Royal Bank of Canada 424B Filings

Royal Bank of Canada offers Auto-Callable Enhanced Return Barrier Notes linked to the least performing share among Apple, Amazon and Alphabet. The Notes are sold at $1,000 per $1,000 principal amount with an initial estimated value of $965.74 per $1,000 and an underwriting discount of 2.35%. The Notes have a Trade Date of May 15, 2026, Issue Date May 20, 2026, Valuation Date May 15, 2029 and Maturity Date May 18, 2029. If on the Call Observation Date each Underlier closes at or above its Initial Underlier Value the Notes will be automatically called for $1,450 per $1,000. If not called, maturity payments depend on the Final Underlier Value of the Least Performing Underlier, a Barrier at 60% of each Initial Underlier Value and a Participation Rate of 200%. Payments at maturity may result in a full loss of principal if the Least Performing Underlier falls below its Barrier; all payments are subject to the issuer's credit risk.

Royal Bank of Canada is offering $4,680,000 of Trigger Autocallable Contingent Yield Notes linked to Thermo Fisher Scientific Inc. common stock. The Notes pay a quarterly contingent coupon at a 11.66% per annum rate if the Underlying closes at or above the Coupon Barrier on each observation date. The Notes are automatically callable on quarterly Call Observation Dates if the Underlying closes at or above the Initial Underlying Value. If not called, repayment at maturity depends on the Final Underlying Value: cash principal is repaid if it is at or above the Downside Threshold ($328.76, 75% of $438.34); otherwise investors receive the Share Delivery Amount (2.2813 shares per $1,000), which could be worth significantly less than principal. Trade Date: May 15, 2026; Settlement Date: May 20, 2026; Final Valuation Date: May 17, 2027; Maturity Date: May 20, 2027. Payments are subject to the Bank’s creditworthiness and the Notes are not listed on any exchange.

Royal Bank of Canada offers Auto-Callable Contingent Coupon Geared Buffer Notes tied to the Bloomberg US Large Cap VolMax Index. The issue is being sold at 100.00% of par, with total offering proceeds to the public of $500,000 and proceeds to the Bank of $495,000. The Notes pay a contingent monthly coupon of $15.00 per $1,000 (annualized 18.00%) when the Underlier is at or above the 70% coupon threshold on each observation date, are callable if the Underlier is at or above the Initial Underlier Value on any call observation date, and mature on May 20, 2031 with a 30% buffer and a downside multiplier of approximately 1.42857 that applies if the Final Underlier Value is below the buffer.

Investors bear the Bank's credit risk and the Underlier’s structural drags (a notional financing cost, a 6% per annum deduction factor and a transaction cost deducted daily). The pricing supplement discloses an initial estimated value of $970.44 per $1,000, which is less than the public offering price.

Royal Bank of Canada is offering four separate Auto-Callable Contingent Coupon Barrier Notes, each linked to a different equity underlier, maturing on May 31, 2029. Trade Date is May 26, 2026 and Issue Date is May 29, 2026.

Each series has a specified Contingent Coupon Rate range: QCOM 13.00%-14.00%, VLO 11.75%-12.75%, VRT 17.50%-18.50%, WFC 9.50%-10.50%. Price to public is 100.00% per $1,000 principal amount; underwriting discount is 2.50% and proceeds to Royal Bank of Canada are 97.50%. The initial estimated value ranges are stated on the cover page and will be finalized on the Trade Date. The notes pay quarterly contingent coupons subject to meeting a Coupon Threshold and can be automatically called on scheduled Call Observation Dates. All payments are subject to the issuer’s credit risk and other qualifiers "subject to determination on the Trade Date".

Royal Bank of Canada is offering $3,000,000 aggregate principal of fixed-to-floating rate callable notes due May 21, 2046 (stated amount $1,000 per note). The notes pay 9.05% per annum in the fixed period through May 21, 2027, then convert to a SOFR-linked range accrual rate equal to 9.05% × (accrual days/calendar days) where an accrual day is a day daily SOFR is between the lower barrier 0.00% and upper barrier 5.00%. Interest may be little or zero during the floating period if SOFR is outside the barrier range. The issuer may redeem the notes in whole (but not in part) on any call date beginning May 21, 2027 with 10 business days’ prior notice. The initial estimated value per note is $941.80; the public offering price is $1,000 and proceeds to the issuer total $2,985,000. All payments are subject to the credit risk of Royal Bank of Canada.

