Every 424B that Royal Bank of Canada (RY) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow RY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RY filings page.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 27, 2033 with a 5.00% annual fixed interest rate. The pricing date is May 22, 2026 and the issue date is May 27, 2026. The offering shows a total public price of $1,708,000 and a per‑note public offering price that may range between $985 and $1,000 per $1,000 principal amount.
The Notes pay interest annually on May 27, are callable at the Bank's option on any interest payment date with 10 business days’ prior notice, and are subject to Canadian bail‑in conversion powers under the CDIC Act. All payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of NVIDIA Corporation (NVDA). The Notes pay a contingent quarterly coupon of $32.875 per $1,000 (a 13.15% annualized rate if paid) and feature an automatic call if the Underlier closes at or above its Initial Underlier Value on a Call Observation Date. The Coupon Threshold and Barrier Value are 60% of the Initial Underlier Value. Key dates include Trade Date: June 4, 2026, Issue Date: June 9, 2026, Valuation Date: December 6, 2027 and Maturity Date: December 9, 2027. The initial estimated value is expected to be between $916.60 and $966.60 per $1,000, which is less than the public offering price of par. If not called and the Final Underlier Value is below the Barrier Value, principal is reduced pro rata by the Underlier Return; investors could lose a substantial portion or all of their principal. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index. The issue aggregates $8,555,000 at a $10 principal per Note with a 10.00% per annum contingent coupon paid quarterly only if both underlyings meet their coupon barriers. The Notes are automatically callable quarterly beginning six months after issuance and mature on May 27, 2031. If not called, repayment at maturity depends on the Final Underlying Values: full principal is repaid only if the Least Performing Underlying is at or above its Downside Threshold (50% of initial); otherwise principal is reduced proportionally to the negative return, with up to 100% loss possible. Payments are subject to the issuer's creditworthiness. The initial estimated value was $9.89 per Note.
Royal Bank of Canada is offering principal-protected-conditional structured notes linked to a weighted basket of five international equity indices. Each note has a $1,000 principal amount and does not pay interest. The notes are automatically called if the basket closing level on the call observation date is at least 100.00% of the initial basket level, producing a cash payment equal to principal plus a call premium (expected between 10.81% and 12.68%). If not called, maturity payment depends on the basket return, with an upside participation rate of 150% and a buffer level at 90.00% of the initial basket level (losses below the buffer are passed through at a factor of approximately 1.1111).
The issuer expects an original issue price of 100.00%, an underwriting discount of 2.00%, net proceeds to issuer of 98.00%, and an initial estimated value between $942.30 and $972.30 per $1,000 note. Payments depend on initial underlier levels, the call premium set on the trade date, and the calculation agent's determinations; the notes are unsecured senior debt and subject to issuer credit risk.
Royal Bank of Canada is offering redeemable Range Accrual Notes linked to the 10‑Year CMT Rate with an Issue Date of May 29, 2026 and a Maturity Date of May 29, 2029. The public offering price is 100% ($1,000 per Note) with an underwriting fee of 1.00% ($10 per $1,000) and net proceeds to the Bank of 99.00%. Interest is paid quarterly and for each Interest Period is calculated as 8.00% multiplied by the ratio of Accrual Days to calendar days, where Accrual Days are days the 10‑Year CMT Rate is between the Lower Barrier 0.00% and Upper Barrier 5.00%. The initial estimated value is stated to be between $936.00 and $986.00 per $1,000. The Notes are redeemable at RBC’s option on specified Call Dates beginning May 29, 2027, and all payments are subject to RBC credit risk.
The Royal Bank of Canada is offering Accelerated Return Notes linked to the iShares U.S. Aerospace & Defense ETF (ITA) with a $10 principal per unit and a term of approximately 14 months. The notes provide a 300% participation rate in increases of the Market Measure up to a Capped Value (determined at pricing, indicated here between $11.55 and $11.95 per unit). If the Ending Value is below the Starting Value, investors bear 1-to-1 downside exposure to losses of principal. There are no periodic interest payments; payments (including any principal repayment) are subject to RBC credit risk. The public offering price per unit is $10.00, with an underwriting discount of $0.175 and a hedging-related charge of $0.05 per unit. The initial estimated value range at pricing is stated as $9.06 to $9.56 per unit.
Royal Bank of Canada is offering Geared Buffer Digital Notes linked to the American depositary shares of Taiwan Semiconductor Manufacturing Company Limited (TSM). The Notes are sold in $1,000 principal amount increments at a public offering price of 100% per $1,000, with an underwriting fee of 1.00%.
