ROYAL BANK OF CANADA SEC Filings

Royal Bank of Canada is offering return notes linked to the performance of the Russell 2000 Index, maturing on January 25, 2029. Each note has a $1,000 principal amount, with a price to the public of 100% and no underwriting commission to RBC Capital Markets, LLC.

At maturity, if the index is at or above its initial level of 2,718.765, investors receive $1,000 plus 63.50% of the index gain. If the index is below its initial level, the payoff is $1,000 plus the better of the index return or a minimum return of -5%, so the minimum payment is $950 per $1,000 note, meaning investors can lose up to 5% of principal.

The initial estimated value is expected between $938.50 and $988.50 per $1,000 note, reflecting issuer funding and hedging costs. The notes are unsecured RBC debt, not insured by Canadian or U.S. deposit insurers, may trade at a discount in any secondary market, and are subject to complex U.S. tax treatment as contingent payment debt instruments.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Dual Directional Barrier Notes linked to the common stock of Oracle Corporation. The Notes are priced at 100% of principal, with underwriting discounts and commissions of 2.35%, so RBC’s proceeds are 97.65% per $1,000. The initial estimated value is expected to range from $914 to $964 per $1,000, which is less than the public offering price.

The Notes may be automatically called on February 1, 2027 if Oracle’s stock is at or above its initial value, paying $1,255 per $1,000 (a 25.50% return) and then terminating. If not called, at maturity in January 2028 investors receive leveraged upside at a 150% participation rate when Oracle is above its initial value, or a positive “dual directional” return when Oracle is down but not below a barrier set at 65% of the initial value, capped at a 35% gain. If Oracle’s final value is below the barrier, repayment of principal is reduced one-for-one with the stock’s loss, and investors can lose most or all of their investment. All payments are subject to RBC’s credit and complex tax and market risks.

Royal Bank of Canada is offering unsecured Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the worst performer of the Russell 2000 Index, VanEck Semiconductor ETF and State Street Utilities Select Sector SPDR ETF. The Notes pay a contingent quarterly coupon of $24 per $1,000 (9.60% per annum) only if each underlier is at or above 70% of its initial value on the relevant observation date, with missed coupons potentially paid later if conditions are met. The Notes may be automatically called quarterly starting in February 2027 if all underliers are at or above their initial values, returning $1,000 per Note plus any due coupons. If not called, principal repayment at maturity depends on the worst underlier: full principal if it finishes at or above 60% of its initial value, but a one-for-one loss below that barrier, up to total loss of principal. The initial estimated value is expected between $870 and $920 per $1,000, reflecting fees, funding and hedging costs, and the Notes carry significant market, credit and tax risks.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index. The Notes are priced at 100% of principal, with underwriting discounts of 2.25%, so proceeds to the bank are 97.75% of the issue price.

Investors may receive a contingent coupon of $26.25 per $1,000 each quarter (10.50% per annum) if, on the relevant observation date, the index closes at or above 75% of its initial value. The Notes can be automatically called quarterly, starting about six months after issuance, if the index is at or above its initial value, in which case investors receive $1,000 plus the applicable coupon and no further payments.

If not called, principal repayment at maturity depends on the index level. Full principal is returned if the final index value is at least 65% of the initial value; below that barrier, repayment is $1,000 plus $1,000 times the index return, which can result in substantial or total loss of principal. The initial estimated value is expected between $900 and $950 per $1,000, reflecting internal funding, fees and hedging. The Notes are unsecured RBC debt, not insured, and involve complex tax and market risks.

Royal Bank of Canada is offering Daily Auto-Callable Absolute Return Digital Notes linked to the S&P 500 Index. The Notes are issued at 100% of principal, with underwriting discounts and commissions of 0.24%, so proceeds to the bank are 99.76% of the public offering price. The minimum investment is $1,000.

The structure offers a fixed Digital Return of 4.05% per $1,000 if the Final Underlier Value is at or above the Initial Underlier Value. If the Final Underlier Value is below the Initial Underlier Value but not below the Barrier Value, set at 85% of the Initial Underlier Value, investors receive the absolute value of the index move, capped at 15%. The Notes are subject to daily auto-call based on the Underlier level and all payments depend on Royal Bank of Canada’s creditworthiness.