Royal Bank of Canada is offering Buffer Digital Notes linked to the least performing of the KRE Fund, the Russell 2000® Index and the XLK Fund. The public offering size shown is $5,626,000 and proceeds to the Bank are $5,606,309. The Notes pay a Digital Return of 10.80% if the Least Performing Underlier on the Valuation Date is at or above its Buffer Value (75% of the Initial Underlier Value). If the Least Performing Underlier finishes below its Buffer Value, investors receive the principal adjusted by the Underlier Return plus a 25% Buffer Percentage, which can result in partial or substantial loss of principal. Trade Date is May 15, 2026, Issue Date is May 20, 2026, Valuation Date is June 15, 2027 and Maturity Date is June 21, 2027. All payments are subject to the Bank’s credit risk and the pricing supplement and accompanying prospectus contain additional risk factors and tax considerations.

Royal Bank of Canada is offering Barrier Digital Notes totaling $10,879,000. The Notes are linked to the least performing of the Russell 2000® and S&P 500® Indices. Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date June 15, 2027 and Maturity Date June 21, 2027. The Notes pay either a fixed Digital Return of 9.25% (if the Least Performing Underlier's Final Value is at or above its Barrier of 65% of the Initial Underlier Value) or a payment linked to the Underlier Return of the Least Performing Underlier (if below the Barrier), which can result in substantial loss of principal. The initial estimated value is $997.16 per $1,000 principal amount and all payments are subject to the Bank's credit risk.

Royal Bank of Canada offers $595,000 of Auto-Callable Contingent Coupon Barrier Notes linked to Palantir Technologies Inc. Class A common stock. The Notes pay a contingent quarterly coupon of $40.25 per $1,000 principal when the Underlier is at or above a Coupon Threshold of $67.00 (50% of the Initial Underlier Value of $133.99). The Notes may be automatically called if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date; if not called, principal at maturity depends on the Final Underlier Value relative to the Barrier Value (50% of the Initial Underlier Value). The initial estimated value per $1,000 principal is $971.63, and proceeds to the Bank are $580,125 after underwriting discounts. All payments are subject to the issuer's credit risk and U.S. federal income tax treatment is uncertain.

Royal Bank of Canada offers Barrier Digital Notes linked to Intel Corporation common stock. The Notes have a Digital Return of 33%, an Initial Underlier Value of $108.77 and a Barrier Value equal to 50% of that Initial Underlier Value ($54.39). The Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date November 15, 2027 and Maturity Date November 18, 2027. At maturity investors receive $1,000 + $1,000×33% if the Final Underlier Value is at or above the Barrier; if below the Barrier, the payout equals $1,000 × (1 + Underlier Return), which can result in a substantial loss of principal. The public offering price is 100% (aggregate $2,266,000), the issuer proceeds equal 98.25% ($2,226,345), and the initial estimated value equals $962.08 per $1,000 principal amount.

Royal Bank of Canada (RY) is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Morgan Stanley (the Underlier). The notes have a public offering price of 100.00% (aggregate $1,445,000) and an initial estimated value of $976.44 per $1,000 principal. Trade Date is May 14, 2026, Issue Date May 19, 2026, Valuation Date June 14, 2027, and Maturity Date June 17, 2027.

If not automatically called, investors may receive monthly contingent coupons of $10.292 per $1,000 (annualized 12.35%) when the Underlier closes at or above the Coupon Threshold on specified observation dates. The notes are auto-callable if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date; upon call investors receive principal plus the contingent coupon then due. At maturity, if the Final Underlier Value is below the Barrier Value (76% of the Initial Underlier Value), investors receive a Physical Delivery Amount of Morgan Stanley shares per $1,000, which may be worth substantially less than principal.

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 notes have a Trade Date of May 20, 2026, an Issue Date of May 26, 2026, a Valuation Date of May 21, 2029 and a Maturity Date of May 24, 2029. The notes pay a monthly contingent coupon of $6.75 per $1,000 (0.675% per month; 8.10% per annum) if each underlier meets its coupon threshold on the relevant observation date and are callable if, on a call observation date, each underlier is at or above its initial value.

If not called, principal at maturity depends on the least performing underlier: full principal is returned if the least performing underlier is at or above its buffer (80% of initial value); if below the buffer the investor bears upside-limited downside exposure with a 20% buffer and a downside multiplier of 1.25, which can result in partial or total loss of principal. The public offering price is 100.00% with underwriting discounts of 0.85% and proceeds to RBC of 99.15%. The initial estimated value is expected to be between $931.00 and $981.00 per $1,000, which is lower than the public offering price. All payments are subject to the issuer's credit risk and the pricing supplement highlights tax, liquidity, market‑value and structural risks.

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 offering aggregates $1,585,000 at par, with an Issue Date of May 19, 2026 and a stated Maturity Date of May 19, 2031.

