principal amount with underwriting spread of 1.60%. The Pricing Date is March 25, 2026, Issue Date March 27, 2026, and Maturity Date March 27, 2041. The Notes pay interest annually on March 27, beginning March 27, 2027, and are callable by the Bank on or after the Interest Payment Date scheduled for March 27, 2031. Payments are subject to the Bank's credit risk and the Notes are subject to Canadian bail-in powers under the CDIC Act.

Royal Bank of Canada (RBC) is offering Geared Buffer Digital Notes linked to the Class A common stock of Meta Platforms, Inc. The notes have a $1,000 principal unit, trade date March 26, 2026, issue date March 31, 2026, valuation date April 7, 2027 and maturity date April 12, 2027.

Key economic terms: a Buffer Percentage of 15% (Buffer Value = 85% of the Initial Underlier Value), a capped Digital Return of 17.87%, and a Downside Multiplier of 117.647% (100%/85%). If the Final Underlier Value is at or above the Buffer Value, investors receive the Digital Return; if below, losses are calculated using the Underlier Return, the Buffer Percentage and the Downside Multiplier. Payments remain subject to RBC's credit risk.

Royal Bank of Canada is offering Dual Directional Barrier Digital Notes linked to the S&P 500® Index due April 16, 2031. The Terms specify a Digital Return of 46.70%, a Barrier equal to 75% of the Initial Underlier Value, Trade Date April 10, 2026, Issue Date April 15, 2026 and Valuation Date April 10, 2031.

The public offering price is 100.00% ($1,000 per $1,000 principal) with underwriting discounts of 3.35% (proceeds to RBC 96.65%). The issuer estimates an initial estimated value between $905.00 and $955.00 per $1,000. All payments are subject to the issuer’s credit risk.

Royal Bank of Canada is offering Capped Enhanced Return Geared Buffer Notes linked to the S&P 500® Index. The notes have a Participation Rate of 150%, a Buffer Percentage of 20% (Buffer Value 5,273.52), and a Maximum Return of 18.75%, producing a capped maximum maturity payment of $1,187.50 per $1,000 principal amount.

Key dates: Strike Date: March 25, 2026, Trade Date: March 26, 2026, Issue Date: March 31, 2026, Valuation Date: October 26, 2027, and Maturity Date: November 1, 2027. The Initial Underlier Value is listed as 6,591.90. The initial estimated value is expected to be between $945.00 and $995.00 per $1,000 principal amount and will be less than the public offering price. All payments are subject to the issuer's credit risk and investors may lose some or all principal at maturity.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes totaling $24,820,000. The Notes pay a contingent monthly coupon equal to $13.958 per $1,000 (a 16.75% annualized rate) when the Bloomberg US Large Cap VolMax Index is at or above a Coupon Threshold of 80% of the Initial Underlier Value.

The Notes have an Issue Date of March 27, 2026 and Maturity Date of March 27, 2031. The Notes are auto-callable beginning on Call Observation Dates from and including the twelfth Coupon Observation Date (first effective call observation approximately March 24, 2027). At maturity, if not called, full principal is returned when the Final Underlier Value is at or above the Barrier Value (60% of the Initial Underlier Value); if below the Barrier Value, principal is reduced pro rata by the Underlier Return. The initial estimated value was $953.42 per $1,000 versus the public offering price of par.

Royal Bank of Canada is offering Autocallable Strategic Accelerated Redemption Securities linked to the Invesco S&P 500® Equal Weight ETF (RSP) with a $10 principal per unit. The notes have an approximately six-year term if not called earlier and will be automatically called on annual Observation Dates if the Observation Level is at or above the Starting Value. Call Amount ranges per unit are disclosed for each observation year (from $10.60–$10.70 on year one up to $13.60–$14.20 on the final date). If not called, holders face 1-to-1 downside exposure to decreases in the Market Measure with 100% of principal at risk at maturity. There are no periodic interest payments. The initial estimated value at pricing is expected between $9.05 and $9.55 per unit versus the public offering price of $10.00, reflecting an underwriting discount of $0.20 and a hedging-related charge of $0.05. Payments are unsecured and subject to RBC credit risk; the notes have limited secondary market liquidity and no exchange listing.

