ROYAL BANK OF CANADA SEC Filings

Royal Bank of Canada is issuing auto-callable enhanced return barrier notes linked to the EURO STOXX 50® Index. Each note has a minimum denomination of $1,000, is priced at 100% of principal, with an underwriting discount of 2.85% and issuer proceeds of 97.15% of the price. The initial estimated value is expected between $913.01 and $963.01 per $1,000, which is lower than the public offering price.

The notes may be automatically called on January 27, 2027 if the index is at or above its initial level, paying $1,132 per $1,000 (a 13.20% return) and then terminating. If not called, at maturity on January 31, 2030 investors receive 150% of any index gain, full principal back if the index is down but not below a 75% barrier, or one-for-one losses if the index finishes below that barrier.

All payments depend on RBC’s credit and a secondary market may be limited, with potential significant discounts to par. Tax counsel currently views the notes as prepaid financial contracts, but this treatment is uncertain and could change, and no IRS ruling will be requested.

Royal Bank of Canada is offering Capped Return Dual Directional Barrier Notes linked to the worst performer of the Nasdaq-100 Index® and the S&P 500® Index. The Notes are priced at 100.00% of principal, with underwriting discounts and commissions of 2.25%, resulting in 97.75% of proceeds to the bank.

The Notes have a minimum investment of $1,000 and a term from January 30, 2026 to February 1, 2028. Returns depend on the “Least Performing Underlier.” If that index rises, investors receive 100% of its gain up to a Maximum Upside Return of at least 23%, so the maximum payment is at least $1,230 per $1,000. If the index falls but stays at or above a 75% barrier, investors earn the absolute value of the negative return, capped at 25%.

If the Least Performing Underlier closes below its barrier on the valuation date, investors are fully exposed to downside and can lose a substantial portion or all of principal. The initial estimated value is expected to be between $912.50 and $962.50 per $1,000, below the public offering price, reflecting funding and hedging costs. The Notes are unsecured debt subject to RBC’s credit risk and involve complex U.S. tax considerations.

Royal Bank of Canada is offering S&P 500® Index-linked senior unsecured notes maturing on May 3, 2028, with a total initial principal of $4,136,000. The notes pay no interest; instead, your payoff depends on index performance from the January 9, 2026 trade date to the May 1, 2028 determination date.

If the index is above its initial level of 6,966.28, you receive 160% of the index gain, capped at a maximum settlement of $1,265.60 per $1,000 note (126.560% of principal). If the index is down but not below 85.00% of the initial level, you receive your principal back. Below that 15% buffer, you lose about 1.1765% of principal for every 1% the index falls under the buffer, and you could lose your entire investment.

The initial estimated value is $995.84 per $1,000, less than the issue price, and the notes will not be listed or redeemable before maturity. Payments are subject to RBC's credit risk, secondary market liquidity may be limited, and U.S. tax treatment is uncertain.

Royal Bank of Canada is issuing $12,700,000 of Fixed Coupon Geared Buffer Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing on April 14, 2027. The notes pay a fixed coupon of $5.75 per $1,000 of principal each month, equal to 0.575% per month or 6.90% per year.

At maturity, investors receive $1,000 per note if the final value of the worst-performing index is at or above its 80% buffer level. If that index has fallen more than 20%, the payoff is reduced using a 1.25 downside multiplier, so losses on the note are magnified beyond the 20% decline and investors can lose most or all principal. The notes are unsecured debt of Royal Bank of Canada and all payments depend on its credit. The initial estimated value is $998.91 per $1,000, below the public offering price, reflecting dealer costs and hedging.

Royal Bank of Canada is offering market-linked notes that put your principal at risk, tied to the worst performer among Dell, Netflix and Uber shares and maturing on February 26, 2027. Each security has a $1,000 face amount and an initial estimated value between $900 and $950, which is lower than the original offering price due to funding, hedging costs and selling commissions.