Per $1,000 principal: investors receive either (a) $1,000 plus participation of 300% of the Underlier Return subject to a 83.25% Maximum Return (maximum payment $1,832.50), (b) full principal if the Final Underlier Value stays at or above the Barrier Value (Barrier = 75% of the Initial Underlier Value), or (c) a loss proportional to the Underlier Return if the Final Underlier Value is below the Barrier. 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 Bloomberg US Large Cap VolMax Index. The Notes pay a contingent monthly coupon of $9.167 per $1,000 (equivalent to 11.00% per annum) when the Underlier is at or above a Coupon Threshold of 11,351.17. The Notes have an Issue Date of May 19, 2026 and a scheduled maturity on May 19, 2031. If the Notes are automatically called after a Call Observation Date where the Underlier is at or above its initial level, investors receive principal plus any due coupons; if not called, principal at maturity depends on the Final Underlier Value versus a Barrier of 9,459.31, exposing holders to potential large principal losses if the Underlier falls below that Barrier.

Royal Bank of Canada offers Capped Enhanced Return Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index. The offering sells notes in $1,000 denominations with a total public offering of $1,585,000 and proceeds to the Bank of $1,527,543.75. The notes pay at maturity based on the Underlier Return with a Participation Rate of 300% capped by a Maximum Return of 140% (maximum payment $2,400 per $1,000). The Initial Underlier Value is 66,915.10 and the Barrier Value is 50,186.33 (75% of initial). Key dates: Trade Date May 14, 2026, Issue Date May 19, 2026, Valuation Date May 14, 2031 and Maturity Date May 19, 2031. If the Final Underlier Value falls below the Barrier Value, principal is exposed to loss; all payments are subject to the Bank’s credit risk.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to Blackstone Inc. (BX). The Notes are sold at par per $1,000 principal and pay a contingent quarterly coupon of $35.25 per $1,000 (3.525% per quarter; 14.10% per annum) when the Underlier meets the Coupon Threshold. The Coupon Threshold and Barrier Value equal 50% of the Initial Underlier Value. The initial estimated value is stated as $937.50 to $987.50 per $1,000. Trade Date is May 19, 2026, Issue Date May 22, 2026, Valuation Date May 19, 2028 and Maturity Date May 24, 2028. If not called, at maturity holders receive $1,000 if the Final Underlier Value is at or above the Barrier; otherwise holders receive a number of BX shares equal to $1,000 divided by the Initial Underlier Value. The Notes are unsecured obligations of RBC and are subject to RBC credit risk. The offering materials highlight tax uncertainty, possible withholding for Non-U.S. holders and a stated initial estimated value that is lower than the public offering price.

The Royal Bank of Canada is offering Bearish Performance Leveraged Upside Principal at Risk Securities ("Bearish PLUS") linked to the inverse performance of the S&P 500® Index with a stated principal amount of $1,000 per note. The notes mature on June 11, 2027 (valuation date June 8, 2027) and provide 200% leveraged downside exposure (leverage factor 200%) subject to a maximum payment of $1,809.20 per note. If the final index value exceeds the initial index value, investors lose 1% of principal for each 1% increase in the index; the payment at maturity may be less than the stated principal and could be zero. The notes pay no interest, are senior unsecured obligations of the Bank, and are subject to the Bank’s credit risk. Initial estimated value on the pricing date was stated between $922.50 and $972.50.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Amazon.com, Inc. The Notes have a Trade Date of May 29, 2026, Issue Date June 3, 2026, Valuation Date November 29, 2027 and Maturity Date December 2, 2027.

Key economic terms: a Contingent Coupon of $8.00 per $1,000 principal (equivalent to 9.60% per annum if payable), monthly observation/payment schedule, an automatic call if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date, and a Barrier equal to 66% of the Initial Underlier Value. If not called and the Final Underlier Value is below the Barrier, investors receive a Physical Delivery Amount of Amazon shares per $1,000 principal (fractional shares paid in cash), which may be worth significantly less than principal. The initial estimated value is stated as between $919.00 and $969.00 per $1,000 and the public offering price is 100.00% ($1,000) with an underwriting discount of 1.50%. All payments are subject to Royal Bank of Canada credit risk and various tax and market risks.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500. The notes have a Trade Date of May 19, 2026, an Issue Date of May 22, 2026 and a final Valuation Date of May 19, 2031 with Maturity on May 22, 2031. Investors receive quarterly contingent coupons of $28.75 per $1,000 when each underlier meets a 70% coupon threshold; automatic calls occur quarterly if each underlier equals or exceeds its initial value. Principal repayment at maturity depends on the performance of the least performing underlier versus its 70% barrier; if below the barrier, investors suffer proportional principal loss. The public offering price is 100.00% and the initial estimated value is expected between $935.00 and $985.00 per $1,000.