Royal Bank of Canada is offering $1,105,000 principal amount of Fixed Coupon Barrier Notes linked to the common stock of NVIDIA Corporation, with Quarterly fixed coupons and a maturity date of March 30, 2027. The Notes pay a fixed coupon of $28.375 per $1,000 each quarter (11.35% per annum) and return principal in cash at maturity only if the Final Underlier Value is at or above the Barrier Value (60% of the Initial Underlier Value). If the Final Underlier Value is below the Barrier Value, holders will receive a Physical Delivery Amount of NVIDIA shares (5.7078 shares per $1,000) which may be worth significantly less than principal. Issue Date is March 27, 2026, Trade Date March 24, 2026, and Valuation Date March 24, 2027. All payments are subject to the Bank’s credit risk and U.S. tax treatment described in the pricing supplement is uncertain.

Royal Bank of Canada is offering $4,374,000 in Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes mature on March 29, 2029, are issued in $10 denominations (minimum $1,000 investment) and pay a 17.10% per annum contingent coupon, paid quarterly only when the Underlying closes at or above the Coupon Barrier.

The Notes are automatically callable on quarterly Call Observation Dates beginning six months after issuance if the Underlying closes at or above the Initial Underlying Value. If not called, full principal is repaid at maturity only if the Final Underlying Value is at or above the Downside Threshold (the Coupon Barrier), which equals $101.34 (50% of the Initial Underlying Value of $202.68). If the Final Underlying Value is below that threshold, repayment at maturity is reduced pro rata by the negative Underlying Return, potentially resulting in a loss of up to 100% of principal. Payments are subject to the issuer's creditworthiness.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of EEM, IWM and the EURO STOXX 50. The Notes are sold at par ($1,000 per note) with underwriting discounts of 0.40% and proceeds to the issuer of 99.60%. The initial estimated value is stated between $931.50 and $981.50 per $1,000 (will be set in the final pricing supplement).

The Notes pay a monthly contingent coupon of $12.375 per $1,000 (14.85% per annum) when each Underlier is ≥ its Coupon Threshold (85% of initial). The Notes are callable monthly beginning on the Call Observation Date of March 30, 2027. At maturity on March 30, 2028, if not called, principal repayment depends on the Least Performing Underlier versus its Barrier (70% of initial); a Final Underlier Value below the Barrier results in a loss of principal equal to the Underlier Return.

Royal Bank of Canada is issuing STEP Income Securities linked to Microsoft Corporation (MSFT) due April, 2027. The notes are senior unsecured debt sold at a public offering price of $10.00 per unit with an underwriting discount of $0.15 and proceeds to RBC of $9.85 per unit. The term is approximately one year and one week and the notes pay quarterly interest at 9.50% per year. At maturity holders may receive a Step Payment (specified as $0.10 to $0.50 per unit, to be set on the pricing date) if the Ending Value of MSFT is ≥ 109.50% of the Starting Value. If Ending Value ≥ 100% of Starting Value but 109.50%, principal is returned; if Ending Value < 100%, investors incur 1-for-1 downside in MSFT price and may lose principal. Initial estimated value on the pricing date is stated as between $9.06 and $9.56 per unit. Payments are subject to RBC credit risk; notes have limited secondary market liquidity and include a hedging-related charge of $0.05 per unit.

