ROYAL BANK OF CANADA SEC Filings

Royal Bank of Canada is offering senior unsecured notes whose payoff is linked to a weighted basket of five major non-U.S. equity indices: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P®/ASX 200 (8%). The notes pay no interest and are not listed or redeemable prior to maturity.

At maturity, for each $1,000 note you receive cash based on the basket return. If the final basket level is at or above the initial level, you receive the greater of a threshold settlement amount, expected between $1,179.30 and $1,210.90, or $1,000 plus the basket gain. If the final basket level is below the initial but at or above a 90% buffer level, you receive $1,000. Below the buffer, losses accelerate at about 1.1111% for each 1% basket loss beyond the 10% buffer, and you could lose your entire principal.

The initial estimated value is expected between $961.70 and $991.70 per $1,000, reflecting hedging costs and issuer profit, and the notes are subject to Royal Bank of Canada’s credit risk and limited secondary market liquidity.

Royal Bank of Canada is issuing Auto-Callable Contingent Coupon Barrier Notes linked to the worst performer of the Nasdaq-100 Index, Russell 2000 Index and Energy Select Sector SPDR Fund. The notes have a principal amount of $1,240,000, priced at 100% of face value, with 2.50% in underwriting discounts and 97.50% of proceeds to the bank.

Investors may receive a monthly contingent coupon of $8.333 per $1,000 (10.00% per year) only if each underlier stays at or above 75% of its initial value on the observation dates. The notes can be automatically called from May 2026 if all underliers are at or above their initial levels, returning $1,000 plus the coupon. If held to maturity and the weakest underlier is at or above 60% of its initial value, principal is repaid; below 60%, repayment is reduced one-for-one with the underlier loss, potentially to zero. The initial estimated value is $955.67 per $1,000, below the public offering price, and returns depend on RBC’s credit and complex tax treatment.

Royal Bank of Canada is issuing $3,275,000 Fixed Coupon Barrier Notes linked to the least-performing of JPMorgan Chase and Microsoft common stock, maturing on May 26, 2026.

The Notes pay a fixed coupon of $34.375 per $5,000 each month, equal to 8.25% per annum, regardless of underlier performance. At maturity, if the worst-performing stock is at or above 70% of its initial value, investors receive full principal in cash plus the final coupon. If it is below that barrier, investors receive shares of the worst-performing stock instead of cash, based on a fixed share ratio, and can lose a substantial portion or all of their principal.

The price to the public is 100% of principal, with underwriting discounts of 0.75% and proceeds to RBC of 99.25%. The initial estimated value is $4,904.78 per $5,000, reflecting internal funding and hedging costs. The U.S. tax treatment is uncertain and relies on a “put option and deposit” characterization, with part of the coupon treated as interest and part as option premium.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of NVIDIA Corporation (NVDA). The Notes have a minimum investment of $1,000, a Trade Date of December 3, 2025 and a scheduled Maturity Date of January 7, 2027. The price to the public is 100% of principal, with underwriting discounts of 1.875% and proceeds to Royal Bank of Canada of 98.125% per $1,000.

The Notes pay a contingent coupon of $10.208 per $1,000 (1.0208% per month, 12.25% per annum) only if NVDA’s closing value on each observation date is at or above a Coupon Threshold set at 60% of the Initial Underlier Value. The Notes are auto-callable monthly starting June 3, 2026 if NVDA is at or above its Initial Underlier Value, in which case investors receive $1,000 plus the due coupon and no further payments.

If not called, at maturity investors receive $1,000 per Note if NVDA’s final value is at or above the Barrier Value (also 60% of the Initial Underlier Value). If NVDA finishes below the barrier, repayment is in NVDA shares equal to the Physical Delivery Amount, which can result in a substantial or total loss of principal. The initial estimated value is expected to be between $915 and $965 per $1,000, reflecting fees and hedging costs, and all payments are subject to Royal Bank of Canada’s credit risk.