Royal Bank of Canada is offering Capped Enhanced Return Geared Buffer Notes linked to the S&P 500® Futures Excess Return Index. The Notes are sold at par per $1,000 principal amount with an underwriting discount of 2.25% (proceeds to the Bank: 97.75%). Key economic terms include a Participation Rate of 120% (capped by a Maximum Return of 50%), a Buffer Percentage of 27% (Buffer Value = 73% of the Initial Underlier Value), and a Downside Multiplier of approximately 1.36986. Trade Date is May 28, 2026, Issue Date June 2, 2026, Valuation Date October 30, 2028, and Maturity Date November 2, 2028. The initial estimated value is expected to be between $918.50 and $968.50 per $1,000 principal amount and will be less than the public offering price. All payments are subject to Royal Bank of Canada credit risk; the Notes are not FDIC- or CDIC-insured.

The Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes totaling $11,123,700 linked to the least performing of the Nasdaq-100 Index and the Russell 2000 Index. Trade Date is May 13, 2026, Settlement Date May 18, 2026, and Maturity Date is May 17, 2029. Each Note has a principal amount of $10.

Notes pay a quarterly contingent coupon at a 12.00% per annum rate (equal to $0.30 per quarter) only if both underlyings are at or above their coupon barriers on the Coupon Observation Dates. The Notes are automatically callable on quarterly Call Observation Dates beginning six months after the Trade Date if both underlyings are at or above their Initial Underlying Values; a call pays $10 plus the contingent coupon for that quarter. At maturity, if the Least Performing Underlying is below its Downside Threshold (70% of its Initial Underlying Value), repayment is reduced pro rata by that Underlying Return, and holders may lose up to 100% of principal. Payments are subject to Royal Bank of Canada’s creditworthiness.

Royal Bank of Canada is offering redeemable fixed rate notes due May 18, 2033. The Notes pay 4.80% per annum semiannually, are callable by the Bank on any Call Date beginning May 18, 2028, and are subject to Canadian bail-in powers under the CDIC Act. The offering shows a public offering price of 100.00% (aggregate $1,225,000), an underwriting discount of 1.06% ($12,985) and proceeds to the Bank of 98.94% ($1,212,015). RBCCM is the underwriter and calculation agent; purchase prices may be between $988.00 and $1,000.00 per $1,000 principal amount for certain accounts.

The Notes are not deposit insured and all payments are subject to the Bank’s credit risk. By acquiring Notes, holders agree to be bound by the Canadian bail-in regime, which permits conversion or variation of Notes into common shares as described in the pricing supplement.

Royal Bank of Canada is offering fixed-to-floating, callable range accrual notes linked to daily SOFR with a $1,000 stated principal per note and a maturity date of May 21, 2046. The notes pay 9.05% per annum through May 21, 2027, then convert to a floating accrual based on the fraction of days where daily SOFR falls between 0.00% and 5.00%. Interest is payable quarterly; there may be little or no interest during the floating rate period if few days fall inside the barrier range. RBC may redeem the notes in whole on any call date beginning May 21, 2027 upon notice. The initial estimated value is stated to be between $900.00 and $957.20 per note, below the public offering price of $1,000.00. All payments are subject to the credit risk of Royal Bank of Canada.

Royal Bank of Canada is offering non‑interest bearing structured notes linked to the EURO STOXX 50® Index with a buffer feature. For each $1,000 principal, holders receive a capped threshold settlement amount if the final index level is ≥ 85.00% of the initial level; otherwise losses occur pro rata below that threshold. The threshold settlement amount is expected to be between $1,180.70 and $1,212.50. The initial estimated value at trade date is expected to be between $965.50 and $995.50 (less than the original issue price). Key timing elements (trade date, determination date, stated maturity) and final numeric terms will be set in the final pricing supplement.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes have a Trade Date of June 5, 2026, Issue Date June 10, 2026, Valuation Date June 5, 2029 and Maturity Date June 8, 2029. If not called, investors receive contingent quarterly coupons only when each Underlier is at or above a 75% Coupon Threshold; final principal depends on the Final Underlier Value of the Least Performing Underlier relative to its 75% Barrier. All payments are subject to Royal Bank of Canada credit risk and the initial estimated value is stated to be below the public offering price.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Buffer Notes tied to the Class A common stock of Meta Platforms, Inc. The Notes have a Buffer Percentage of 10%, a Participation Rate of 150% at maturity, and a potential automatic call that pays $1,185 per $1,000 principal on the Call Settlement Date if the Underlier closes at or above the Initial Underlier Value on the Call Observation Date. Key dates: Trade Date: May 13, 2026, Issue Date: May 18, 2026, Call Observation Date: May 19, 2027, Valuation Date: May 14, 2029, Maturity Date: May 17, 2029. The Initial Underlier Value is $616.63 and the Buffer Value is $554.97. The initial estimated value was $983.45 per $1,000 principal, below the public offering price. All payments are subject to Royal Bank of Canada credit risk and the Notes are unsecured debt of the Bank.

