ROYAL BANK OF CANADA SEC Filings

Royal Bank of Canada is issuing $750,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the worst performer of two ETFs: the State Street Technology Select Sector SPDR ETF (XLK) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The notes pay a contingent coupon of $42.50 per $1,000 each quarter (17.00% per year) only if, on the relevant observation date, both underliers are at or above 80% of their initial values.

The notes can be automatically called on quarterly observation dates if both ETFs are at or above their initial values, returning $1,000 per note plus the due coupon, with no further payments. If the notes are not called and, at maturity in January 2029, the worst-performing ETF is below its 80% barrier, repayment of principal is reduced one-for-one with the underlier loss, and investors could lose most or all of their investment.

The price to the public is 100% of principal, with 1.00% in underwriting discounts and net proceeds of $742,500 to Royal Bank of Canada. The bank’s initial estimated value is $989.76 per $1,000, below the issue price, reflecting internal funding and hedging costs. The supplement highlights market, structural, conflict-of-interest and tax risks, including uncertain U.S. tax treatment and potential withholding for non-U.S. holders.

Royal Bank of Canada is issuing $7,634,000 of Auto-Callable Fixed Coupon Barrier Notes due January 27, 2028, linked to the least performing of Broadcom Inc. common stock and Taiwan Semiconductor Manufacturing Company Limited ADSs.

The Notes pay a fixed coupon of 13.50% per year, or $33.75 per $1,000 each quarter, as long as they remain outstanding. Beginning April 2026, the Notes are automatically called if on any quarterly observation date both underliers are at or above their initial values, in which case investors receive $1,000 plus the coupon and no further payments.

If not called, at maturity investors receive $1,000 per Note if the least performing underlier is at or above a 55% barrier of its initial value. If it finishes below this barrier, investors receive shares of that weakest underlier (plus the final coupon), so principal losses mirror the stock’s decline and can reach 100%.

The initial estimated value is $974.89 per $1,000, below the public offering price, reflecting underwriting discounts, hedging costs and RBC’s funding spread. The tax section highlights complex U.S. federal income tax and withholding treatment, especially for non-U.S. holders.

Royal Bank of Canada is offering Daily Auto-Callable Absolute Return Digital Notes linked to the S&P 500 Index, with a total price to the public of $10,160,000 and proceeds to the issuer of $10,135,616. The Notes are issued in minimum denominations of $1,000, mature in April 2027, and may be automatically called on any observation date if the S&P 500 closes below the stated barrier value of 5,844.28.

If the Notes are not called and the final index level is at or above the initial level of 6,875.62, investors receive their principal plus a fixed digital return of 4.05%. If the final index level is below the initial level but at or above the barrier, investors receive a positive return equal to the absolute value of the index decline, capped at 15%. All payments depend on Royal Bank of Canada’s ability to pay and the Notes are not insured or bail-inable.

Royal Bank of Canada is offering three-year Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the worst performer of Amazon, Bank of America and Alphabet Class A shares. The notes pay a contingent coupon of $29.625 per $1,000 each quarter (11.85% per year) only if all three stocks close at or above 50% of their initial values on the relevant observation date, with missed coupons potentially paid later if conditions are met.

The notes can be automatically called quarterly if each stock is at or above its initial value, returning $1,000 plus applicable coupons. If not called, and the worst-performing stock finishes at or above its 50% barrier, investors receive $1,000 plus any due coupons. If the worst stock ends below the barrier, repayment is in shares of that stock worth less than $1,000, up to a total loss. The initial estimated value is expected between $905.50 and $955.50 per $1,000, reflecting fees, hedging costs and RBC’s funding rate, and all payments depend on RBC’s credit.

Royal Bank of Canada is offering auto-callable contingent coupon barrier notes linked to the common stock of ServiceNow, Inc. These notes pay a contingent coupon of $15.00 per $1,000 in any month the stock closes at or above the coupon threshold of $93.18, which is 70% of the initial value of $133.11. The notes can be automatically called starting in July 2026 if the stock is at or above the initial value, returning $1,000 plus the coupon. If the notes are not called and the final stock value is below the 70% barrier on the January 2028 valuation date, repayment of principal is reduced one-for-one with the stock loss, and investors can lose most or all of their investment. The public price is at par, but the initial estimated value is expected between $937.50 and $987.50 per $1,000.

