ROYAL BANK OF CANADA SEC Filings

Royal Bank of Canada is offering three separate auto-callable contingent coupon barrier notes due January 31, 2029, each linked to a different stock: Goldman Sachs (GS), Eli Lilly (LLY) and SLB. Each note pays a quarterly contingent coupon at an annual rate of 10.00%–11.00% if, on the relevant observation date, the underlier closes at or above a set coupon threshold, which also serves as the barrier level for principal protection.

If on any call observation date the underlier closes at or above its initial value, the note is automatically called and pays back $1,000 per note plus the applicable coupon, with no further payments. If not called, and on the final valuation date the underlier is at or above the barrier, investors receive full principal plus any coupon due; if it is below the barrier, repayment is reduced one-for-one with the underlier loss, potentially down to zero. Initial estimated values per $1,000 note range from $890 to $957, below the public offering price, and all payments are subject to RBC’s credit risk.

Royal Bank of Canada is offering auto-callable contingent coupon barrier notes linked to the common stock of Oracle Corporation. These two-year notes pay a contingent coupon of $15.25 per $1,000 each month (equivalent to 18.30% per annum) only if Oracle’s closing value on the observation date is at or above a coupon threshold set at 60% of the initial value, which is also the downside barrier.

The notes may be automatically called on monthly dates starting in July 2026 if Oracle’s value is at or above its initial level, in which case investors receive $1,000 plus the coupon and no further payments. If the notes are not called and Oracle finishes below the barrier at maturity, repayment is reduced one-for-one with the stock’s loss, so investors can lose a substantial portion or all of their principal. The initial estimated value is expected to be $927–$977 per $1,000, below the public offering price, reflecting dealer compensation and hedging costs, and all payments are subject to Royal Bank of Canada’s credit risk.

Royal Bank of Canada is offering $9,171,470 of Autocallable Strategic Accelerated Redemption Securities® linked to an international equity index basket, at $10 per unit. These senior unsecured notes can be automatically called after about one, two or three years if the basket is at or above its 100.00 starting level, paying call amounts of $10.95, $11.90 or $12.85 per unit, respectively.

If the notes are not called and the basket’s final value is below the 100.00 threshold, investors will lose principal, potentially all of it. The basket combines six major equity indices with fixed initial weights, including 40% in the EURO STOXX 50® and 20% each in the FTSE® 100 and Nikkei 225. Investors receive no interest or dividends, and all payments depend on RBC’s credit. The initial estimated value is $9.68 per unit, below the $10 public offering price, reflecting RBC’s internal funding rate, a $0.20 per-unit underwriting discount and a $0.05 per-unit hedging-related charge; RBC expects to receive $8,988,040.60 in proceeds before expenses.

Royal Bank of Canada is issuing senior unsecured Autocallable Strategic Accelerated Redemption Securities linked to an equal-weighted basket of Goldman Sachs, JPMorgan Chase and Morgan Stanley, with a $10 principal amount per unit and scheduled maturity on January 26, 2029.

The notes may be automatically called if the basket value on an Observation Date (January 22, 2027; January 21, 2028; January 19, 2029) is at or above the Starting Value of 100.00, paying per-unit Call Amounts of $11.431, $12.862 or $14.293, respectively.

If the notes are not called and the Ending Value is below the Threshold Value of 100.00, investors lose principal in line with the basket decline (for example, a 50.00 Ending Value pays $5.00 per unit). The securities pay no coupons, do not provide dividends on the underlying stocks, and are subject to RBC’s credit risk.

The public offering price is $10.00 per unit, including a $0.20 underwriting discount and a $0.05 hedging-related charge, while the initial estimated value is $9.70 per unit, reflecting RBC’s internal funding rate and hedging costs.

Royal Bank of Canada is offering five auto-callable contingent coupon barrier notes with a memory coupon feature, each linked to a single U.S. stock: Broadcom, Best Buy, Constellation Energy, CrowdStrike and Vertiv. The notes pay quarterly contingent coupons only if the relevant stock stays at or above a coupon threshold, with indicative annual rates ranging from 10.50% to 14.00%. Missed coupons can be "caught up" later if conditions are met.