Royal Bank of Canada is offering Auto-Callable Buffer Notes linked to the lesser performing of the VanEck® Gold Miners ETF and the VanEck® Semiconductor ETF. The Notes pay a specified call return if both underliers meet observation thresholds on annual Call Observation Dates and provide a 15% buffer on losses at maturity before principal is reduced.

The Notes pay annual automatic-call amounts if both Underliers close at or above their Initial Underlier Values on a Call Observation Date, with Call Settlement Amounts increasing to $2,255 per $1,000 if called at the Valuation Date/Maturity Date. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 29, 2029. The Notes pay interest at 4.55% per annum with annual payments beginning May 29, 2027. The Notes have a minimum investment of $1,000 and will be issued on May 29, 2026. RBCCM will purchase the Notes at prices between $985.00 and $1,000.00 per $1,000 principal amount; underwriting concessions may be up to $15.00 per $1,000. The issuer may redeem the Notes in whole on Call Dates corresponding to the interest payment dates on May 29, 2027 and May 29, 2028 with at least 10 business days’ prior notice. Payments are subject to the Bank’s credit risk and the Notes are subject to Canadian bail-in powers under the CDIC Act.

Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 28, 2038. The Notes pay 5.35% per annum annually and are issued May 28, 2026 with a minimum investment of $1,000. The initial purchase price per $1,000 principal will range between $975.00 and $1,000.00, with an underwriting discount of up to $25.00 per $1,000. The issuer may redeem the Notes in whole on any Call Date beginning on the Interest Payment Date of May 28, 2029 on 10 business days' prior written notice. The Notes are "bail-inable" under the CDIC Act and may be converted into common shares upon exercise of Canadian bail-in powers; all payments remain subject to the Bank's credit risk.

Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 27, 2033 with a stated interest rate of 5.00% per annum. The notes are being issued on an Issue Date of May 27, 2026 with annual interest payments each May 27. Purchasers will pay between $982.50 and $1,000.00 per $1,000 principal amount at issuance. The issuer may redeem the notes in whole on any Call Date (each scheduled interest payment date) with at least 10 business days’ notice. The notes are described as bail-inable and include an agreement by holders to be bound by the Canadian bail-in regime; payments remain subject to the issuer’s credit risk.

Royal Bank of Canada is offering redeemable fixed rate senior notes due May 15, 2041 with an annual interest rate of 5.40%. The initial public offering aggregates $1,936,000 at an offering price between $975 and $1,000 per $1,000 principal amount, with proceeds to the Bank shown as $1,898,248. The Notes pay interest annually and are callable by the Bank on interest payment dates beginning May 15, 2029. The Notes are subject to Canadian bail-in powers under the CDIC Act and are not deposit-insured.

Royal Bank of Canada priced Trigger GEARS linked to the Swiss Market Index with a public offering of $17,798,930 in aggregate and a principal amount of $10 per Security. The securities mature on May 15, 2031 and pay at maturity: if the Underlying Return is positive, holders receive principal plus the Upside Gearing (2.585) times the Underlying Return; if the Underlying Return is zero or negative but the Final Underlying Value is at or above the Downside Threshold (7,927.78, equal to 60% of the Initial Underlying Value), holders receive principal only; if the Final Underlying Value is below the Downside Threshold, holders suffer a principal loss proportionate to the negative Underlying Return, up to 100% of principal. The Initial Underlying Value was 13,212.96 on the Trade Date (May 13, 2026), the Settlement Date was May 15, 2026, and the Final Valuation Date is May 13, 2031. The initial estimated value per Security determined by the issuer was $9.57, below the public offering price of $10.00. Payments, including repayment of principal, are subject to the Bank’s creditworthiness.

Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 15, 2029. The Notes carry a 4.35% annual coupon payable semiannually, have a minimum investment of $1,000, and were priced on May 13, 2026 with an Issue Date of May 15, 2026. The underwriting table in this pricing supplement shows a $885,000 total public offering amount, underwriting discounts of 0.55% ($4,867.50), and proceeds to the Bank of $880,132.50.