If, on the calculation day, the lowest performing stock is at or above 70% of its starting value, you receive $1,000 plus a contingent fixed return of at least 36% (at least $360). If that stock finishes below its 70% threshold, you are fully exposed to its decline from the starting value, losing more than 30% and up to all of your principal. The notes pay no periodic interest, are unsecured senior debt of Royal Bank of Canada, and all payments depend on the bank’s credit. There is no exchange listing, secondary market liquidity may be limited and prices may be well below the issue price, and the U.S. tax treatment is described as uncertain prepaid derivative treatment.

Royal Bank of Canada is issuing auto-callable contingent coupon barrier notes with a memory coupon linked to the Bloomberg US Large Cap VolMax Index. The total offering size is $898,000, with a price to the public of 100.00% of principal and proceeds to the bank of 99.40% ($892,612) after underwriting discounts. The notes pay a contingent coupon of $11.50 per $1,000 (1.15% per month, 13.80% per annum) only when the index is at or above 70% of its initial value, with missed coupons potentially paid later if conditions are met. If the index closes below 60% of its initial value at maturity and the notes have not been called, repayment of principal is reduced one-for-one with the index loss, so investors can lose a substantial portion or all of their investment. The initial estimated value is $947.91 per $1,000, below the public offering price, reflecting structuring and hedging costs.

Royal Bank of Canada is offering $5,641,000 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 January 14, 2030. The notes pay a contingent coupon of $23 per $1,000 (2.30% per quarter, 9.20% per year) only if all three indices are at or above 75% of their initial levels on each quarterly observation date.

The notes can be automatically called starting in January 2027 if all indices are at or above their initial levels, in which case investors receive $1,000 plus the applicable coupon and no further payments. If held to maturity and not called, principal is fully repaid only if the worst-performing index finishes at or above 60% of its initial level; otherwise repayment is reduced in line with that index’s loss, and investors could lose most or all of their principal.

The minimum investment is $1,000. The initial estimated value is $982.31 per $1,000, below the public offering price, reflecting fees, hedging costs and Royal Bank of Canada’s funding rate. The tax discussion indicates the notes are reasonably treated as prepaid financial contracts with ordinary-income coupons, but this treatment is uncertain and future U.S. tax changes could be adverse.

Royal Bank of Canada is offering three-year Fixed Coupon Barrier Notes linked to the worst-performing of Apple, Clorox and Netflix common stock. The Notes pay a fixed coupon of $31 per $1,000 each quarter, equal to 12.40% per year, regardless of how the stocks move during the term.

At maturity in January 2029, investors receive $1,000 per Note if the least performing stock is at or above 70% of its initial level. If that stock finishes below this barrier, investors receive shares of that stock instead of cash, based on a set physical delivery amount, and may suffer substantial loss of principal.

The public offering price is 100% of principal, with underwriting discounts of 1.25% and proceeds to Royal Bank of Canada of 98.75%. The initial estimated value is expected between $925 and $975 per $1,000, reflecting hedging costs, fees and the bank’s funding rate. All payments depend on Royal Bank of Canada’s credit.

Royal Bank of Canada is issuing S&P 500®-linked Barrier Digital Notes with a $500,000 total offering. The Notes are priced at 100% of principal, with 2.50% in underwriting discounts, resulting in proceeds to the bank of $487,500. The initial estimated value is $970.62 per $1,000 Note, which is lower than the public offering price.

The Notes reference the S&P 500 Index, with an Initial Underlier Value of 6,921.46 and a Barrier Value at 85% of that level, or 5,883.24. At maturity on January 11, 2030, investors receive $1,000 plus a 33.20% Digital Return per Note if the Final Underlier Value is at or above the Barrier. If the Final Underlier Value is below the Barrier, payment is $1,000 plus the Underlier Return, so investors can lose a substantial portion or all of their principal.

The Notes are unsecured debt of Royal Bank of Canada, are not insured by any government agency, and are not bail‑inable. Liquidity may be limited and secondary market prices may be materially below the initial estimated value. For U.S. tax purposes, counsel views the Notes as prepaid financial contracts, but this treatment is uncertain, and future tax or regulatory changes could adversely affect after‑tax returns, including for Non‑U.S. Holders.