The notes may be automatically called quarterly starting in July 2026 if the stock is at or above its initial level, in which case investors receive principal plus any due coupons. If not called and the final stock value is at or above a barrier level (50%–60% of the initial value, depending on the underlier), principal is repaid in full. If the final value is below the barrier, repayment is reduced one-for-one with the stock decline, and investors can lose most or all of their principal. Initial estimated values range from $880 to $957 per $1,000, below the 100% public offering price, with underwriting discounts of 2.50% and proceeds to RBC of 97.50%.

Royal Bank of Canada is offering senior unsecured Airbag Autocallable Yield Notes linked to the worst performer among Dell Class C, Eli Lilly, and Micron common stock, maturing on or about January 21, 2028. Each $1,000 Note pays a fixed quarterly coupon at a 15.75% per annum rate regardless of how the stocks perform.

The Notes are automatically called if on any quarterly observation date starting six months after the trade date each stock’s closing value is at or above its initial value; in that case, investors receive $1,000 plus the coupon and the Notes terminate. If not called, and at maturity the worst-performing stock is at or above its Conversion Price (60% of its initial value for each name), investors receive $1,000 in cash plus the final coupon. If the worst stock finishes below its Conversion Price, investors receive the final coupon and a fixed number of shares of that stock instead of principal, likely worth less than $1,000 and possibly zero. The Notes are unsecured obligations of RBC, not listed on any exchange, and their initial estimated value of $929.40–$979.40 per $1,000 Note is below the public offering price due to fees and hedging costs.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Dual Directional Barrier Notes linked to the worst performer of APA Corporation and Schlumberger common stock. The Notes are designed for a term from a January 27, 2026 trade date to a February 1, 2029 maturity, with an auto-call on February 2, 2027 if both stocks are at or above their initial levels, paying at least $1,330 per $1,000 of principal (at least 133%).

If not called, at maturity investors get 150% of any positive return of the least performing stock, dual-direction “buffered” gains when that stock is between 0% and -40%, and full downside exposure if it falls below 60% of its initial value, which can lead to substantial or total loss of principal. The public offering price is 100% of principal, with 2.50% in underwriting discounts and 97.50% in proceeds to RBC; the initial estimated value is expected between $864.50 and $914.50 per $1,000, reflecting hedging and distribution costs. All payments depend on RBC’s credit, and the product carries complex risk and uncertain tax treatment as a prepaid financial contract.

Royal Bank of Canada is issuing five separate Auto-Callable Contingent Coupon Barrier Notes with memory coupons, each linked to a different stock: NVIDIA, Novo Nordisk ADS, Tesla, United Airlines and Vistra.

Each note pays a quarterly contingent coupon only if the related underlier stays at or above a preset coupon threshold on the observation date. Indicative contingent coupon rates range from 10.00% to 13.50% per annum, with initial estimated values per $1,000 note between $952.68 and $975.60, which are below the public offering price.

The notes are automatically called if, on a call observation date, the underlier closes at or above its initial value, in which case investors receive principal plus due and unpaid coupons and no further payments. If the notes are not called and the final underlier value is below the barrier level (50–60% of the initial value, depending on the underlier), repayment of principal is reduced one-for-one with the underlier loss, and investors can lose a substantial portion or all of their investment.

Royal Bank of Canada is issuing $7,288,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on July 20, 2028. The notes pay a contingent coupon of $6.75 per $1,000 (0.675% per month, 8.10% per year) on monthly dates only if each index is at or above 75% of its initial level on the related observation date.

The notes may be automatically called quarterly, starting about six months after issuance, if each index is at or above its initial level, in which case holders receive $1,000 per note plus the applicable coupon and no further payments. If the notes are not called and the worst-performing index finishes below 55% of its initial level, repayment of principal is reduced one-for-one with the index loss, and investors can lose most or all of their investment.

Royal Bank of Canada receives proceeds of about $7,287,700 before hedging, after underwriting discounts and commissions. The bank’s initial estimated value is $980.69 per $1,000 note, reflecting embedded costs, and the notes carry the issuer’s credit risk and complex U.S. tax treatment.