Royal Bank of Canada is offering unsecured market-linked notes with a $1,000 face amount per security, at an original offering price of $1,000.00. The agent discount is $23.25 per security, so proceeds to RBC are $976.75 per security. The initial estimated value on the pricing date is expected between $902.00 and $952.00, which is lower than the offering price because of selling commissions, hedging costs and RBC’s internal funding rate.

The securities run from February 2, 2026 to February 2, 2028 and are linked to the lower performer of Alphabet Class A (GOOGL) and NVIDIA (NVDA). Investors may receive monthly contingent coupons at a rate of at least 14.00% per annum if, on each calculation day, the lower-performing stock is at or above 60% of its starting value. Beginning around six months after issuance, the notes are automatically called if the lower-performing stock is at or above its starting value on a calculation day, returning face amount plus that month’s coupon.

If the notes are not called, investors receive at maturity either the face amount (if the lower-performing stock is at or above 50% of its starting value) or a reduced amount proportional to the stock’s decline if it finishes below this downside threshold, which can mean losing more than half, up to all, of principal. There is no participation in any stock gains; all upside is limited to coupons. The notes are subject to RBC credit risk, are not insured, will not be listed on an exchange, may have limited or no secondary liquidity, and involve complex tax and valuation considerations.

Royal Bank of Canada is offering auto-callable contingent coupon barrier notes linked to the least-performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on February 6, 2031. The notes pay a quarterly contingent coupon of 2.375% (9.50% per year) per $1,000 only if on each observation date all three indices are at or above 70% of their initial values. The notes are automatically called, returning $1,000 plus the coupon, if on a call observation date each index is at or above its initial level.

If the notes are not called and the worst index is at or above 60% of its initial value at maturity, investors receive full principal back (and any coupon due). If the worst index finishes below 60% of its initial value, repayment of principal is reduced one-for-one with the index loss, and investors can lose most or all of their investment. The price to the public is 100% of principal, with 0.50% underwriting discounts; initial estimated value is expected between $917.50 and $967.50 per $1,000. The notes are senior unsecured debt, not insured deposits, and involve complex tax and market risks.

Royal Bank of Canada is offering $750,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the worst-performing of the SPDR S&P Regional Banking ETF (KRE) and the VanEck Semiconductor ETF (SMH). Investors pay 100% of principal while RBC receives 99%, or $742,500 after underwriting. The notes pay a contingent coupon of $45 per $1,000 (4.50% per quarter, 18.00% per year) only if, on each observation date, both ETFs are at or above 75% of their initial values.

The notes can be automatically called quarterly if both ETFs are at or above their initial levels, returning $1,000 per note plus the coupon and ending the investment early. If not called, maturity is on January 25, 2029. Principal is protected only if the worst ETF ends at or above its 75% barrier; otherwise, repayment is reduced one-for-one with the loss in that ETF, up to total loss. The initial estimated value is $989.10 per $1,000, below the public price, and all payments depend on RBC’s creditworthiness.

Royal Bank of Canada is offering $7,650,000 of structured notes linked to the EURO STOXX® Banks Index. Each note has a $1,000 principal amount, is issued at 100% of principal on January 26, 2026, and pays no interest.

At maturity on August 18, 2027, the cash payment per $1,000 depends on index performance from the January 21, 2026 trade date. Investors get 150% upside participation if the index rises, but returns are capped at a maximum settlement amount of $1,697.50, reached when the index is at or above 146.50% of its initial level of 265.56.

If the final index level is between 90% and 100% of the initial level, investors receive only principal back. Below the 90% buffer level, losses accelerate at about 1.1111% of principal for each 1% drop below the buffer, and principal can be fully lost. The initial estimated value is $975.83 per $1,000, the notes are unsecured RBC debt, not insured or listed, and secondary market liquidity and prices may be unfavorable.