Royal Bank of Canada filed an amended Form 13F, indicating it is adding new holdings entries to its previously reported institutional investment portfolio. This 13F holdings report lists institutional equity positions managed by the bank and its related entities.

The filing reports a Form 13F Information Table Value Total of $554,927,496,000 and a Form 13F Information Table Entry Total of 28,572. It also shows 19 other included managers, such as RBC Global Asset Management Inc., RBC Capital Markets, LLC, City National Bank, and others, reflecting the broad scope of assets managed under the Royal Bank of Canada umbrella.

Royal Bank of Canada filed an amended Form 13F-HR as a restatement of its institutional holdings report. The filing confirms that this is a full 13F holdings report, meaning all reportable positions for this manager are included.

The report lists 25,562 individual holdings in the Form 13F information table, with a total reported value of $478,546,730,000. Royal Bank of Canada reports on behalf of multiple affiliated managers, with 20 other included managers such as RBC Global Asset Management entities, RBC Capital Markets, and City National Bank. The report is signed by Terry Fallon, MD and Head of Regulatory Services.

Royal Bank of Canada is offering Airbag Autocallable Yield Notes linked to the common stock of UnitedHealth Group Incorporated (UNH), maturing on or about November 27, 2026. Each Note has a $1,000 principal amount and pays a fixed monthly coupon based on an 11.25% per annum rate, regardless of how the UNH share price performs. The Notes may be automatically called quarterly if UNH’s closing value is at least the Initial Underlying Value of $311.54, in which case holders receive $1,000 plus the applicable coupon and the Notes terminate early.

If the Notes are not called and the Final Underlying Value on the valuation date is at or above the Conversion Price of $264.81 (85% of the initial value), holders receive $1,000 in cash per Note plus the final coupon at maturity. If the Final Underlying Value is below the Conversion Price, holders receive the last coupon and 3.7763 UNH shares per Note, which may be worth substantially less than $1,000 and could be worth $0. The price to the public is $1,000 per Note, including a $15 selling commission, with proceeds to the bank of $985 per Note. The initial estimated value is expected between $927.00 and $977.00 per Note, and all payments are subject to Royal Bank of Canada’s credit risk. The Notes will not be listed on any securities exchange.

Royal Bank of Canada is offering market-linked, auto-callable notes tied to the lowest performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices, maturing on November 30, 2028. Each security has a $1,000 face amount and pays a contingent quarterly coupon at a rate of at least 9.80% per annum, but only if the lowest performing index on the relevant calculation day is at or above 75% of its starting value.

From May 2026 to August 2028, if on any quarterly calculation day the lowest performing index is at or above its starting value, the notes are automatically called for $1,000 plus a final coupon. If the notes are not called and, on the final calculation day, the lowest performing index is below 75% of its starting value, investors are fully exposed to that decline and can lose more than 25%, up to all principal.

The initial estimated value is expected to be between $894.50 and $944.50 per $1,000, below the original offering price, reflecting fees, hedging costs and RBC’s internal funding rate. The notes are unsecured obligations of Royal Bank of Canada, subject to its credit risk, and will not be listed on an exchange, so liquidity may be limited.

Royal Bank of Canada is offering auto-callable contingent coupon barrier notes linked to the common stock of Ford Motor Company, maturing on January 7, 2027. The notes pay a contingent coupon of $7.50 per $1,000 in any month the Ford share price is at or above a coupon threshold set at 64% of the initial share value. If, on any monthly call observation date starting June 3, 2026, Ford’s share price is at or above its initial value, the notes are automatically called at $1,000 plus that month’s coupon.

If the notes are not called and Ford’s final share value is at or above the 64% barrier, investors receive their $1,000 principal plus any due coupon. If it is below the barrier, investors receive Ford shares worth less than principal, with the loss matching the stock decline, up to a total loss. The public price is 100% of principal, while RBC’s initial estimated value is expected between $916 and $966 per $1,000. RBC’s counsel expects to treat the notes as prepaid financial contracts with associated coupons for U.S. tax purposes, though this treatment is not certain.