ROYAL BANK OF CANADA SEC Filings

Royal Bank of Canada is offering senior unsecured notes whose payout is tied to the S&P 500® Index. The notes do not pay interest and return at maturity depends on index performance from the trade date to a determination date expected 22–25 months later.

Investors receive 160% of any positive index return, but gains are capped by a maximum settlement amount expected between $1,194.88 and $1,229.12 per $1,000 note. A buffer protects principal against moderate losses: as long as the index does not fall below 87.50% of its initial level, holders receive full principal back.

If the index finishes below the 87.50% buffer level, principal is reduced by about 1.1429% for every 1% decline below the buffer, and investors could lose their entire investment. The initial estimated value is expected between $965.10 and $995.10 per $1,000 note, reflecting dealer profit and hedging costs. The notes are not listed, may have limited liquidity, and carry Royal Bank of Canada credit risk.

Royal Bank of Canada is offering unsecured senior notes linked to the S&P 500® Index that do not pay interest and are designed to be held to maturity. At maturity, for each $1,000 principal amount, investors receive a cash amount based on the index’s performance from the trade date to a determination date expected between 23 and 26 months later.

If the S&P 500® rises, the notes offer a 160% upside participation rate but returns are capped at a maximum settlement amount expected between $1,196.96 and $1,231.68 per $1,000 (a hypothetical cap example of 119.696%). If the index falls but finishes at or above 87.50% of the initial level, investors receive principal back. Below this 87.50% buffer level, principal is reduced about 1.1429% for every 1% drop under the buffer, and investors could lose their entire investment. The initial estimated value is expected to be $965.20–$995.20 per $1,000, the notes will not be listed or redeemable early, and all payments depend on RBC’s credit.

Royal Bank of Canada is offering Enhanced Return Notes that are unsecured debt linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index. The notes require a minimum investment of $1,000 and pay back $1,000 at maturity per $1,000 principal even if the index falls, but offer enhanced upside if the index rises.

If the final index level is above the initial level, investors receive $1,000 plus 105% of the index gain; if it is equal to or below the initial level, they receive only the principal, with no periodic interest. The initial estimated value is expected to be between $912 and $962 per $1,000, below the public offering price, reflecting fees, hedging costs and RBC’s funding rate.

The underlier is a rules-based strategy that dynamically allocates between long and short equity and Treasury futures with a 10% volatility target and multiple embedded fees and costs, all of which reduce its performance. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring annual interest accruals, and they are subject to RBC’s credit risk and complex tax, market and structural risks.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the S&P 500® Index, maturing on February 1, 2028, under its global medium-term note program. The Notes are issued at 100% of principal, with underwriting discounts and commissions of 2.25%, so Royal Bank of Canada receives 97.75% of principal per Note before hedging costs and referral fees.

The Notes provide 125% of any positive S&P 500® return at maturity, subject to a maximum total return of 18%–20% per $1,000. A 10% downside buffer protects principal if the index falls modestly, but below that level investors lose principal in line with further index declines, as shown in the hypothetical payoff table. The initial estimated value is expected to be between $916 and $966 per $1,000, reflecting dealer compensation and hedging. All payments depend on Royal Bank of Canada’s ability to meet its obligations, and the Notes are not insured or bail‑inable.

Royal Bank of Canada is offering market-linked, principal-at-risk securities tied to the Nasdaq-100 Index®, maturing on February 3, 2028. Each security has a $1,000 face amount, provides 200% leveraged upside participation, and is subject to a maximum return of at least 20% (minimum $1,200 maturity payment per security). The structure includes a 10% downside buffer; below that level, investors have 1-to-1 downside exposure and can lose up to 90% of principal at maturity.

The securities pay no periodic interest and are unsecured senior obligations of Royal Bank of Canada, fully subject to the bank’s credit risk and not insured by any deposit insurance scheme. The initial estimated value is expected to be between $914.00 and $964.00 per $1,000 security, less than the original offering price, reflecting internal funding rates, agent discounts and hedging costs. Liquidity may be limited, secondary market prices may be significantly below the issue price, and U.S. tax treatment is uncertain, with counsel currently treating the notes as prepaid derivative contracts.

Royal Bank of Canada is offering senior unsecured market-linked notes tied to an equally weighted basket of Amazon, Microsoft and NVIDIA common stocks. Each security has a $1,000 face amount, pricing on January 16, 2026 and maturing on January 21, 2028.

At maturity, if the basket has risen, investors receive $1,000 plus a leveraged gain of 125% of the basket return, but this upside is capped by a maximum return of at least 31.50%, so the maximum maturity payment is at least $1,315 per security. If the basket ends between the starting level and the threshold level of 85%, investors simply receive their $1,000 back, reflecting a 15% downside buffer.

If the ending basket level is below the threshold, principal is reduced 1‑for‑1 beyond the 15% buffer, so investors can lose up to 85% of principal. The securities pay no interest and are subject to the credit risk of Royal Bank of Canada. The initial estimated value is expected to range from $916 to $966 per security, below the $1,000 original offering price.

Royal Bank of Canada is offering Capped Return Notes linked to the S&P 500 Index. These notes are unsecured RBC debt that return your $1,000 principal at maturity even if the index falls, but limit upside if it rises. If the index finishes above its initial level on the July 16, 2031 valuation date, you receive principal plus 100% of the index gain, capped by a Maximum Return of 35%, so the most you can receive at maturity is $1,350 per $1,000 note.

If the index finishes at or below its initial level, you receive only your principal, with no additional return. The price to the public is 100% of principal, with a 3.00% underwriting discount and 97.00% of proceeds to RBC. The initial estimated value is expected between $894.00 and $944.00 per $1,000 note, reflecting fees and hedging costs. The notes are intended to be treated as contingent payment debt instruments for U.S. tax purposes, requiring annual interest accruals, and they carry RBC credit risk and limited secondary market liquidity.

Royal Bank of Canada is issuing $1,000,000 of Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index, maturing January 4, 2029. The notes are unsecured senior debt and pay no coupons. At maturity, investors receive their $1,000 principal plus 110% of any positive index return; if the index is flat or down, they receive only principal back.

The price to the public is 100% of principal, with underwriting discounts of 1.00%, resulting in proceeds to Royal Bank of Canada of $990,000. The initial estimated value is $966.34 per $1,000, lower than the public offering price due to internal funding, hedging costs and fees. The underlier uses a leveraged, rules-based strategy with a 10% volatility target, a 0.5% annual decrement fee and additional transaction and funding costs that systematically reduce index performance.

The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring investors to accrue interest income based on a comparable yield. The notes are not insured by Canadian or U.S. deposit insurers and all payments depend on Royal Bank of Canada’s credit.

Royal Bank of Canada is offering auto-callable contingent coupon barrier notes linked to the worst performer of the Russell 2000, S&P 500 and EURO STOXX 50 indices. The notes pay a quarterly contingent coupon of at least $20 per $1,000 (at least 8% per year) only if each index closes at or above 70% of its initial level on the relevant observation date. The notes can be automatically called quarterly starting in January 2027 if all three indices are at or above their initial levels, in which case investors receive principal plus the applicable coupon and no further payments.

If the notes are not called and the worst index finishes below 70% of its initial value at maturity in January 2030, repayment of principal is reduced one-for-one with the index loss, and investors can lose most or all of their investment. The issuer’s initial estimated value per $1,000 is expected to be materially below the public offering price, reflecting underwriting discounts, funding rates and hedging costs, and secondary market values may be lower than this estimate.