The Notes are redeemable at the Bank’s option on any Call Date (beginning with the Interest Payment Date on November 15, 2027) with at least 10 business days’ prior notice. The Notes are subject to Canadian bail-in powers; holders are deemed to consent to conversion into common shares under the CDIC Act as described in this pricing supplement. All payments are subject to the Bank’s credit risk.

Royal Bank of Canada is offering structured senior notes linked to the MSCI EAFE® Index with a trade date of May 12, 2026 and a stated maturity of August 13, 2027 (subject to adjustment). For each $1,000 principal amount, final payment is based on the underlier return from the trade date to the determination date (August 11, 2027), with an upside participation rate of 160%, a cap level of 112.50% (yielding a maximum settlement of $1,200.00 per $1,000), and a buffer of 90.00% of the initial underlier level. The initial underlier level is 3,053.92; the initial estimated value on the trade date was $994.47 per $1,000. Aggregate principal sold is $4,237,000. The notes pay no interest, are unsecured, not listed, not FDIC- or CDIC-insured, and are subject to issuer credit risk and potential illiquidity.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the VanEck® Semiconductor ETF and the EURO STOXX® Banks Index. The pricing supplement shows a public offering price of $750,000 (100.00%) and proceeds to RBC of $742,500. The Trade Date is May 12, 2026, Issue Date May 15, 2026, Valuation Date May 11, 2029, and Maturity Date May 16, 2029.

The Notes pay a contingent quarterly coupon of $46.875 per $1,000 principal (4.6875% quarterly; 18.75% per annum) when both Underliers meet their 65% Coupon Threshold on observation dates. The Notes are automatically called if, on a Call Observation Date, both Underliers equal or exceed their Initial Underlier Values; in that case investors receive $1,000 plus the contingent coupon then due. At maturity, if not called, investors receive $1,000 if the Least Performing Underlier is >= its Barrier (65% of Initial); if below the Barrier, repayment equals $1,000 multiplied by (1 + Underlier Return), which can result in substantial or total principal loss.

Royal Bank of Canada is offering senior unsecured, non‑interest bearing structured notes linked to the MSCI EAFE® Index with a stated maturity of May 12, 2028 (subject to adjustment). For each $1,000 principal amount, holders will receive a cash settlement at maturity determined by the underlier return from the trade date (May 12, 2026) to the determination date (May 10, 2028).

If the final underlier level is greater than or equal to the threshold level of 87.50% of the initial level (initial level: 3,053.92), each note pays the capped threshold settlement amount of $1,181.00 per $1,000 principal. If the final level is below that threshold, the cash payment falls pro rata and principal can be substantially or fully lost. The initial estimated value on the trade date was $990.92 per $1,000 principal; the original issue price was 100.00% of principal. The notes are not listed, not redeemable prior to maturity, and payments are subject to the issuer’s credit risk.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 and the S&P 500. The Notes issue on May 26, 2026 with a Valuation Date of May 20, 2031 and a Maturity Date of May 23, 2031. If not called, investors may receive a quarterly Contingent Coupon of $21.50 per $1,000 (2.15% per quarter; 8.60% per annum) when each Underlier is at or above a Coupon Threshold equal to 65% of its initial value. The Notes are automatically called if, on a Call Observation Date, each Underlier is at or above its Initial Underlier Value; called investors receive par plus that quarter's Contingent Coupon. At maturity, if the Least Performing Underlier is below its Barrier (60% of initial), principal is reduced proportionally to that Underlier Return. The public offering price is 100.00% with an underwriting discount of 0.55%; proceeds to RBC are 99.45%. The initial estimated value is stated as between $932.50 and $982.50 per $1,000 (less than the public offering price).

