Royal Bank of Canada SEC Filings

Royal Bank of Canada is offering autocallable structured notes linked to the SPDR S&P Biotech ETF (XBI), maturing February 26, 2029. Each note has a $10 principal amount and is a senior unsecured obligation of RBC, fully subject to its credit risk and not insured by deposit insurance.

The notes may be automatically called if XBI is at or above the $123.18 Call Level on observation dates in 2027, 2028, or 2029, paying fixed Call Amounts per unit of $11.602, $13.204, or $14.806, respectively. If never called and XBI finishes below the $123.18 Threshold Value, investors lose principal on a 1:1 basis, with downside fully exposed. The initial estimated value is $9.74 per unit, below the $10 public offering price due to RBC’s internal funding rate, underwriting discounts, and a $0.05 per-unit hedging-related charge. Investors forgo interest and dividends and face concentrated biotechnology sector risk and limited secondary liquidity.

Royal Bank of Canada is issuing auto-callable contingent coupon barrier notes linked to the weaker of the XLK and XOP ETFs in a $750,000 offering. Investors pay 100% of principal, while RBC expects net proceeds of 99%, or $742,500, before hedging.

The notes can auto-call quarterly if both ETFs are at or above their initial values, paying back principal plus a contingent coupon of $43.375 per $1,000 (4.3375% per quarter, 17.35% per year). If not called, maturity is in February 2029.

Principal is protected only if the worst-performing ETF finishes at or above 80% of its initial value; below this barrier, repayment is reduced one-for-one with the loss in the least performing ETF, and investors can lose most or all of their investment. The initial estimated value of $977.66 per $1,000 is below the public offering price, reflecting fees, funding, and hedging costs.

Royal Bank of Canada is offering Autocallable Strategic Accelerated Redemption Securities® (STARs) linked to an international equity index basket, due February 26, 2029. The offering is priced at $10.00 per unit for a total public offering of $23,763,500.00, with an initial estimated value of $9.76 per unit as of the pricing date.

The notes are senior unsecured obligations of RBC, expose investors to RBC credit risk, are subject to automatic early call on specified Observation Dates, and may return less than principal at maturity if the Ending Value is below the Threshold Value. Fees include a $0.20 underwriting discount and a $0.05 hedging-related charge; the Threshold Value and Call Level equal the Starting Value of 100.00.

Royal Bank of Canada is offering Autocallable Strategic Accelerated Redemption Securities linked to the EURO STOXX 50® Index, with a public offering size of $8,620,910.00 at $10 per unit. The initial estimated value is $9.70 per unit, lower than the public price due to RBC’s internal funding rate, underwriting discount and a hedging-related charge.

The notes run to February 23, 2029 and may be automatically called if the index on an Observation Date is at or above the Starting Value/Call Level of 6,011.29. If called, investors receive fixed Call Amounts per unit of $11.133, $12.266 or $13.399, depending on whether the call occurs after roughly one, two or three years.

If the notes are not called and the final index level is below the Threshold Value of 6,011.29, repayment of principal is reduced one-for-one with the index decline, with potential for significant loss, as illustrated by a hypothetical 50% drop leading to a $5.00 Redemption Amount per unit. The notes pay no interest, provide no dividends, are unsecured senior obligations of RBC and depend entirely on RBC’s credit, with limited or no secondary market liquidity expected.

Royal Bank of Canada plans to issue five auto-callable contingent coupon barrier notes with memory coupons, each maturing in February 2029 and linked separately to Adobe, Albemarle, Arm ADS, Micron and Tesla shares. The notes offer indicative annual coupon ranges from 10.25%–11.25% (Adobe) up to 19.25%–20.25% (Micron), paid quarterly only if the relevant underlier stays at or above a preset threshold.

Each note is automatically called if, on specified quarterly observation dates, the underlier closes at or above its initial value, returning principal plus due coupons, with no further payments. If not called and the final underlier value is at or above a barrier set at 50%–55% of the initial level, investors receive full principal back; if it finishes below the barrier, repayment is reduced in line with the underlier loss, up to a total loss of principal. Initial estimated values are expected between about $890 and $953 per $1,000 note, below the 100% public offering price, reflecting dealer compensation and hedging costs. Payments depend on RBC’s credit, the products are not deposit-insured, and the U.S. tax discussion indicates treatment as prepaid financial contracts with ordinary income coupons, subject to IRS uncertainty.