Royal Bank of Canada is offering Daily Auto-Callable Absolute Return Digital Notes linked to the S&P 500® Index with a $1,000 principal amount per note. The Trade Date is April 17, 2026, Issue Date April 22, 2026, Valuation Date July 19, 2027 and Maturity Date July 22, 2027. The Notes feature a Digital Return of 4.20% and a Barrier equal to 80% of the Initial Underlier Value. The initial estimated value is expected to be between $938.00 and $988.00 per $1,000 and will be less than the public offering price. If the Notes are not called and the Final Underlier Value is greater than or equal to the Initial Underlier Value, the payment at maturity is $1,000 + ($1,000 × 4.20%). If the Final Underlier Value is below the Initial Underlier Value, the payment equals $1,000 + (-1 × $1,000 × Underlier Return), with the resulting return capped at 20%. The Notes may be automatically called per the stated Call Feature and all payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering $11,777,000 of Auto-Callable Fixed Coupon Geared Buffer Notes linked to the least performing of the iShares® MSCI EAFE ETF and the S&P 500® Index. The Notes pay a Fixed Coupon of $33.75 per $1,000 semiannually (6.75% per annum), may be automatically called on specified semiannual Call Observation Dates, mature on September 23, 2027, and include a 25% Buffer and a Downside Multiplier of approximately 1.33333. If not called, principal repayment at maturity depends on the Final Underlier Value of the least performing Underlier relative to its Buffer Value; investors may lose some or all principal. The initial estimated value is $989.53 per $1,000 and the public offering price is par; proceeds to the Bank equal 99.861% (after underwriting discounts).

Royal Bank of Canada is offering Auto-Callable Fixed Coupon Geared Buffer Notes totaling $11,750,000. The Notes pay a fixed semiannual coupon of $33.75 per $1,000 (6.75% per annum) and are linked to the lesser-performing of the iShares MSCI EAFE ETF and the S&P 500 Index.

If a Call Observation Date meets the call condition, the Notes will be automatically called and investors receive $1,000 plus the then-due Fixed Coupon. If not called, principal repayment at maturity depends on the Final Underlier Value of the Least Performing Underlier versus a Buffer Value equal to 75% of the Initial Underlier Value, with a 25% buffer and a Downside Multiplier of approximately 1.33333. The initial estimated value as of the Trade Date was $989.53 per $1,000; the public offering price equals par.

Royal Bank of Canada offers principal-protected-conditional structured notes linked to the S&P 500® Index. The notes trade March 23, 2026, settle March 26, 2026 and mature April 19, 2028 (subject to adjustment). The aggregate principal amount initially offered is $2,078,000.

Each $1,000 note does not pay interest. Payment at maturity depends on the underlier return from an initial underlier level of 6,581.00 (closing on the trade date) to the final underlier level on the determination date. Terms include a 15.00% buffer (buffer level = 85.00% of initial level), an upside participation rate of 170%, a cap level of 115.00% and a maximum settlement amount of $1,255.00 per $1,000 principal. The initial estimated value on the trade date is $993.91 per $1,000, below the original issue price. Notes are unsecured senior debt and subject to issuer credit risk; no listing, no periodic interest, and no early redemption.

Royal Bank of Canada is offering $1,009,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of The Boeing Company. The Notes trade on Trade Date: March 23, 2026, issue on March 26, 2026 and mature on March 28, 2030.

Key terms: Initial Underlier Value $198.41, Barrier/Coupon Threshold 60% ($119.05), Contingent Coupon $29.50 per $1,000 quarterly (11.80% annually if paid), automatic call if the Underlier closes at or above $198.41 on a Call Observation Date, and initial estimated value $976.68 per $1,000 versus public offering price 100% ($1,009,000 aggregate). Underwriting discount 2.10% with proceeds to issuer 97.90%.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Bloomberg US Large Cap VolMax5 Index. The public offering price is 100.00% ($2,810,000 aggregate) and the initial estimated value is $923.23 per $1,000 principal amount, below par.

The Notes pay a monthly contingent coupon of $9.25 per $1,000 (11.10% per annum) when the Underlier meets the Coupon Threshold; unpaid coupons carry forward once. The Notes may be auto-called beginning on the twelfth observation if the Underlier is at or above the Initial Underlier Value. At maturity, investors receive par if the Final Underlier Value is at or above the 60% Barrier; otherwise they suffer proportional principal loss.

Royal Bank of Canada offers $1,000,000 of Geared Buffer Digital Notes linked to the S&P 500® Index due April 7, 2027. The notes pay a Digital Return of 10.37% if the Final Underlier Value is at or above the Buffer Value (90% of the Initial Underlier Value). If the Final Underlier Value is below the Buffer Value, payments use the formula with a Buffer Percentage of 10% and a Downside Multiplier of 1.11111, which can result in partial or total loss of principal. Issue Date is March 26, 2026 (Trade Date March 23, 2026); Valuation Date is April 2, 2027. All payments are subject to the Bank’s credit risk and the initial estimated value is shown as $991.16 per $1,000. The offering price is 100.00% with underwriting fees of 1.00%.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, S&P 500 and EURO STOXX 50. The Trade Date is March 31, 2026, Issue Date April 6, 2026, Valuation Date March 29, 2029 and Maturity Date April 4, 2029.

