Royal Bank of Canada SEC Filings

Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of Amazon.com, Inc. common stock and Target Corporation common stock, maturing on or about December 16, 2026. The Notes pay a monthly contingent coupon only if each underlying closes at or above its Coupon Barrier; missed coupons may be later paid under the memory feature.

The Contingent Coupon Rate is 21.30% per annum. The Notes may be called monthly if each underlying is at or above its Initial Underlying Value, returning principal plus the due coupon and any unpaid coupons. If not called, principal is repaid at maturity only if the Least Performing Underlying is at or above its Downside Threshold.

Initial values set on the Strike Date were AMZN $248.40 and TGT $90.73. The Coupon Barrier and Downside Threshold are each 68% of those values (AMZN $168.91; TGT $61.70). If the Least Performing is below its threshold at maturity, investors receive shares: AMZN 4.0258 or TGT 11.0217 per Note, likely worth less than principal. Price to public is $1,000 per Note; selling commission is $12.50 per Note; initial estimated value is $928.00–$978.00. The Notes are senior unsecured obligations, unlisted, and subject to RBC credit risk.

Royal Bank of Canada priced a registered offering of $2,659,000 Redeemable Fixed Rate Notes due November 12, 2032. The notes pay a fixed 4.50% annual coupon and are issued at 100% of principal. Underwriting discounts and commissions are 0.61% ($16,219.90), resulting in $2,642,780.10 in proceeds to Royal Bank of Canada.

Interest is paid annually on November 12, beginning November 12, 2026, using a 30/360 day count. The notes are callable at the issuer’s option, in whole but not in part, on November 12, 2027 and on each annual interest payment date thereafter with 10 business days’ notice. If not redeemed, principal plus the final interest payment is due at maturity. The notes are subject to the issuer’s credit risk and are designated as bail-inable notes under Canadian bail-in powers. Minimum investment is $1,000 in $1,000 increments; RBC Capital Markets, LLC acts as underwriter and calculation agent.

Royal Bank of Canada filed a preliminary 424B2 pricing supplement for Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000, and S&P 500, maturing on August 19, 2030.

The Notes pay a contingent coupon of $23.875 per $1,000 (9.55% per annum) on quarterly dates only if each index is at or above its Coupon Threshold of 75% of its initial value. The Notes are automatically called if, on any call observation date beginning November 16, 2026, each index is at or above its initial value; upon call, holders receive $1,000 plus the coupon due and no further payments.

At maturity, if not called, investors receive $1,000 per note if the least performing index is at or above its 60% barrier; otherwise, repayment is reduced by the index decline, which can result in substantial loss of principal. Price to public is 100.00%, underwriting discount 1.00%, and proceeds to RBC 99.00% per note. The initial estimated value is expected to be between $920.00 and $970.00 per $1,000, below the public offering price. All payments are subject to RBC’s credit risk.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the EURO STOXX Banks Index (SX7E) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The offering totals $750,000 at 100% of par, with $7,500 in underwriting discounts and $742,500 in proceeds to RBC.

The Notes pay a contingent coupon of $42.125 per $1,000 (4.2125% quarterly; 16.85% per annum) on observation dates only if each underlier is at or above its 70% coupon threshold/barrier. Initial values: SX7E 234.42 (threshold/barrier 164.09); XOP $125.93 (threshold/barrier $88.15). The Notes auto-call if, on any call observation date, both underliers are at or above their initial values, paying par plus the coupon.

If not called, at maturity on November 9, 2028, investors receive par if the least performer is at or above its barrier; otherwise, repayment is reduced one-for-one with the least performer’s decline, which can result in substantial principal loss. The initial estimated value is $968.74 per $1,000. Key dates: Strike Nov 4, 2025, Trade Nov 5, 2025, Issue Nov 10, 2025, Valuation Nov 6, 2028.

Royal Bank of Canada plans to issue Capped Enhanced Return Buffer Notes linked to the S&P 500 Index, maturing on November 30, 2028 (Trade Date November 25, 2025; Issue Date December 1, 2025). The notes provide 150% upside participation in the index, subject to a Maximum Return of 27.75% (maximum payment $1,277.50 per $1,000 note). A 15% downside buffer applies; below that level, principal is reduced proportionally.