The Terms: Trade Date May 29, 2026, Issue Date June 3, 2026, Valuation Date June 11, 2027, Maturity Date June 16, 2027. If the Final Underlier Value is at or above an 80% Buffer Value, investors receive a fixed Digital Return of 20.28% (capped). If below the Buffer Value, losses are allocated using a Downside Multiplier of 1.25, which can result in partial or total principal loss. The issuer’s initial estimated value is stated as $930 to $980 per $1,000 principal amount (less than the public offering price). All payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the lesser-performing common stock of Caterpillar Inc. and General Electric Company. The Notes have a $5,000 minimum denomination, a Contingent Coupon of $157.50 per $5,000 (a quoted 12.60% per annum), and an underwriting discount of 1.50%.
Key dates: Trade Date May 28, 2026, Issue Date June 2, 2026, Valuation Date November 29, 2027, Maturity Date December 2, 2027. If not auto-called, principal at maturity is returned in cash when the Least Performing Underlier finishes at or above its 50% Barrier; otherwise investors receive physical delivery of shares of the Least Performing Underlier, which could be worth substantially less than principal.
Royal Bank of Canada is offering Dual Directional Buffer Digital Notes linked to the S&P 500® Index. The Notes have a Digital Return of 7.50%, a Buffer Percentage of 14%, a Trade Date of May 21, 2026, Issue Date May 27, 2026, Valuation Date June 22, 2027 and Maturity Date June 25, 2027. Payments at maturity depend on the Final Underlier Value relative to a Digital Barrier Value (92.50% of the Initial Underlier Value) and a Buffer Value (86% of the Initial Underlier Value). The pricing supplement shows a total public offering price of $1,052,000 and an initial estimated value of $990.64 per $1,000 principal amount. All payments are subject to the Bank’s credit risk and investors could lose some or a substantial portion of principal at maturity.
Royal Bank of Canada is offering Fixed Coupon Geared Buffer Notes linked to the lesser-performing of the iShares MSCI EAFE ETF and the Nasdaq-100 Index. The public offering totals $10,400,000 at par, with an initial estimated value of $994.87 per $1,000 principal. The Notes pay a monthly Fixed Coupon of $6.375 per $1,000 (equivalent to 7.65% per annum). At maturity, if the Least Performing Underlier is at or above its Buffer Value (80% of Initial Underlier Value), investors receive par; if below the Buffer Value, principal is reduced according to the Underlier Return, a 20% buffer and a 1.25 downside multiplier, so losses can be up to the full principal. All payments are subject to the Bank’s credit risk and tax treatment is uncertain under U.S. federal law.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 29, 2031 issued May 29, 2026. The Notes pay interest at 5.00% per annum, semiannually on May 29 and November 29, beginning November 29, 2026.
The Notes are callable in whole by the issuer on any Call Date beginning on the Interest Payment Date scheduled for May 29, 2028 upon 10 business days' prior written notice. Purchases may occur at prices between $992.50 and $1,000.00 per $1,000 principal amount; underwriting concessions of up to $7.50 per $1,000 are disclosed. The Notes are subject to Canadian bail-in powers as described under the CDIC Act.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 and S&P 500. The pricing supplement shows a public offering price totaling $1,051,000. The notes pay a contingent coupon of $21.50 per $1,000 note (8.60% per annum) when each index is at or above a Coupon Threshold (65% of initial value) on observation dates. If not called early, maturity is May 23, 2031 with a valuation date of May 20, 2031. A Barrier Value equals 60% of each initial underlier value; if the least performing underlier finishes below its Barrier Value at maturity, investors suffer principal loss proportional to that underlier's decline. Trade Date is May 20, 2026 and Issue Date is May 26, 2026. The initial estimated value is $986.59 per $1,000, which is less than the public offering price. The notes are unsecured obligations of the Bank and subject to the Bank’s credit risk; selected risks and tax treatment, including Section 871(m) considerations, are described in the supplement.
Royal Bank of Canada is offering $2,535,000 of Contingent Coupon Barrier Notes. The Notes pay monthly contingent coupons of $7.917 per $1,000 (9.50% per annum) when each underlier meets a monthly coupon threshold and return either par at maturity or a principal amount tied to the least performing underlier versus a 70% barrier.
The Notes mature on May 23, 2029, are linked to EEM, EFA and SPY ETFs, carry issuer credit risk, and have an initial estimated value of $983.37 per $1,000, which is below the public offering price.
Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index. The notes pay a 10.00% per annum contingent coupon (quarterly) if both underlyings meet coupon barriers on observation dates. The notes are automatically callable quarterly beginning six months after the Trade Date; if called you receive $10 plus the contingent coupon for that quarter. If not called, principal repayment at maturity depends on the Least Performing Underlying relative to a 50% Downside Threshold and a 70% Coupon Barrier: a final shortfall below the Downside Threshold results in a reduced principal payment proportional to the negative return, risking up to 100% loss. Key dates: Strike Date May 21, 2026, Trade Date May 22, 2026, Settlement Date May 27, 2026, Final Valuation Date May 22, 2031, Maturity Date May 27, 2031.
Important considerations: minimum denomination $10 (minimum investment $1,000), initial estimated value expected between $9.32 and $9.82 per note, secondary market value may differ, and all payments are subject to RBC's creditworthiness. The offering is not exchange listed and sales are to fee-based advisory accounts through UBS as placement agent.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index. The offering shows a $1,045,000 total price to public and an initial estimated value of $987.37 per $1,000 principal amount. The Notes pay a monthly contingent coupon of $6.75 per $1,000 (an annualized 8.10%) when each index is at or above a 60% Coupon Threshold on the preceding observation date. The Notes are callable monthly beginning on the sixth coupon observation date; if called, holders receive principal plus the contingent coupon then due.
At maturity (if not called) payment depends on the Final Value of the Least Performing Underlier versus an 80% Buffer Value. A Buffer Percentage of 20% and a Downside Multiplier of 1.25 apply; if the Least Performing Underlier finishes below the Buffer Value, investors can lose some or all principal. Key dates: Trade Date May 20, 2026, Issue Date May 26, 2026, Valuation Date May 21, 2029, Maturity Date May 24, 2029. All payments are subject to the Bank's credit risk and the pricing supplement highlights risks, tax uncertainty (including Section 871(m)) and distribution conflicts.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the lesser-performing common stock of Amazon.com, Inc. and Caterpillar Inc. The Notes are sold in minimum $5,000 denominations and pay a contingent quarterly coupon of $183.875 per $5,000 (3.6775% per quarter, 14.71% per annum) when each Underlier meets its coupon threshold. The Notes may be automatically called if, on any Call Observation Date, each Underlier’s closing value is greater than or equal to its Initial Underlier Value; if not called, at maturity investors receive principal or, if the Least Performing Underlier closes below its Barrier (57% of initial), a physical delivery of that Underlier equal to the Physical Delivery Amount. All payments are subject to Royal Bank of Canada credit risk. The initial estimated value is stated as between $4,595.00 and $4,845.00 per $5,000 principal amount and is less than the public offering price.
Royal Bank of Canada is offering Barrier Digital Notes linked to the least performing share of Capital One, Dollar General and Oracle. The Notes have a Trade Date of June 12, 2026, an Issue Date of June 17, 2026, a Valuation Date of June 12, 2029 and mature on June 15, 2029. Payments at maturity per $1,000 depend on the Final Underlier Value of the Least Performing Underlier versus a Barrier Value equal to 55% of its Initial Underlier Value. If the Least Performing Underlier’s Final Underlier Value is at or above the Barrier, investors receive $1,000 plus a Digital Return of 97% (i.e., $1,970 per $1,000). If it is below the Barrier, payment equals $1,000 plus the Underlier Return of the Least Performing Underlier, which can result in substantial loss of principal. The public offering price is 100% with underwriting discounts of 1.25%. The initial estimated value is stated as between $910.00 and $960.00 per $1,000 and will be less than the public offering price. All payments are subject to RBC’s credit risk.
Royal Bank of Canada is offering Auto-Callable Geared Buffer Notes linked to the least performing of the iShares MSCI EAFE ETF and the S&P 500 Index. The Notes have a $1,000 minimum principal amount, Issue Date May 28, 2026 and Maturity Date November 26, 2027. They are auto-callable on semiannual observation dates with a stated call return rate of 11.65% per annum and specified Call Settlement Amounts of $1,058.25, $1,116.50 and $1,174.75 on the scheduled call dates.
If not called, the Notes protect the first 20% decline (the Buffer Value = 80% of the Initial Underlier Value) and apply a Downside Multiplier of 1.25 to losses below that buffer, so investors can lose some or all principal at maturity depending on the Least Performing Underlier. The public offering price is listed at 100.00% with underwriting discounts of 0.15% and proceeds to the issuer of 99.85%. The initial estimated value is expected between $939.00 and $989.00 per $1,000 principal amount.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes due December 6, 2028. The Notes reference the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices and pay a monthly contingent coupon of $8.00 per $1,000 (annualized 9.60%) when each underlier is at or above a 75% coupon threshold on observation dates. The Notes are auto-callable monthly beginning on the sixth observation if all underliers are at or above their initial values; if not called, repayment at maturity depends on the least performing underlier relative to a 55% barrier, with potential loss of principal if the least performing underlier finishes below that barrier.