Royal Bank of Canada is offering $1,475,000 principal of Trigger Autocallable Contingent Yield Notes linked to the common stock of Boston Scientific Corporation with a term to May 14, 2027. The Notes pay a contingent quarterly coupon at an 11.00% per annum rate if the Underlying closes at or above a Coupon Barrier (the Coupon Barrier and Downside Threshold are $32.36, equal to 60% of the Initial Underlying Value). The Initial Underlying Value was set at $53.93 on the Strike Date. The Notes are automatically callable on quarterly Call Observation Dates if the Underlying closes at or above the Initial Underlying Value; if not called, repayment at maturity depends on the Final Underlying Value and can result in a loss of principal down to 0% of principal. The initial estimated value was $9.76 per Note versus the public offering price of $10.00. Settlement date is May 14, 2026.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to Palantir Technologies Inc. Class A common stock. The notes have a $1,000 principal denomination, a Contingent Coupon of $40.25 per $1,000 (4.025% per quarter; 16.10% per annum) and a Barrier Value equal to 50% of the Initial Underlier Value. Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date May 15, 2028 and Maturity Date May 18, 2028. Notes may be automatically called if the Underlier meets the Call Observation condition; if not called, final payment depends on the Final Underlier Value and could result in a substantial loss of principal.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to the Bloomberg US Large Cap VolMax Index. The Notes pay a monthly Contingent Coupon of $15.00 per $1,000 (1.50% per month, 18.00% per annum) when the Underlier is at or above the Coupon Threshold. The Notes are callable monthly beginning with the August 17, 2026 observation: if the Underlier meets or exceeds the Initial Underlier Value on a Call Observation Date, holders receive par plus any Contingent Coupon then due and the Notes terminate. If not called, at maturity on May 20, 2031 investors receive either par (if the Final Underlier Value is at or above the Buffer Value equal to 70% of the Initial Underlier Value) or a reduced principal amount calculated using a 30% buffer and a Downside Multiplier of ~1.42857, which can result in partial or complete loss of principal. All payments are subject to Royal Bank of Canada credit risk and the Notes are not FDIC- or CDIC-insured.

Royal Bank of Canada is offering Capped Return Notes linked to a three‑index basket. The Notes are issued at par per $1,000 principal amount with an underwriting discount of 3.35% (proceeds to the Bank 96.65%). Trade Date is May 26, 2026, Issue Date May 29, 2026, Valuation Date May 27, 2031 and Maturity Date May 30, 2031. Payments at maturity: if the Final Basket Value > Initial Basket Value, investors receive $1,000 plus the lesser of (Basket Return × 100% Participation Rate) and the 38% Maximum Return (maximum $1,380 per $1,000); otherwise investors receive $1,000. Initial estimated value is stated between $897.61 and $947.61 per $1,000 on the Trade Date.

Royal Bank of Canada (RY) is offering Auto-Callable Contingent Coupon Barrier Notes linked to the lesser-performing of the VanEck® Semiconductor ETF (SMH) and the EURO STOXX® Banks Index (SX7E). The Notes pay a Contingent Coupon of $46.875 per $1,000 (4.6875% quarterly; 18.75% per annum) when each Underlier meets its Coupon Threshold on observation dates and are auto-called if both Underliers close at or above their Initial Underlier Values on a Call Observation Date. The Notes mature on May 16, 2029 (Valuation Date May 11, 2029) if not called. At maturity, if the Least Performing Underlier is at or above its Barrier (65% of Initial Underlier Value), investors receive $1,000; if below the Barrier, repayment equals $1,000 × (1 + Underlier Return) and principal can be substantially reduced. The public offering price is 100% ($1,000 per $1,000) and the initial estimated value is expected between $918.16 and $968.16 per $1,000.

Royal Bank of Canada is offering Dual Directional Buffer Digital Notes linked to the S&P 500® Index. The Notes have 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 versus a Digital Barrier (92.50% of initial) and a Buffer (86% of initial). Investors may receive a capped Digital Return of 7.50% in certain outcomes, a positive absolute-return mechanic for intermediate declines up to the Buffer, or suffer principal loss if the Final Underlier Value is below the Buffer. 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 Trigger Autocallable Contingent Yield Notes linked to the common stock of Thermo Fisher Scientific Inc. The Notes are sold in minimum denominations of $1,000 and carry a quoted Contingent Coupon Rate of 11.00% to 11.60% per annum. The trade date is May 15, 2026, settlement on May 20, 2026, and maturity on or about May 20, 2027.

The Notes pay quarterly contingent coupons only if the Underlying closes at or above a Coupon Barrier (set at 75% of the Initial Underlying Value). The Notes are automatically callable on quarterly Call Observation Dates if the Underlying closes at or above the Initial Underlying Value; called Notes pay the principal plus the applicable contingent coupon. If not called, maturity payoff is cash principal plus the final contingent coupon when the Final Underlying Value is at or above the Downside Threshold (also 75%); otherwise holders receive a Share Delivery Amount equal to $1,000 divided by the Initial Underlying Value, which could be worth substantially less than principal.

All payments, including principal, are subject to RBC's creditworthiness. The initial estimated value is indicated between $952.50 and $982.50 per Note and UBS will receive a $15 commission per Note.

Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index and the Russell 2000 Index. The Notes have a $10 principal per note, trade date May 13, 2026, settlement May 18, 2026 and maturity on or about May 17, 2029. They pay a quarterly Contingent Coupon only if both indices close at or above their Coupon Barriers; the Contingent Coupon Rate will be set on the Trade Date and is indicated as 11.30% to 12.00% per annum. The Notes are automatically callable on quarterly Call Observation Dates beginning six months after the Trade Date if each underlying equals or exceeds its Initial Underlying Value; if called, holders receive principal plus the applicable Contingent Coupon. If not called, repayment at maturity depends on the Final Underlying Value of the Least Performing Underlying: if that value is below its Downside Threshold (set at 70% of Initial Underlying Value), repayment is reduced proportionately and investors may lose up to 100% of principal. Payments remain subject to RBC's creditworthiness and the Notes will not be listed on an exchange.

Royal Bank of Canada offers principal-protected-at-buffer structured notes linked to a weighted international equity basket. The notes have a $1,000 principal amount, trade date May 8, 2026, original issue date May 13, 2026 and stated maturity January 26, 2029 (subject to adjustment). The payment at maturity depends on the basket return versus an initial level of 100, a 15.00% buffer (buffer level 85.00%) and a $1,250.50 threshold settlement amount. The basket weights are: EURO STOXX 50 40.00%, TOPIX 25.00%, FTSE 100 17.00%, SMI 11.00%, S&P/ASX 200 7.00%. The initial estimated value on the trade date was $994.06 per $1,000. These notes pay no interest, are senior unsecured obligations subject to the issuer's credit risk, are not listed, and may result in a partial or total loss of principal if the final basket level is below the buffer.

Royal Bank of Canada offers Enhanced Return Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index. The Notes are sold at $1,000 per $1,000 principal amount (100.00% public offering price) with an underwriting discount of 3.625% and proceeds to the Bank of 96.375%. The Trade Date is May 22, 2026, Issue Date May 28, 2026, Valuation Date May 22, 2031 and Maturity Date May 28, 2031.

Payments at maturity depend on the Final Underlier Value versus the Initial Underlier Value: investors receive participation of 102.25% if the Underlier rises; full principal if the Final Underlier Value is between the Initial Value and the Barrier (the Barrier equals 70% of the Initial Underlier Value); and a loss proportional to the Underlier Return if the Final Underlier Value is below the Barrier. The initial estimated value is stated between $890 and $940 per $1,000 principal amount and will be less than the public offering price.

Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Boston Scientific Corporation. The notes pay a contingent quarterly coupon at an 11.00% per annum rate if the underlying closes at or above a coupon barrier. The Initial Underlying Value was set at $53.93 on the strike date. The notes are automatically callable on quarterly observation dates if the underlying closes at or above the Initial Underlying Value; called notes pay $10 principal plus the contingent coupon for that quarter. If not called, repayment at maturity depends on the Final Underlying Value versus the Downside Threshold of $32.36 (60% of the Initial Underlying Value): if the Final Underlying Value is below that threshold, principal is reduced proportionately and investors may lose up to 100% of principal. The term runs to maturity on or about May 14, 2027, and payments remain subject to RBC's creditworthiness.

Royal Bank of Canada priced structured senior notes linked to the S&P 500® Index with a $1,000 principal amount per note. The notes pay no interest and mature on August 23, 2028 (subject to adjustment). If the final index level on the determination date is ≥ 85.00% of the initial level (7,337.11 on the trade date May 7, 2026), each note will pay a capped $1,197.50 (the threshold settlement amount). If the final level is below that threshold, the cash payment will decline pro rata and could be zero; holders bear the issuer’s credit risk. Original issue price is 100.00% of principal; the initial estimated value on the trade date was $994.77 per $1,000 principal. The offering aggregates $14,882,000 of principal and the notes will not be listed, will not be redeemable prior to maturity, and may have limited secondary-market liquidity.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Broadcom Inc. (ticker AVGO). The Notes pay a monthly contingent coupon of $13.00 per $1,000 (1.30% monthly, 15.60% annual) when the Underlier is at or above a 56% Coupon Threshold on observation dates. Beginning on the sixth monthly observation (approximately November 27, 2026), the Notes may be automatically called if the closing Underlier value is greater than or equal to the Initial Underlier Value; called Notes pay principal plus any contingent coupon due. If not called, maturity payoff depends on the Final Underlier Value on June 28, 2027: full principal if Final Underlier Value is at or above the 56% Barrier; otherwise investors receive $1,000 + $1,000 × Underlier Return, which can result in a substantial loss of principal. All payments are subject to the Bank's credit risk. The initial estimated value is stated as between $932.50 and $982.50 per $1,000 and will be less than the public offering price.