The initial estimated value is expected to range from $940.00 to $990.00 per $1,000 principal amount, reflecting internal funding and hedging costs. The tax disclosure states an intention to treat the Notes as contingent payment debt instruments for U.S. federal income tax purposes and explains potential Section 871(m) consequences for non-U.S. investors.

Royal Bank of Canada is offering fixed-rate, callable senior notes to investors. The Notes pay interest at 4.00% per annum, with payments made annually each February 13, starting in 2027 and continuing to the scheduled maturity on February 13, 2029, if the Notes are not redeemed earlier.

The minimum investment is $1,000, in denominations of $1,000, and RBC Capital Markets, LLC will act as underwriter and calculation agent. RBC Capital Markets will purchase the Notes at prices between $990.00 and $1,000.00 per $1,000 principal amount and may pay up to $10.00 per $1,000 in selling concessions. The Notes are redeemable at the issuer’s option in whole, but not in part, on the scheduled call dates of February 13, 2027 and February 13, 2028. The Notes are bail-inable under Canadian law, meaning they may be converted into common shares or written down in a resolution scenario, and all payments are subject to Royal Bank of Canada’s credit risk.

Royal Bank of Canada is offering auto-callable contingent coupon barrier notes with a memory feature, linked to the common stock of Micron Technology, Inc. The notes have a minimum investment of $1,000 and pay a contingent quarterly coupon of $46.75–$49.25 per $1,000 (about 18.70%–19.70% per year) only when Micron’s share price is at or above a coupon threshold set at 50% of its initial value. Missed coupons can be paid later if a future observation date meets the threshold.

The notes may be automatically called quarterly starting in July 2026 if Micron’s share price is at or above its initial level, returning $1,000 plus due coupons with no further payments. If not called, at maturity in January 2029 investors receive full principal only if Micron’s final value is at or above the 50% barrier; if it is below, repayment is reduced one-for-one with Micron’s loss, potentially to zero. The initial estimated value is expected to be $910.85–$960.85 per $1,000, below the public offering price, and tax treatment is expected to follow a prepaid financial contract approach, though this is not certain.

Royal Bank of Canada is issuing issuer-callable contingent coupon barrier notes linked to the common stock of Netflix, Inc. The notes are offered at 100% of principal for a total of $1,125,000, with no underwriting commissions to RBC Capital Markets, LLC, though unaffiliated brokers may receive referral fees.

Each $1,000 note pays a monthly contingent coupon of $11.25 (a rate of 1.125% per month, or 13.50% per year) only if Netflix’s closing price on the observation date is at or above the coupon threshold of $61.08, which is 70% of the initial value of $87.26. RBC can call the notes quarterly, starting about six months after issuance, paying back $1,000 plus any due coupon, with no further payments.

At maturity in January 2029, if not called, investors receive $1,000 per note if Netflix’s final value is at or above the barrier of $52.36 (60% of the initial value). If the final value is below this barrier, repayment is reduced in line with the stock’s percentage decline, and investors can lose a substantial portion or all of their principal. RBC’s initial estimated value is $970.14 per $1,000 note, reflecting internal funding and hedging costs. All payments depend on RBC’s credit and carry complex tax and market risks.

Royal Bank of Canada is issuing $3,000,000 of Airbag Autocallable Yield Notes linked to the worst performer among Dell Class C, Eli Lilly and Micron common shares, maturing on January 21, 2028. The Notes pay a fixed 15.75% per annum coupon in quarterly installments regardless of stock performance and can be called every quarter starting six months after trade if all three stocks are at or above their initial values, returning principal plus the coupon.

If the Notes are never called and, at maturity, the least performing stock is at or above its Conversion Price (60% of its initial value), investors receive full principal in cash plus the final coupon. If that stock finishes below its Conversion Price, investors receive shares of that stock based on a fixed share amount per Note plus the coupon, which can result in substantial or total loss of principal. The Notes are senior unsecured obligations of RBC, not listed on an exchange, include dealer fees, and have an initial estimated value of $970.07 per $1,000 Note.