Royal Bank of Canada (RBC) is offering market-linked, auto-callable senior notes with contingent quarterly coupons and principal at risk, linked to the lowest performing of Abbott Laboratories common stock and The Home Depot common stock. The securities have a face amount of $1,000 per security, a pricing date of May 29, 2026, an issue date of June 3, 2026, and a stated maturity date of June 2, 2028. The contingent coupon rate will be determined on the pricing date and will be at least 11.75% per annum. If the notes are not auto-called, maturity payment depends on the ending value of the lowest performing underlying relative to a downside threshold equal to 60% of its starting value; a decline below that threshold exposes holders to full downside on that lowest performing stock. The pricing supplement discloses an original offering price of $1,000.00 per security, an agent discount of $23.25 and proceeds to RBC of $976.75 per security.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing common stock of Dollar General, Oracle and S&P Global. The Notes have a Trade Date of June 12, 2026, an Issue Date of June 17, 2026, and a Maturity/Valuation window in June 2029. Investors may receive monthly contingent coupons of $25 per $1,000 (2.50% monthly, 30.00% annual) only if each underlier on the relevant observation date meets or exceeds its 60% Coupon Threshold. The Notes are auto-callable beginning on the Call Observation Date of December 14, 2026, and principal repayment at maturity depends on the Final Underlier Value of the Least Performing Underlier relative to a 55% Barrier. The initial estimated value is stated to be between $923.50 and $973.50 per $1,000, while the public offering price is $1,000 per $1,000 (underwriting discount 1.25%). All payments are subject to Royal Bank of Canada credit risk and to the detailed risk disclosures in the pricing supplement and referenced prospectuses.
Royal Bank of Canada is offering Fixed Coupon Geared Buffer Notes linked to the least performing of the iShares MSCI EAFE ETF and the Nasdaq-100 Index. The Notes pay a monthly Fixed Coupon of $6.375 per $1,000 (annualized 7.65%) and mature on September 27, 2027. The Notes return full principal at maturity if the Final Underlier Value of the Least Performing Underlier is at or above an 80% Buffer Value; otherwise principal is reduced according to the Underlier Return, a 20% Buffer Percentage and a Downside Multiplier of 125% (1.25). Trade Date is May 21, 2026, Issue Date is May 27, 2026, and Valuation Date is September 22, 2027. All payments are subject to Royal Bank of Canada credit risk and the pricing supplement discloses an initial estimated value per $1,000 principal between $942.00 and $992.00.
Royal Bank of Canada is offering structured, principal‑at‑risk notes linked to the EURO STOXX 50® Index. Each note has a $1,000 principal amount and the initial aggregate issuance is $420,000. The trade date is May 19, 2026, the determination date is July 19, 2028, and the stated maturity is July 21, 2028.
The notes pay no interest. If the final index level is ≥ 85.00% of the initial index level (initial level 5,851.16), holders receive a capped threshold settlement amount of $1,214.00 per $1,000 note. If the final index level is below that threshold, holders suffer losses that can be substantial up to the full principal. The issuer’s initial estimated value on the trade date was $995.95 per $1,000 note.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the EURO STOXX Banks Index and the State Street Technology Select Sector SPDR ETF. The offering price is 100.00% (total $750,000) and proceeds to the Bank are 99.00% ($742,500). The Notes pay a Contingent Coupon of $40.00 per $1,000 principal ($1,000 = par) on each quarterly Coupon Payment Date if each Underlier closes at or above its 70% Coupon Threshold on the preceding observation date. The Notes are auto-callable quarterly if both Underliers close at or above their Initial Underlier Values on a Call Observation Date, in which case holders receive par plus the Contingent Coupon otherwise due. At maturity, if not called, repayment depends on the Final Underlier Value of the least performing Underlier versus its 70% Barrier: full principal if at or above the Barrier; otherwise a proportional principal loss based on the Underlier Return. All payments are subject to Royal Bank of Canada credit risk. The initial estimated value on the Trade Date was $966.01 per $1,000, below the public offering price.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100® Technology Sector, the S&P 500® Index and the EURO STOXX® Banks Index. The Trade Date is May 22, 2026, Issue Date May 28, 2026, Valuation Date November 22, 2027 and Maturity Date November 26, 2027. The Notes pay a Contingent Coupon of $9.167 per $1,000 (11.00% per annum) when each Underlier is at or above its Coupon Threshold (70% of initial value) on the prior observation date. The Notes are automatically called if, on a Call Observation Date, each Underlier closes at or above its Initial Underlier Value; called holders receive principal plus the Contingent Coupon otherwise due. At maturity, if the Final Underlier Value of the least performing Underlier is below its Barrier Value (60% of initial), principal is reduced pro rata by the Underlier Return of that least performing Underlier. The initial estimated value is expected between $911.60 and $961.60 per $1,000, the public offering price is 100.00%, and the underwriting discount is 1.875% (proceeds to RBC: 98.125%). Investors bear RBC credit risk and may lose a substantial portion or all principal.
