ROYAL BANK OF CANADA SEC Filings

Royal Bank of Canada is offering auto-callable contingent coupon geared buffer notes with a memory coupon linked to the Class C capital stock of Alphabet Inc. (GOOG). The notes are issued in minimum investments of $10,000, pay a contingent coupon of $283.50 per $10,000 when Alphabet’s share price is at or above 80% of its initial value on observation dates, and can be automatically called quarterly if the share price is at or above the initial value.

If the notes are not called and Alphabet’s final value is at or above the 80% buffer, investors receive full principal plus any due coupons; if it falls below the buffer, repayment is in Alphabet shares based on a preset physical delivery amount, which may be worth significantly less than principal and could be zero. The price to the public is 100% of principal, with proceeds to Royal Bank of Canada of 99% after a 1% placement fee, and the initial estimated value is between $9,314 and $9,814 per $10,000, reflecting hedging and structuring costs.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Oracle Corporation. These structured notes pay a contingent coupon of $39.50 per $1,000 each quarter (a rate of 3.95% per quarter, or 15.80% per year) when Oracle’s share price is at or above a preset coupon threshold.

The notes feature a quarterly auto-call: if Oracle’s share price is at or above its initial level on a call observation date, investors receive $1,000 per note plus any due contingent coupons, and the notes terminate early. At maturity, if not called and Oracle’s final value is at or above 60% of the initial value, investors receive full principal plus any due coupons. If Oracle finishes below this 60% barrier, repayment of principal is reduced one-for-one with the stock’s decline and can fall to zero.

The initial estimated value per $1,000 note is expected to be between $927 and $977, below the public offering price, reflecting dealer compensation and hedging costs. All payments depend on Royal Bank of Canada’s credit and the notes carry complex tax, market and structural risks.

Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Schlumberger N.V. (SLB), maturing on or about January 4, 2027. Each Note has a principal amount of $10 and pays a contingent quarterly coupon only if Schlumberger’s closing share price on the relevant observation date is at or above the Coupon Barrier, set at 70% of the Initial Underlying Value. The Contingent Coupon Rate is expected to be between 11.00% and 11.25% per annum.

The Notes are automatically callable each quarter if the stock closes at or above the Initial Underlying Value; in that case, investors receive $10 plus the applicable coupon and the Notes terminate. If the Notes are not called and the final stock price is at or above the Downside Threshold (also 70% of the initial value), investors receive $10 plus the final coupon. If the final price is below the Downside Threshold, repayment is reduced in proportion to the stock’s decline, with potential loss of up to 100% of principal.

The Notes are senior unsecured obligations of Royal Bank of Canada, not listed on any exchange, and subject to the issuer’s credit risk. The public offering price is $10.00 per Note, including a $0.15 selling commission to UBS and $9.85 in proceeds to the issuer. The initial estimated value is expected to be between $9.28 and $9.78 per Note, reflecting dealer discounts and hedging costs.

Royal Bank of Canada provides additional terms for structured notes linked to a basket of U.S.-listed equities by setting the Initial Basket Underlier Value for each stock. The basket includes companies such as Boston Scientific, Chubb, Crown Castle, CDW, Coherent, DoorDash, First Citizens BancShares, Public Storage, Shake Shack and others, with each underlier assigned a specific starting price level used to calculate future note performance.

The notes are part of Royal Bank of Canada’s Senior Global Medium-Term Notes, Series J, will not be listed on any securities exchange, and are not insured by Canadian or U.S. deposit insurance agencies. Investors are directed to review the related prospectus, supplements and risk factor sections for detailed risk considerations before investing.

Royal Bank of Canada is offering $683,000 in principal amount of unsecured notes linked to the MSCI EAFE Index. Each note has a $1,000 denomination, pays no interest and returns a cash amount at maturity on February 4, 2028 based on index performance from December 23, 2025 to February 2, 2028.

If the index rises, holders earn 160% of the upside, capped at a maximum settlement amount of $1,260.64 per $1,000 note, which is reached when the index is at or above 116.29% of its initial level of 2,895.68. If the index falls but stays at or above 85% of the initial level, investors receive only their principal back. Below this 85% buffer level, principal is reduced at about 1.1765% for every 1% drop below the buffer, and investors could lose their entire investment.