Notes sell at 100.00% of principal with underwriting discounts of 2.00%; proceeds to the issuer are 98.00%. The initial estimated value is expected between $900.00 and $950.00 per $1,000 principal amount. A contingent coupon, if payable, will be at least $28.125 per $1,000 (at least 11.25% per annum). The Barrier and Coupon Threshold for each Underlier equal 75% of its Initial Underlier Value. If not called and the least performing Underlier finishes below the Barrier, principal is exposed to negative Underlier Return.

Royal Bank of Canada is offering $500,000 principal of Geared Buffer Digital Notes linked to the S&P 500® Index with a Trade Date of March 20, 2026, Issue Date March 25, 2026, a Valuation Date of April 2, 2027 and Maturity Date of April 7, 2027.

Per $1,000 principal, investors receive either $1,000 + ($1,000 × 8.36%) if the Final Underlier Value ≥ the Buffer Value, or $1,000 + [$1,000 × (Underlier Return + 15%) × Downside Multiplier] if the Final Underlier Value < the Buffer Value. Initial Underlier Value was 6,506.48 and Buffer Value is 5,530.51. The issuer estimated initial value is $983.42 per $1,000; public offering price is $1,000.00 per $1,000.

Royal Bank of Canada is offering non‑interest bearing, senior notes linked to the S&P 500® Index with automatic call features and enhanced upside participation. For each $1,000 principal amount, notes may be automatically called around 12–14 months if the underlier is ≥100% of its initial level, paying $1,000 plus a 8.83%–10.36% call premium. If not called and at the approximately 24‑month stated maturity, holders receive either a $1,176.60–$1,207.20 threshold payment if the final level is ≥90% of the initial level, or participation equal to 200% of the underlier return (positive or negative) applied to the $1,000 principal. The original issue price is 100% with a 2% underwriting discount (net proceeds 98%); the initial estimated value is expected to be $946.80–$976.80 per $1,000, and the notes are subject to issuer credit risk and limited secondary liquidity.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the MDY Fund, the Russell 2000 Index and the S&P 500 Index.

The notes are sold at 100.00% of par with an underwriting discount of 2.00% (proceeds to RBC 98.00%). Trade Date is March 31, 2026, Issue Date April 6, 2026 and Maturity/Valuation dates are March 29, 2029 (Valuation Date) and April 4, 2029 (Maturity Date). The initial estimated value is expected between $915.00 and $965.00 per $1,000 principal amount. If not called, investors may receive a contingent quarterly coupon of at least $26.125 per $1,000 (at least 10.45% per annum) when each Underlier meets its coupon threshold; principal repayment at maturity depends on the performance of the least performing Underlier relative to a 75% barrier.

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 offering lists a public offering price of $780,000 (100.00%) for the series. The notes have a Trade Date of March 20, 2026, Issue Date of March 25, 2026 and Maturity/Valuation on March 25, 2031 (Valuation Date March 20, 2031).

Key economics: contingent monthly coupon of $7.083 per $1,000 (annualized 8.50%), automatic quarterly call if the Underlier is at or above the initial level, a Coupon Threshold at 60% and a Barrier at 50% of the Initial Underlier Value. At maturity, if the Final Underlier Value is below the Barrier, principal is reduced pro rata by the Underlier Return. All payments are subject to the Bank's creditworthiness and the Notes are unsecured.

Royal Bank of Canada is offering $552,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index, with Trade Date March 20, 2026, Issue Date March 25, 2026 and Maturity Date March 25, 2031.

The notes pay a contingent monthly coupon of $8.833 per $1,000 (10.60% per annum if paid), are auto‑callable quarterly if the Underlier meets or exceeds its initial value, and return principal at maturity only if the Final Underlier Value is at or above the Barrier (50% of the Initial Underlier Value); otherwise repayment is reduced pro rata by the Underlier Return. All payments are subject to the issuer’s credit risk.