Royal Bank of Canada is offering $3,000,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, due May 22, 2031. The notes pay a contingent quarterly coupon of $28.75 per $1,000 (annualized 11.50%) when each underlier meets its coupon threshold, are callable on specified quarterly observation dates and return principal at maturity only if the least performing underlier is at or above its 70% barrier; otherwise principal is reduced pro rata by that underlier’s negative return. Payments are subject to the Bank’s creditworthiness and U.S. federal tax treatment contains uncertainty for U.S. and non-U.S. holders.
Royal Bank of Canada (RBC) is offering Auto-Callable Contingent Coupon Barrier Notes linked to Blackstone Inc. (BX). The pricing supplement shows a total public offering of $3,185,000 at par with an initial estimated value of $993.88 per $1,000 principal amount. The Notes pay a quarterly Contingent Coupon of $35.25 per $1,000 (3.525% per quarter; 14.10% per annum) when the Underlier meets the Coupon Threshold. The Notes are auto-callable on quarterly observation dates if the Underlier is at or above its Initial Underlier Value and, if not called, repay principal at maturity only if the Final Underlier Value is at or above the Barrier (50% of initial). If below the Barrier at maturity, investors receive the Physical Delivery Amount of BX shares (8.7520 shares per $1,000) which may be worth significantly less than principal. All payments are subject to RBC credit risk and U.S. federal tax treatment is uncertain.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes carrying a 6.00% annual coupon, priced between $960 and $1,000 per $1,000 principal. The Notes have an Issue Date of June 2, 2026 and a scheduled maturity on June 2, 2051.
The Notes pay interest annually on each June 2 beginning June 2, 2027, are callable by the issuer on any Call Date (first call on June 2, 2030) with 10 business days’ prior notice, and are subject to Canadian bail-in powers under the CDIC Act.
Royal Bank of Canada (RBC) is issuing Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100® Technology Sector, Russell 2000® and S&P 500® indices. The Notes pay a monthly Contingent Coupon of $7.917 per $1,000 (9.50% per annum) if each Underlier meets its Coupon Threshold on the prior observation date. The Notes are automatically called if, on a Call Observation Date beginning November 23, 2026, each Underlier closes at or above its Initial Underlier Value; called notes pay principal plus the Contingent Coupon then due. At maturity (May 25, 2029) an investor receives principal if the Least Performing Underlier is at or above its Barrier (60% of Initial Underlier Value); otherwise the investor receives $1,000 × (1 + Underlier Return) of the Least Performing Underlier, which can result in substantial loss of principal. All payments are subject to RBC’s credit risk. The initial estimated value is expected to be between $920.90 and $970.90 per $1,000, below the public offering price.
The Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Apple Inc.. The Notes pay a contingent monthly coupon of $7.50 per $1,000 (0.75% monthly, 9.00% per annum) when the Underlier is at or above a 78% threshold, are callable monthly beginning on the sixth observation, and mature on June 24, 2027. If not called and the Final Underlier Value is below the barrier, investors receive a physical share delivery equal to 3.3575 shares per $1,000 principal (rounded) or cash for fractional shares. The public offering price is 100.00% (aggregate $2,025,000) and proceeds to the Bank are $1,994,625. The initial estimated value was $978.04 per $1,000 principal amount, less than the offering price. Payments are subject to the Bank’s credit risk and various tax and market risks described in the supplement.
Royal Bank of Canada is offering Senior Global Medium-Term Notes, Series J: market-linked, auto-callable securities linked to the common stock of NVIDIA Corporation with a stated maturity of May 21, 2027. Each security has a face amount of $1,000, an initial estimated value of $971.09, and a contingent coupon rate of 16.00% per annum. Monthly calculation days begin June 2026; automatic call may occur on monthly calculation days from November 2026 to April 2027 if the underlying closes at or above the starting value. If not called, maturity payment depends on the ending value relative to a downside threshold set at 70% of the starting value; holders may lose more than 30% of principal if the ending value is below that threshold. Payments are unsecured obligations of the Bank and are subject to the Bank's credit risk.