The notes are senior unsecured obligations of Royal Bank of Canada, are not insured by any deposit insurer, will not be listed on an exchange and are not redeemable before maturity. The initial estimated value is $991.60 per $1,000 note, less than the original issue price, and secondary market values may be lower and strongly affected by the bank’s credit, market conditions and hedging costs.

Royal Bank of Canada is offering $272,000 of Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the worst performer of Amazon, Procter & Gamble and Walmart stock. The notes are issued at 100% of principal with full proceeds to the bank and an initial estimated value of $987.01 per $1,000, below the public offering price.

If not called early, investors may receive monthly contingent coupons of $8.125 per $1,000 (9.75% per annum) when all three underliers stay at or above 50% of their initial values. Quarterly auto-call can return principal early if each underlier is at or above its initial value on a call observation date.

At maturity in 2030, if the least performing underlier is at or above its 50% barrier, investors receive full principal plus any due coupons. If it is below the barrier, repayment is reduced one-for-one with the underlier’s loss, and investors can lose most or all of their principal. All payments depend on RBC’s credit and carry complex U.S. tax and withholding considerations.

Royal Bank of Canada provides additional information for investors in certain basket-linked Notes, updating details that work together with an existing pricing supplement. The document lists the Initial Basket Underlier Value for each stock in the reference basket, including companies such as Boston Scientific, Chubb, Crown Castle, CDW, Coherent, DoorDash, First Citizens BancShares, Globe Life, Intercontinental Exchange, Public Storage and others.

The Notes are not listed on any securities exchange, meaning investors should be prepared to hold or trade them privately. They are not insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency. Investors are directed to review the related prospectus, prospectus supplement, product supplement and pricing supplement, including the risk factor sections, and are urged to consult professional advisers before investing.

Royal Bank of Canada is issuing Capped Return Dual Directional Geared Buffer Notes linked to the S&P 500® Index, with a total public offering size of $4,061,000. The Notes have a two-year term from the trade date of December 23, 2025 to maturity on December 29, 2027 and are sold in $1,000 denominations, with a minimum investment of $10,000.

At maturity, investors participate 100% in S&P 500 gains up to a maximum upside return of 13.59%, so the most they can receive on appreciation is $1,135.90 per $1,000. If the index finishes between its initial level and a 25% buffer below that level, the Notes produce a positive “dual directional” return equal to the index’s absolute loss, capped at 25%. Below the buffer, principal is exposed to losses multiplied by a downside factor of approximately 1.33333, and investors could lose all principal.

The Notes are unsecured obligations of Royal Bank of Canada, are not insured by any government agency, and all payments depend on the bank’s credit. The initial estimated value is $980.64 per $1,000, below the public price, reflecting dealer compensation, funding and hedging costs. U.S. tax counsel views the Notes as prepaid financial contracts with some uncertainty, and the issuer’s analysis indicates Section 871(m) withholding should not apply to Non-U.S. holders.

Royal Bank of Canada is offering $2,541,000 of Capped Enhanced Return Buffer Notes linked to the S&P 500® Index. These unsecured senior debt securities provide 150% participation in any positive index return, capped at a Maximum Return of 14.50%, so the maximum payment at maturity is $1,145 per $1,000 principal amount. A 15% downside buffer protects principal if the index decline at maturity is up to 15%; beyond that, investors lose principal on a linear basis, and could lose a substantial portion of their investment.

The Notes are scheduled to price on December 23, 2025 and mature on June 28, 2027, with the S&P 500 closing level on June 23, 2027 determining the payoff. Royal Bank of Canada expects net proceeds of $2,529,265 after underwriting discounts and commissions. The initial estimated value is $991.65 per $1,000, lower than the public offering price, reflecting funding and hedging costs. The Notes are not insured, are not bail-inable, and all payments depend on Royal Bank of Canada’s credit. Tax counsel views them as prepaid financial contracts, but notes that tax treatment is uncertain and may change.