Royal Bank of Canada is offering $1,145,000 in Stepdown Auto-Callable Barrier Notes linked to the least performing of Apple Inc., Microsoft Corporation and NVIDIA Corporation.

The notes have a Trade Date of March 20, 2026, an Issue Date of March 25, 2026 and a Maturity/Valuation Date of March 23, 2029. Each underlier’s Barrier Value is 50% of its initial value and automatic calls may occur on annual observation dates with increasing call settlement amounts: $1,205, $1,410 and $1,615 per $1,000 principal for successive call dates.

If not called, at maturity investors receive $1,000 if the least performing underlier’s final value is at or above its Barrier Value; otherwise the payment equals $1,000 + ($1,000 × Underlier Return), which can result in a substantial loss of principal.

Royal Bank of Canada is offering $567,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Microsoft Corporation. The Notes trade on a March 20, 2026 Trade Date, have an Issue Date of March 25, 2026, a Valuation Date of September 20, 2027 and mature on September 23, 2027.

The Notes pay a contingent quarterly coupon of $23.75 per $1,000 principal (a 9.50% annualized rate if paid). They are auto-callable if the Underlier closes at or above the Initial Underlier Value on any Call Observation Date, in which case investors receive par plus the contingent coupon then due. At maturity, if not called, principal is returned in full if the Final Underlier Value is at or above the Barrier Value (60% of the Initial Underlier Value); if below the Barrier Value, investors receive a cash settlement equal to $1,000 plus the Underlier Return multiplied by $1,000, which can result in substantial principal loss.

Royal Bank of Canada is offering Auto-Callable Fixed Coupon Barrier Notes linked to Palantir Technologies Inc. Class A common stock. The Notes pay a $9.875 monthly fixed coupon per $1,000 principal (an annualized 11.85%) and may be auto-called quarterly if the Underlier closes at or above its Initial Underlier Value. If not called, maturity delivers $1,000 if the Final Underlier Value is at or above a Barrier set at 50% of the Initial Underlier Value, otherwise investors receive a physical number of Palantir shares equal to $1,000 divided by the Initial Underlier Value. The offering price is par with underwriting discounts of 2.50%; initial estimated value is expected between $915 and $965 per $1,000. All payments are subject to RBC credit risk; the Notes are not FDIC- or CDIC-insured.

Royal Bank of Canada is offering $647,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Apple Inc.. The Notes pay a quarterly contingent coupon of $27.50 per $1,000 (an annualized 11.00%) when the Underlier meets the Coupon Threshold, are callable if Apple closes at or above the Initial Underlier Value on a Call Observation Date, and mature on September 23, 2027. If not called, repayment at maturity depends on the Final Underlier Value versus a Barrier equal to 70% of the Initial Underlier Value; principal can be substantially lost if the Final Underlier Value is below that Barrier. All payments are subject to RBC credit risk and U.S. federal tax considerations are discussed (including potential withholding and alternative characterizations).

Royal Bank of Canada offers $650,000 of Auto-Callable Contingent Coupon Barrier Notes linked to Apple Inc. common stock, due September 23, 2027. The Notes pay a contingent quarterly coupon of $22.50 per $1,000 (2.25% quarterly; 9.00% annually) when the Underlier meets the Coupon Threshold of $173.59 (70% of the Initial Underlier Value of $247.99), are callable if Apple closes at or above the Initial Underlier Value on a Call Observation Date, and return principal at maturity only if the Final Underlier Value is at or above the Barrier Value; otherwise investors face a loss equal to the Underlier Return on principal. Payments are subject to Royal Bank of Canada credit risk. The initial estimated value was $965.85 per $1,000 principal amount, below the public offering price of par.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to The Boeing Company common stock. The Notes pay a quarterly $29.50 contingent coupon per $1,000 (annualized 11.80%) when the Underlier meets the coupon threshold. The Notes may be automatically called if the Underlier is at or above the Initial Underlier Value on a Call Observation Date. If not called, maturity occurs on March 28, 2030 with payoff rules that return $1,000 if the Final Underlier Value is at or above the Barrier (60% of the Initial Underlier Value) or a pro rata loss if the Final Underlier Value is below that Barrier. The initial estimated value is stated between $913.00 and $963.00 per $1,000 and the public offering price is 100.00% with underwriting discounts of 2.10%.