Royal Bank of Canada priced a market-linked note offering of $1,320,000 in aggregate face amount, comprised of securities with a $1,000 face amount per security. The securities pay a contingent fixed return of 24.50% (i.e., $245.00 per security) at maturity only if the lowest performing underlying stock (AMD or NVIDIA) finishes at or above its threshold (60% of its starting value). If the lowest performing underlying finishes below its threshold, holders receive $1,000 + ($1,000 × stock return) of that lowest performing stock and therefore bear full downside exposure (losses greater than 40%, up to 100%). The initial estimated value at pricing was $939.95 per security and proceeds to the Bank were $976.75 per security.
Royal Bank of Canada offers $1,546,000 of market-linked notes tied to NVIDIA Corporation (NVDA). Each security has a $1,000 face amount, an initial estimated value of $965.59 and an original offering price of $1,000. The notes issue on May 21, 2026 and mature on July 22, 2027 (calculation day July 19, 2027).
Payoff at maturity depends on NVIDIA's ending value versus the starting value ($222.32). Investors participate at 150% upside up to a 31% maximum return ($310), receive full principal if the ending value stays at or above 85% of starting value (the threshold), and absorb 1:1 downside beyond a 15% buffer, losing up to 85% of face amount.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to Amazon.com, Inc. common stock. The offering price is 100.00% with total proceeds to the public of $7,246,000 and net proceeds to the Bank of $7,137,310. The Notes pay a monthly contingent coupon of $9.167 per $1,000 (11.00% per annum) when the Underlier meets the monthly Coupon Threshold. The Notes are auto-callable if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date, and at maturity unpaid Notes either return principal or deliver a Physical Delivery Amount of Amazon shares if the Final Underlier Value is below the Barrier (71% of initial). All payments are subject to the Bank's credit risk and the Notes are not FDIC- or CDIC-insured.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to the least performing common stock of Apple, Amazon and Alphabet. The Notes have a Trade Date of June 1, 2026, an Issue Date of June 4, 2026, a Valuation Date of June 1, 2029 and a Maturity Date of June 6, 2029.
The Notes pay $1,450 per $1,000 if automatically called on the Call Observation Date; otherwise the payment at maturity depends on the Final Underlier Value of the Least Performing Underlier relative to its Initial Underlier Value and a Barrier Value equal to 60% of the Initial Underlier Value. The Participation Rate at maturity is 200%. The initial estimated value is stated as between $881.37 and $937.37 per $1,000 and the public offering price is par.
Investors bear issuer credit risk, potential loss of principal if the Least Performing Underlier declines below the Barrier Value, limited liquidity, and tax and conflict-of-interest considerations described in the supplement.
Royal Bank of Canada is offering Capped Enhanced Return Barrier Notes linked to the Solactive Equal Weight U.S. Autonomous Economy AI Select AR Index. The Notes have a Trade Date of May 29, 2026, Issue Date June 3, 2026 and a Maturity Date June 3, 2031. The structure pays 300% Participation in positive Underlier performance subject to a Maximum Return of 83.25% (maximum payout $1,832.50 per $1,000 principal). A Barrier set at 75% of the Initial Underlier Value protects principal only if the Final Underlier Value is at or above that Barrier; if the Final Underlier Value is below the Barrier, investors suffer losses of principal proportional to the Underlier Return. The public offering price is par ($1,000 per note) with an underwriting discount of 3.625%; the initial estimated value is stated as $870.00–$920.00 per $1,000, which is less than the offering price. All payments are subject to Royal Bank of Canada credit risk and the pricing supplement highlights significant risks, tax uncertainties, and potential secondary-market discounts.
Royal Bank of Canada offers Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the Bloomberg US Large Cap VolMax Index. The Notes have a Trade Date of June 3, 2026, an Issue Date of June 8, 2026 and a Maturity Date of June 6, 2031 with the Valuation Date on June 3, 2031.
The Notes pay a Contingent Coupon of $10.00 per $1,000 (1.00% per month, 12.00% per annum) when the Underlier is at or above a Coupon Threshold equal to 60% of the Initial Underlier Value. The Notes are callable monthly beginning on the twelfth Coupon Observation Date; an automatic call returns $1,000 plus any Contingent Coupon and unpaid Contingent Coupons. At maturity, if not called, full principal is returned only if the Final Underlier Value is greater than or equal to the Barrier Value (50% of Initial Underlier Value); otherwise investors suffer a loss equal to the Underlier Return applied to $1,000.
