Royal Bank of Canada is offering Barrier Digital Notes linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index. The Trade Date is February 20, 2026, Issue Date is February 25, 2026 and Maturity Date is February 25, 2032. The Notes pay at maturity based on the Least Performing Underlier: full principal plus the greater of the Underlier Return or a Digital Return of 63% if the Final Underlier Value ≥ Initial Underlier Value; full principal if Final ≥ Barrier (60% of Initial); or a loss equal to the Underlier Return if Final < Barrier. Initial Underlier Values: SPX 6,909.51 and SX5E 6,131.31; Barrier Values are 60% of those figures. Public offering price is 100.00% (aggregate $4,220,000); underwriting discount 3.35% and proceeds to issuer $4,078,630. The initial estimated value is $949.52 per $1,000 principal. All payments are subject to the Bank's credit risk and a range of risks are summarized in the pricing supplement.
Royal Bank of Canada is offering Capped Enhanced Return Barrier Notes linked to the State Street SPDR S&P Oil & Gas Exploration & Production ETF (the Underlier). The Notes price at 100.00% of par with underwriting discounts of 1.60% and proceeds to the Bank of 98.40%. The Trade Date is February 27, 2026, Issue Date March 4, 2026, Valuation Date February 28, 2028 and Maturity Date March 2, 2028.
Key economics: a 200% Participation Rate subject to a 45% Maximum Return (maximum payment $1,450 per $1,000 principal), a Barrier set at 70% of the Initial Underlier Value, and a Physical Delivery outcome of Underlier shares if the Final Underlier Value is below the Barrier. The initial estimated value is expected between $920.00 and $970.00 per $1,000 principal amount; market value and secondary-market liquidity may differ materially. All payments are subject to Royal Bank of Canada's credit risk.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Geared Buffer Notes linked to an equally weighted basket of CRWD, MSFT, PANW and SNOW. The Trade Date is February 27, 2026, Issue Date March 4, 2026, Valuation Date February 28, 2028 and Maturity Date March 2, 2028.
The Notes pay $1,212.50 per $1,000 if the Basket is at or above the Initial Basket Value on the Call Observation Date, with Call Settlement on March 17, 2027. If not called, the Notes provide a Participation Rate of 125% for positive Basket returns at maturity, a Buffer Value of 85 (15% buffer) and a Downside Multiplier of 100%/85% (≈1.17647). Price to public is 100% with underwriting discounts of 1.50%; certain fiduciary accounts pay $985 per $1,000. The initial estimated value is stated between $922.00 and $972.00 per $1,000.
Royal Bank of Canada is offering $1,765,000 of Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of the Russell 2000 Index, VanEck Semiconductor ETF and the State Street Utilities Select Sector SPDR ETF. The Notes pay a contingent quarterly coupon of $25.00 per $1,000 when each underlier is at or above its 70% coupon threshold, are auto-callable on quarterly observation dates beginning February 22, 2027 if each underlier is at or above its initial value, and mature May 23, 2030 with principal at risk if the least performing underlier is below its 60% barrier on the valuation date.
Royal Bank of Canada offers $650,000 of Auto-Callable Fixed Coupon Barrier Notes linked to the least performing of AMD, The Progressive and Exxon Mobil, with a Fixed Coupon of 12.20% per annum. The Trade Date is February 20, 2026, Issue Date February 25, 2026, and Maturity Date February 23, 2029.
The Notes pay a monthly Fixed Coupon of $10.167 per $1,000 principal amount and are auto-callable on specified quarterly Call Observation Dates if each Underlier equals or exceeds its initial closing value. If not called, repayment at maturity depends on the Least Performing Underlier: full principal if its Final Underlier Value is ≥ its Barrier Value (50% of initial), or physical delivery of shares equal to the Physical Delivery Amount if below the Barrier Value. The public offering price is 100.00% and the initial estimated value is $960.53 per $1,000.
Royal Bank of Canada is offering $10,083,000 in Auto-Callable Enhanced Return Geared Buffer Notes linked to a four-stock basket. The Notes have a Trade Date of February 20, 2026, Issue Date February 25, 2026, Valuation Date February 22, 2028 and Maturity Date February 25, 2028.
If the Notes are automatically called based on the Call Observation Date, holders receive $1,202.10 per $1,000 principal (120.21%). If not called, the Notes pay at maturity using a Participation Rate of 125%, a Buffer Value of 85% (Buffer Percentage 15%) and a Downside Multiplier of approximately 117.647%.
Royal Bank of Canada is offering Enhanced Return Buffer Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index. The offering priced at a public offering price of $1,245,000 in aggregate and has an initial estimated value of $960.67 per $1,000 note.
Key terms: Trade Date February 20, 2026, Issue Date February 25, 2026, Valuation Date February 20, 2031, Maturity Date February 25, 2031. The Notes pay at maturity based on the Underlier Return with a 195% Participation Rate and a 15% Buffer; principal is at risk if the Final Underlier Value is below the Buffer Value.
Royal Bank of Canada offers Trigger Autocallable Contingent Yield Notes linked to Microsoft Corporation stock. The notes have a term to August 27, 2027, pay a quarterly contingent coupon set at 12.25% to 13.25% per annum if observation-date thresholds are met, and are automatically called early if the Underlying reaches the Initial Underlying Value on any quarterly call observation date.
The notes pay principal at maturity only if the Final Underlying Value is at or above the Downside Threshold (stated as 75% of the Initial Underlying Value); otherwise repayment at maturity is reduced pro rata by the negative Underlying Return, and investors can lose up to 100% of principal. Offering price is $10.00 per note, underwriting commission is $0.15 per note, and the issuer’s initial estimated value is expected between $9.32 and $9.82 per note.
Royal Bank of Canada is offering $500,000 principal amount of Auto-Callable Fixed Coupon Barrier Notes linked to the least performing of Chevron, Halliburton and Valero common stock. The Notes pay a fixed monthly coupon of $7.167 per $1,000 (8.60% per annum), are callable on specified quarterly observation dates and mature on February 23, 2029. If not called, repayment at maturity depends on the Final Underlier Value of the least performing Underlier relative to its 50% barrier: investors receive full principal if that Final Underlier Value is >= barrier, or physical delivery of shares (or cash for fractional shares) if below the barrier. All payments are subject to the issuer’s credit risk and U.S. federal tax treatment described in the pricing supplement.
Royal Bank of Canada is offering $7,592,000 in Auto-Callable Fixed Coupon Barrier Notes linked to the common stock of Broadcom Inc. The Notes pay a Fixed Coupon of $9.833 per $1,000 (11.80% per annum), have an Initial Underlier Value of $332.65, a Barrier Value of $186.28 (56% of the initial), and a Physical Delivery Amount of 3.0062 shares per $1,000.
Trade Date is February 20, 2026, Issue Date February 25, 2026, Valuation Date March 22, 2027 and Maturity Date March 25, 2027. Call observations occur monthly beginning August 20, 2026. Initial estimated value is $975.00 per $1,000 versus public offering price at par; underwriting discount is 1.50%.