Royal Bk Can SEC Filings

Royal Bank of Canada (RY) discloses required regulatory or contractual balances held with central banks, regulators and counterparties totaling $2 billion as of July 31, 2025, with the same amount reported on April 30, 2025 and in prior comparable dates back to July 31, 2024; the only earlier date shown, October 31, 2023, reported $3 billion. The filing explains its method for computing diluted earnings per share using the treasury stock method and states that for the three months ended July 31, 2025 an average of 917,151 options with an average exercise price of $177.97 were excluded from diluted EPS because their exercise price exceeded the average market price. The filing includes translation of the registrant name and partial administrative form language.

Structure and payoffs: These are senior unsecured, non-interest-paying Capped Enhanced Return Buffer Notes linked to a basket of five underliers maturing August 24, 2028. If the basket finishes above its initial value, investors receive 150% of the basket return up to a Maximum Return of 38.40%. If the basket finishes between 95% and 100% of its initial value (the Buffer Value of 95%), investors receive full principal. If the Final Basket Value is below the Buffer Value, investors lose 1% of principal for each 1% decline beyond the 5% buffer. The Notes are not listed, carry issuer credit risk, and do not pay periodic interest.

Other risks: initial estimated value is below the public offering price; U.S. tax treatment is uncertain; liquidity may be limited; Calculation Agent conflicts and fund/index, currency, emerging-market, and mid-/small-cap risks apply (MDY, RTY, EFA, EEM).

Royal Bank of Canada filed a Form 13F holdings report for the quarter ended 06-30-2025, reporting $554,862,076,000 in equity holdings across 28,572 information-table entries. The filing is marked as a 13F holdings report (indicating all holdings are reported) and lists 19 other included managers. The report is signed by Terry Fallon, MD, Head of Regulatory Services.

Royal Bank of Canada (RY) filed a Form 6-K to document the issuance of Senior Global Medium-Term Notes, Series J, under its effective shelf registration (Form F-3 No. 333-275898). The Bank priced three U.S.-dollar tranches on 6 Aug 2025, raising an aggregate $2.75 billion:

• $1.25 billion 4.498% Senior Fixed-to-Floating Notes due 6 Aug 2029
• $0.5 billion Senior Floating-Rate Notes due 6 Aug 2029
• $1.0 billion 4.696% Senior Fixed-to-Floating Notes due 6 Aug 2031

Legal opinions covering New York law, Canadian provincial law, and U.S./Canadian tax matters are filed as Exhibits 5.x and 8.x, with corresponding consents (Exhibits 23.x). The filing states that the report and exhibits are incorporated by reference into the Bank’s shelf registration statement. No earnings or guidance information is provided.

Royal Bank of Canada (RY) is marketing US$750,000 of Auto-Callable Contingent Coupon Barrier Notes due 13-Jul-2028. The securities are senior unsecured obligations issued off the bank’s Series J global MTN program and priced at 100% of principal.

Underlying exposure. Performance is linked to the least-performing of two SPDR ETFs: the S&P Regional Banking ETF (KRE) and the S&P Oil & Gas Exploration & Production ETF (XOP). Initial prices were fixed on 10-Jul-2025 at KRE $63.57 and XOP $132.29; both the coupon threshold and barrier are set at 80% of those levels.

Contingent coupon. If, on any quarterly observation date, each ETF closes at or above its 80% coupon threshold, investors receive US$45.125 per US$1,000 (18.05% p.a.). Should either ETF close below its threshold, no coupon is paid for that quarter. Coupons are not cumulative.

Automatic call. Starting 10-Oct-2025, the notes will be redeemed at par plus the current coupon if both ETFs close at or above their respective initial values on any observation date. Early redemption could occur as soon as three months after issuance, limiting total return.

Principal repayment. If the notes are not called, maturity payment depends on the least-performing ETF on 10-Jul-2028: (i) at or above the 80% barrier → return of principal plus final coupon; (ii) below the barrier → 1-for-1 downside exposure to the full decline of that ETF, resulting in loss of up to 100% of principal.

Pricing economics. Investors pay par, but the bank’s initial estimated value is US$978.37 (97.837% of par), reflecting a 1.00% underwriting discount, internal funding spread and hedging costs. Net proceeds to RBC are 99.00% of principal.

Risk highlights. Key risks disclosed include (1) potential loss of principal, (2) possibility of receiving no coupons, (3) performance driven solely by the worst-performing ETF, (4) RBC credit risk, (5) lack of secondary market and likely wide bid-ask spreads, and (6) U.S. tax uncertainty; non-U.S. holders may face 30% withholding on coupons.

Industry concentration. KRE constituents are regional banks, exposed to regulatory and credit-cycle shocks; XOP is concentrated in oil & gas E&P companies, sensitive to commodity prices and geopolitical supply factors. Lack of correlation may increase the chance that at least one ETF breaches the barrier.

Timeline. Trade Date 11-Jul-2025; Issue Date 16-Jul-2025. Quarterly observation/payment schedule runs through the Valuation Date 10-Jul-2028 and Maturity Date 13-Jul-2028.

Investor profile. The notes may appeal to income-oriented investors willing to assume equity-linked downside, early-call reinvestment risk and exposure to RBC’s credit. They are not suited for investors requiring capital preservation or daily liquidity.