The price to the public is 100% of principal, with 1.00% underwriting discounts and commissions, resulting in 99% proceeds to Royal Bank of Canada. The initial estimated value is expected between $927 and $977 per $1,000, reflecting structuring and hedging costs. Minimum investment is $1,000. Payments at maturity depend on S&P 500 performance and are subject to RBC’s credit risk. Tax counsel expects treatment as prepaid financial contracts (open transactions), and the issuer expects Section 871(m) not to apply to Non‑U.S. holders based on current rules.

Royal Bank of Canada filed a preliminary pricing supplement for a primary offering of Auto‑Callable Contingent Coupon Barrier Notes linked to the S&P 500 Index, due November 30, 2028. The notes pay a contingent coupon of $19.375 per $1,000 each quarter (1.9375% quarterly, 7.75% per annum) if the index closes at or above an 80% Coupon Threshold on the observation date.

The notes are auto‑callable: if on any call observation date the index is at or above its initial level, investors receive $1,000 plus the coupon and the notes terminate. If held to maturity and the final index value is at or above the 80% Barrier, repayment is $1,000; otherwise repayment equals $1,000 plus $1,000 × Underlier Return, which can result in a substantial loss of principal.

Pricing terms include a price to public of 100%, underwriting discount of 1.00%, and proceeds to the issuer of 99.00% per note. The initial estimated value is expected between $926 and $976 per $1,000. Minimum investment is $1,000. Key dates: Trade Date November 25, 2025; Issue Date December 1, 2025; Valuation Date November 27, 2028.

Royal Bank of Canada (RBMCF) plans a primary offering of Capped Return Notes linked to the S&P 500 Index. The notes offer a 100% participation rate, subject to a Maximum Return of 35%, capping the payment at $1,350 per $1,000 at maturity. Pricing is at 100% of principal, with a 1.00% underwriting discount and 99.00% proceeds to RBC. The initial estimated value is expected between $918 and $968 per $1,000, below the public offering price.

Key dates are Trade Date November 25, 2030, Issue Date December 1, 2025, Valuation Date November 25, 2030, and Maturity Date November 29, 2030. At maturity, if the S&P 500 is above its initial level, holders receive principal plus the lesser of the index return or 35%; if at or below, holders receive principal only. Minimum investment is $1,000. The notes are unsecured debt of RBC, are not deposit-insured, and are not bail‑inable. For U.S. tax, RBC intends CPDI treatment; RBC expects Section 871(m) will not apply.

Royal Bank of Canada is offering Buffer Digital Notes linked to the Nasdaq-100 Index, maturing on December 31, 2026. The notes pay a fixed 9.50% “Digital Return” per $1,000 at maturity if the Final Index Value is at or above the Buffer Value, which is 90% of the Initial Value. A 10% downside buffer applies; below the buffer, repayment is reduced by losses beyond the buffer.

Key terms include: minimum investment of $1,000; Trade Date November 25, 2025; Issue Date December 1, 2025; Valuation Date December 28, 2026. Price to public is 100%, with 1.00% underwriting discounts and commissions; proceeds to Royal Bank of Canada are 99.00% of the principal amount. The initial estimated value is expected between $931 and $981 per $1,000.

The notes are unsecured obligations of RBC and subject to RBC’s credit risk. Investors may lose some or a substantial portion of principal if the index ends below the buffer.

Royal Bank of Canada plans to offer Auto-Callable Enhanced Return Barrier Notes linked to the Solactive Equal Weight U.S. Blue Chip Select AR Index (SOLUSBCA). The notes are priced at 100% of face value, with underwriting discounts of 3.625% and proceeds to the issuer of 96.375% per $1,000. The initial estimated value is expected to be $880–$930 per $1,000, below the public price.

The notes may be automatically called on November 30, 2026 if the index is at or above its initial level, paying at least $1,200 per $1,000 on December 3, 2026. If not called, at maturity on November 29, 2030: investors receive 150% of any positive index return; return of principal if the final value is between the initial level and the barrier; and one-for-one downside if below the 70% barrier. Minimum investment is $1,000. All payments are subject to RBC’s credit risk.

The Underlier deducts a 5.5% per annum adjustment factor. The notes are not insured by CDIC/FDIC and are not bail-inable.