Royal Bank of Canada offers $750,000 principal of Auto-Callable Contingent Coupon Barrier Notes linked to Microsoft Corporation common stock.

The Notes trade with a Trade Date of March 20, 2026, an Issue Date of March 25, 2026, a Valuation Date of September 20, 2027 and a Maturity Date of September 23, 2027. The initial underlier closing value is $381.87 (ticker MSFT), the Coupon Threshold is 70% ($267.31), and the Barrier Value is 60% ($229.12).

Investors may receive a contingent quarterly coupon of $20.00 per $1,000 (annualized 8.00%) if the Underlier meets observation tests; the Notes are auto‑callable if the Underlier on a Call Observation Date is greater than or equal to the Initial Underlier Value, and principal repayment at maturity depends on the Final Underlier Value relative to the Barrier Value. The public offering price is 100.00% with underwriting discounts of 1.875% and proceeds to the Bank of 98.125%.

Royal Bank of Canada is offering Redeemable Fixed to Floating Range Accrual Notes based on the 10-year CMT rate with a Maturity Date of April 1, 2036. The Notes pay 9.25% per annum during a Fixed Rate Period through April 1, 2027, then a floating rate equal to 9.25% × (Accrual Days/Calendar Days) when the Reference Rate is between the Lower Barrier 0.00% and Upper Barrier 5.00%. The public offering price will be between $955.00 and $1,000.00 per $1,000 principal amount; the issuer’s initial estimated value is expected between $900.00 and $950.00 per $1,000. Interest is payable quarterly beginning July 1, 2026. The Notes are callable by the issuer on any Interest Payment Date beginning April 1, 2027 with at least 10 business days’ notice. All payments are subject to Royal Bank of Canada credit risk; the offering document highlights limited liquidity, potential conflicts of interest from the Calculation Agent, and tax characterization that may be either variable rate debt or contingent payment debt.

Royal Bank of Canada is offering Auto-Callable Fixed Coupon Barrier Notes linked to Palantir Technologies Inc. Class A common stock. The Notes have a Fixed Coupon of $9.875 per $1,000 (annualized 11.85%), a Barrier set at 50% of the Initial Underlier Value, Trade Date April 7, 2026, Issue Date April 10, 2026, Valuation Date April 9, 2029 and Maturity Date April 12, 2029. The Notes may be automatically called on specified quarterly Call Observation Dates if the Underlier closes at or above the Initial Underlier Value; called investors receive principal plus the Fixed Coupon otherwise due. If not called, at maturity investors receive principal if the Final Underlier Value is at or above the Barrier; if below the Barrier, repayment is reduced pro rata by the Underlier Return, exposing investors to a potential substantial loss of principal. The initial estimated value is expected to be between $915.00 and $965.00 per $1,000 principal amount and is less than the public offering price. All payments are subject to the issuer's credit risk.

Royal Bank of Canada is offering $750,000 principal amount of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the VanEck® Semiconductor ETF and the EURO STOXX® Banks Index, with issue date March 24, 2026 and maturity March 22, 2029.

The Notes pay a contingent quarterly coupon of $44.375 per $1,000 (annualized 17.75%) when each Underlier meets a 65% coupon threshold on the prior observation date, may be auto-called on quarterly call observation dates if both Underliers close at or above their initial values, and pay principal at maturity subject to the performance of the least performing Underlier and the 65% barrier. All payments are subject to the Bank's credit risk.

Royal Bank of Canada is offering non‑interest bearing senior notes linked to the S&P 500® Index with a per‑note principal amount of $1,000. The notes feature a 15.00% buffer (85.00% buffer level), an upside participation rate of 170%, and a capped payoff with a maximum settlement amount expected between $1,214.88 and $1,252.79 per $1,000.