Royal Bank of Canada is offering Series J structured notes tied to a weighted basket of five equity indices: EURO STOXX 50® (40%), TOPIX® (25%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P®/ASX 200 (7%). Each note has a $1,000 principal amount, pays no interest and is not listed or redeemable before maturity.

At maturity (expected about 47–50 months after the trade date), investors receive cash based on the basket return, with an upside participation rate expected between 158% and 185% if the basket rises. If the final basket level is below the initial level of 100, losses are one‑for‑one and investors can lose their entire investment. The initial estimated value is expected between $928.40 and $958.40 per $1,000, reflecting a 3.47% underwriting discount and hedging costs, and the notes are unsecured obligations of Royal Bank of Canada, without FDIC or CDIC insurance.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Geared Buffer Notes linked to an equally weighted basket of CrowdStrike, Microsoft, Palo Alto Networks and Snowflake shares. The Notes are unsecured senior debt of RBC and are not bank deposits or insured obligations.

Each Note has a $1,000 principal amount, priced at 100% to the public, with proceeds to RBC of 98.50% after a 1.50% placement fee. The minimum investment is $10,000 in $1,000 increments. The initial estimated value is expected between $929.00 and $979.00 per $1,000, below the public offering price.

The Notes may be automatically called on March 5, 2027 if the basket closing value is at least its initial value, paying $1,202.10 per $1,000 (120.21%) and then terminating. If not called, at maturity investors get 125% of any positive basket return, full principal back if the basket is down up to 15%, and amplified losses beyond a 15% decline via a downside multiplier of about 1.17647. Investors can lose some or all principal, and all payments depend on RBC’s credit. The supplement also highlights complex U.S. tax treatment and multiple risk factors, including secondary market and valuation risks.

Royal Bank of Canada is issuing auto-callable contingent coupon barrier notes linked to the worst performer of the EURO STOXX Banks Index and the Technology Select Sector SPDR ETF in a $750,000 offering. Investors pay 100% of principal, while RBC expects net proceeds of $742,500 after a 1% underwriting discount.

The notes can pay a $40 contingent coupon per $1,000 each quarter (a 4.00% quarterly rate, 16.00% per year) if both underliers close at or above 75% of their initial values on the relevant observation date. They are automatically called if on any call observation date both underliers are at or above their initial levels, returning $1,000 plus that period’s coupon.

If the notes are not called and the worst-performing underlier finishes below its 75% barrier on the valuation date, repayment of principal is reduced one-for-one with the underlier loss, potentially to zero. The initial estimated value is $956.98 per $1,000, below the public price, and the notes are unsecured, not deposit-insured, and subject to complex U.S. tax treatment.

Royal Bank of Canada is offering auto-callable contingent coupon barrier notes linked to the worst performer among the iShares MSCI Emerging Markets ETF, the Nikkei 225 Index and the EURO STOXX 50 Index. The minimum investment is $1,000.

The notes pay a contingent coupon of $8.00 per $1,000 (0.80% monthly, 9.60% annually) on scheduled dates only if each underlier is at or above 70% of its initial value. Starting in May 2026, if on any call observation date all underliers are at or above their initial value, the notes are automatically called and repay $1,000 plus the applicable coupon, with no further payments.

If not called, at maturity in August 2027 investors receive $1,000 per note if the worst underlier is at or above its 70% barrier; otherwise repayment is reduced one-for-one with the decline in the worst underlier, potentially to zero. The price to the public is 100% of principal, with 1.875% underwriting discounts, and the initial estimated value is expected between $912.50 and $962.50 per $1,000, reflecting dealer costs and hedging. The notes are unsecured RBC debt, not insured by deposit insurers, involve complex U.S. tax treatment, and expose investors to possible loss of most or all principal.