The public offering price is 100.00% of principal, underwriting discount is 1.00%, and proceeds to the Bank are 99.00%. The initial estimated value is expected to be between $900.00 and $950.00 per $1,000, which is less than the public offering price.
Royal Bank of Canada is offering Capped Enhanced Return Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index with a Participation Rate of 300% and a Maximum Return of 146%. The notes mature on June 3, 2031 with a Barrier set at 70% of the Initial Underlier Value. At maturity investors receive: enhanced upside (capped at 146%), full principal if final index value stays at or above the Barrier, or a loss proportional to the Underlier decline if the final value is below the Barrier. The notes are unsecured obligations of the issuer and subject to the Bank’s credit risk, limited secondary-market liquidity, and complex tax and withholding considerations described in the supplement.
Royal Bank of Canada is offering redeemable fixed rate notes due May 20, 2031 with an interest rate of 4.70% per annum. The notes pay interest annually on May 20 beginning May 20, 2027, are redeemable at the issuer's option on any scheduled interest payment date and are subject to Canadian bail-in powers.
The pricing table shows a public offering price equal to 100.00% (totaling $1,184,000), underwriting discounts of 0.64% ($7,577.60) and net proceeds to the Bank of 99.36% ($1,176,422.40). Payments on the Notes are subject to the Bank's credit risk and holders are deemed to consent to conversion mechanics under the CDIC Act.
Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index. The notes pay at maturity either $1,000 + $1,000 × Underlier Return × 300% if the Final Underlier Value is at/above the Initial Underlier Value, or $1,000 + $1,000 × Underlier Return if below. The notes mature in June 2031 and expose investors to index deductions (including a 0.5% annual decrement fee), funding and transaction costs and the issuer’s credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes with total public offering proceeds of $1,211,000. The notes reference the Solactive Equal Weight U.S. Semi Conductor Select AR Index, pay a contingent monthly coupon of $12.708 per $1,000 (15.25% per annum if paid), and can be automatically called if the Underlier closes at or above its initial value on a Call Observation Date. At maturity investors receive principal if the Final Underlier Value is at or above the Barrier (70% of the initial value); if below the Barrier repayment is reduced pro rata by the Underlier Return. Payments are subject to RBC credit risk, and the initial estimated value ($945.30 per $1,000) is below the public offering price.
Royal Bank of Canada is selling Fixed Coupon Barrier Notes linked to Advanced Micro Devices, Inc. common stock. The Notes pay a monthly Fixed Coupon equal to $11.875–$12.708 per $1,000 (14.25%–15.25% per annum) to be set on the Trade Date. If the Final Underlier Value is at or above the Barrier (50% of the Initial Underlier Value) at maturity, investors receive $1,000 plus coupons; if below the Barrier, repayment equals $1,000 × (1 + Underlier Return), which can result in a substantial loss of principal. Trade Date is May 26, 2026, Issue Date May 29, 2026, Valuation Date May 26, 2027, and Maturity Date June 1, 2027. All payments are subject to the Bank’s credit risk and U.S. federal tax treatment of the Notes is uncertain.
Royal Bank of Canada is offering Barrier Digital Notes linked to Cloudflare, Inc. Class A common stock. The Notes have a Trade Date of May 26, 2026, Issue Date of May 29, 2026, a Valuation Date of November 26, 2027 and a Maturity Date of December 1, 2027. The Notes pay either a Digital Return (at least 29%) if the Final Underlier Value is at or above a Barrier Value equal to 50% of the Initial Underlier Value, or a payment linked to the Underlier Return if the Final Underlier Value is below the Barrier. The public offering price is 100% of principal ($1,000 per $1,000 note); initial estimated value is expected between $910.00 and $960.00 per $1,000. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the lesser-performing of the EURO STOXX® Banks Index and the State Street® Technology Select Sector SPDR® ETF. The notes have a Contingent Coupon of $40.00 per $1,000 (4.00% per quarter, 16.00% per annum), quarterly observation dates and an expected Maturity Date of May 23, 2029 with a Valuation Date of May 18, 2029. The notes may be automatically called on quarterly Call Observation Dates if both underliers close at or above their Initial Underlier Values; if not called, principal repayment at maturity depends on the Final Underlier Value of the least performing underlier relative to a Barrier Value equal to 70% of its Initial Underlier Value. The pricing supplement discloses an underwriting discount of 1.00%, and an initial estimated value range of $919.88 to $969.88 per $1,000 (expected to be less than the public offering price). All payments are subject to Royal Bank of Canada’s credit risk and the notes are not deposit-insured.