If the final index level is at or above the buffer level you will receive at least the principal amount at maturity (subject to issuer credit risk); if the final index level is below the buffer level you will incur losses, potentially losing the entire investment. The initial estimated value is expected to be between $965.10 and $995.10 per $1,000, which is lower than the original issue price.

Royal Bank of Canada prices structured notes totaling $2,865,000 linked to the S&P 500® Index. The non‑interest bearing notes trade March 19, 2026, settle March 24, 2026, and mature on July 12, 2028 with a determination date of July 10, 2028.

Each $1,000 principal note pays $1,211.00 at maturity if the final index level is at or above 85.00% of the initial level (initial level: 6,606.49). If the final index level is below that threshold, holders suffer downside loss pro rata; a final index level of 0% would result in a $0 payment. The initial estimated value is $996.33 per $1,000 principal amount. The notes are senior unsecured obligations, not listed, do not pay interest, and are subject to issuer credit risk and limited secondary market liquidity.

Royal Bank of Canada is offering Geared Buffer Digital Notes linked to the S&P 500 Index. Each Note has a $1,000 principal amount, a Digital Return of 10.37% payable at maturity if the Final Underlier Value is greater than or equal to the Buffer Value (90% of the Initial Underlier Value).

Key dates: Strike Date March 20, 2026, Trade Date March 23, 2026, Issue Date March 26, 2026, Valuation Date April 2, 2027, Maturity Date April 7, 2027. If the Final Underlier Value is below the Buffer Value, losses apply using the Downside Multiplier of approximately 1.11111, so investors can lose some or all principal. All payments are subject to the Bank's credit risk.

The public offering price is 100% with underwriting fees of 1.00%. The issuer's initial estimated value is expected to be between $935.50 and $985.50 per $1,000 principal amount, which is less than the public offering price.

Royal Bank of Canada is offering $2,707,000 principal amount of Issuer Callable Contingent Coupon Buffer Notes with Memory Coupon linked to the Bloomberg US Large Cap VolMax Index. The Notes pay a contingent quarterly coupon of $30.625 per $1,000 (annualized 12.25%) when the Underlier is at or above a Coupon Threshold of $8,196.27. The Notes mature on March 24, 2031, are callable quarterly beginning on March 24, 2027, and provide a 20% buffer against negative Underlier returns at maturity; if the Final Underlier Value is below the buffer, principal is reduced by the Underlier Return less the Buffer Percentage. Payments depend on the Bank's creditworthiness and contingent coupon payment mechanics as described in the pricing supplement.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of six equities. The Notes are being sold at 100.00% of par with proceeds to the issuer of 99.00%. The Trade Date is March 27, 2026, Issue Date is April 1, 2026, Valuation Date is March 27, 2029, and Maturity Date is April 2, 2029.

If, on the Call Observation Date (April 2, 2027), the Basket closing value is greater than or equal to the initial Basket Value, the Notes will be automatically called and pay $1,195 per $1,000 principal amount. If not called, maturity payments depend on the Final Basket Value versus a Barrier Value set at 75% of the Initial Basket Value and a Participation Rate of 200%. The initial estimated value is expected between $899.00 and $949.00 per $1,000 principal amount and is less than the public offering price.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Bloomberg US Large Cap VolMax5 Index, subject to completion. The Notes pay a monthly Contingent Coupon of $9.25 per $1,000 (equivalent to 11.10% per annum if payable) and are auto-callable beginning on the twelfth Coupon Observation Date. The Coupon Threshold and Barrier Value equal 60% of the Initial Underlier Value. Key dates include a Strike Date of March 19, 2026, Trade Date March 23, 2026, Issue Date March 26, 2026, Valuation Date March 19, 2031 and Maturity Date March 24, 2031. The public offering price is 100.00% (par); underwriting discounts are 3.50%, with proceeds to the issuer of 96.50%. The issuer’s initial estimated value is stated as between $880 and $930 per $1,000 principal amount. Investors may lose a substantial portion or all of principal if the Final Underlier Value is below the Barrier Value at maturity. The offering is qualified by numerous risk disclosures and tax considerations and is not insured or guaranteed by any government deposit insurer.