Royal Bank of Canada is offering four separate Auto-Callable Contingent Coupon Barrier Notes with a memory coupon feature, each linked to a single equity underlier (Harley‑Davidson, KKR, Target, Tesla). The offerings price at par per $1,000 principal with differing contingent coupon rates (10.25%–12.50%) and initial estimated values below the public offering price. Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date May 15, 2029 and Maturity Date May 18, 2029. Payments depend on quarterly observation dates, automatic call provisions and a Barrier Value (50%–65% of initial underlier value). All payments are subject to the issuer’s credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Russell 2000, S&P 500 and EURO STOXX 50. The Notes are offered at $1,000 per $1,000 principal amount (100.00% public offering price) with an underwriting discount of 2.50% and net proceeds to the Bank of 97.50%. The Trade Date is May 26, 2026, Issue Date May 29, 2026, Valuation Date May 28, 2030 and Maturity Date May 31, 2030.
The Notes pay a contingent quarterly coupon if each Underlier meets its coupon threshold on the observation date; the contingent coupon, if payable, is at least $22.50 per $1,000 (at least 2.25% per quarter / 9.00% per annum). The Notes are auto-callable if on a Call Observation Date every Underlier is at or above its Initial Underlier Value; at maturity investors receive principal protection only if the Least Performing Underlier is at or above its Barrier Value (70% of Initial Underlier Value). All payments are subject to the Bank's credit risk.
Royal Bank of Canada is offering four separate Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon, each linked to a single-equity underlier: Alcoa (AA), AMD, Delta Air Lines (DAL) and Halliburton (HAL). The Notes trade with a Trade Date of May 15, 2026, Issue Date of May 20, 2026, a Valuation Date of May 15, 2029 and a Maturity Date of May 18, 2029. Each offering carries a stated Contingent Coupon Rate per annum (14.50% for AA, 15.00% for AMD, 11.50% for DAL, 10.50% for HAL) and quarterly observation/payment mechanics with an auto-call if the underlier closes at or above its Initial Underlier Value on a Call Observation Date. If not called, principal at maturity is either full par (if Final Underlier Value is at or above the Barrier Value) or reduced pro rata by the Underlier Return. Payments are unsecured obligations of the Bank and subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index with a public offering of $3,375,000. The Notes issue on May 20, 2026 and mature on May 20, 2031.
The Notes pay a contingent quarterly coupon of $31.25 per $1,000 (3.125% per quarter, 12.50% per annum) if the Underlier is at or above a Coupon Threshold (60% of the Initial Underlier Value) on the relevant observation date. The Notes feature an automatic call if the Underlier is at or above the Initial Underlier Value on a Call Observation Date; if not called, principal repayment at maturity depends on the Final Underlier Value relative to an 80% Buffer Value and includes a 20% buffer on losses. Payments are subject to Royal Bank of Canada credit risk and various daily deduction factors applied to the Underlier (notional financing cost, 6% p.a. deduction factor, 0.01% transaction cost).
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50® indices. The public offering totals $1,576,000 at $1,000 per note. Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date May 15, 2030 and Maturity Date May 20, 2030. If payable, the Contingent Coupon is $22.50 per $1,000 (a 2.25% quarterly rate, 9.00% per annum). Notes are auto-callable on quarterly Call Observation Dates if each underlier is at or above its Initial Underlier Value; automatic call pays principal plus the then-due Contingent Coupon. At maturity, if not called, payment depends on the performance of the Least Performing Underlier relative to its Barrier Value (set at 70% of the Initial Underlier Value); investors may lose a substantial portion or all principal if that Underlier finishes below the Barrier. All payments are subject to the issuer's credit risk and the pricing supplement’s disclosed risks.
Royal Bank of Canada is offering two separate fixed coupon barrier notes linked to shares of Micron Technology, Inc. and Vertiv Holdings Co. Each note pays a monthly fixed coupon and returns principal at maturity only if the Final Underlier Value is at or above a 50% Barrier Value; otherwise principal is reduced pro rata by the Underlier Return. The offerings show public offering sizes of $3,934,000 (MU-linked notes) and $2,001,000, an initial estimated value per $1,000 of $955.54 (MU) and $967.67 (VRT). Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date May 17, 2027, and Maturity Date May 20, 2027.