Royal Bank of Canada 424B Filings

Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 20, 2031. The Notes pay 4.70% per annum with annual interest payments on May 20 beginning May 20, 2027. Issue Date is May 20, 2026 and minimum investment is $1,000 in $1,000 denominations. RBC Capital Markets will purchase the Notes at prices between $985.00 and $1,000.00 per $1,000 principal, with underwriting concessions up to $15.00 per $1,000. The issuer may redeem the Notes in whole (not in part) on any Call Date (each Interest Payment Date starting May 20, 2027) after 10 business days’ notice. The Notes are bail-inable under Canadian law and subject to Royal Bank of Canada credit risk; holders consent to the CDIC Act conversion mechanics by acquiring the Notes.

Royal Bank of Canada (RY) is offering 8,484 Senior Global Medium‑Term Notes (Market Linked Securities) linked to the lowest performing of the Nasdaq‑100, Russell 2000 and S&P 500, with a face amount of $1,000 per security and an original offering price of $1,000 each. Pricing date is April 30, 2026, issue date May 5, 2026, and stated maturity date May 3, 2029.

The securities pay a contingent quarterly coupon at a 10.90% per annum rate when the lowest performing Index on a calculation day is at or above its coupon threshold (75% of starting value). They are auto‑callable on quarterly observation dates if the lowest performing Index is at or above its starting value; if not called, principal at maturity equals $1,000 or is reduced pro rata by the performance factor of the lowest performing Index (full downside exposure if below 75%); initial estimated value was $975.48 per security.

Royal Bank of Canada is offering Dual Directional Barrier Digital Notes linked to the lesser‑performing of the MSCI Emerging Markets Index and the EURO STOXX 50® Index. Notes are sold at $1,000 per $1,000 principal amount with an underwriting discount of 3.50% and proceeds to the Bank of 96.50%. 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 depend on the Final Underlier Value of the Least Performing Underlier versus its Initial and Barrier Values (Barrier = 70% of Initial). The Notes feature a guaranteed minimum Digital Return of at least 57% (to be set on the Trade Date). All payments are subject to Royal Bank of Canada credit risk; investors could lose a substantial portion or all principal.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to the Russell 2000 Index. The Notes have a 150% Participation Rate at maturity and a Barrier Value equal to 70% of the Initial Underlier Value. If the Underlier on the Call Observation Date is at or above the Initial Underlier Value, the Notes will be automatically called for at least $1,100 per $1,000 principal amount. If not called, maturity payments vary: investors receive upside of 150% of positive Underlier returns, full principal if the Final Underlier Value is at or above the Barrier, and suffer pro rata losses if the Final Underlier Value is below the Barrier. The initial estimated value is expected between $918.00 and $968.00 per $1,000 and the public offering price is par. All payments are subject to the issuer's credit risk.

Royal Bank of Canada is offering Capped Enhanced Return Barrier Notes linked to the Russell 2000Index. The notes pay up to a Maximum Return of 17.35% (maximum maturity payment of $1,173.50 per $1,000) and feature a Participation Rate of 200% subject to that cap. The notes protect principal only if the Final Underlier Value remains at or above the Barrier Value (85% of the Initial Underlier Value); if the Final Underlier Value is below the Barrier, holders incur losses proportional to the Underlier Return. Trade Date is April 30, 2026, Issue Date May 5, 2026, Valuation Date June 10, 2027, and Maturity Date June 15, 2027. Payments are subject to Royal Bank of Canada credit risk and U.S. federal tax and withholding provisions described herein.

Royal Bank of Canada is offering two separate Capped Enhanced Return Buffer Notes linked to the VanEck® Gold Miners ETF (GDX) and the iShares® Semiconductor ETF (SOXX). Each offering is sold at par per $1,000 principal amount with an initial estimated value below the public offering price. Key economics: a 200% Participation Rate (subject to a stated Maximum Return), a 15% Buffer Percentage, Trade Date May 26, 2026, Issue Date May 28, 2026, Valuation Date November 26, 2027 and Maturity Date November 30, 2027. Payments at maturity depend on the Final Underlier Value versus the Initial Underlier Value: investors can receive leveraged upside up to the Maximum Return or protection for losses only within the 15% buffer; losses below the buffer reduce principal. All payments are subject to Royal Bank of Canada’s credit risk.

Royal Bank of Canada is offering Enhanced Return Notes totaling $272,000 linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index (Bloomberg: SPMKTD; CUSIP 78017URY8). The notes have an initial estimated value of $954.57 per $1,000 and are sold at par. Trade Date is April 30, 2026, Issue Date May 5, 2026, Valuation Date April 30, 2029 and Maturity Date May 3, 2029. At maturity investors receive 100% principal if the Final Underlier Value is less than or equal to the Initial Underlier Value; if higher, they receive principal plus 105% participation in the Underlier Return. All payments are subject to Royal Bank of Canada credit risk and the Underlier is subject to deductions (0.5% decrement plus funding and transaction costs) that will reduce performance.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The notes have a Participation Rate of 300%, a Buffer Percentage of 15% and a Maximum Return to be set on the Trade Date at 21%–23%. Trade Date is May 29, 2026, Issue Date June 3, 2026, Valuation Date May 30, 2028 and Maturity Date June 2, 2028. Investors receive enhanced upside subject to the Maximum Return; if the Final Underlier Value falls below 85% of the Initial Underlier Value, losses apply reduced by the 15% buffer. All payments are subject to Royal Bank of Canada credit risk and the notes are not FDIC/CDIC insured.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The Notes pay at maturity either (a) principal plus a capped upside (Participation Rate 300% subject to a 21% Maximum Return), (b) full principal if the Index finish is at or above the Buffer Value (85% of the Initial Underlier Value), or (c) a reduced principal when the Final Underlier Value is below the Buffer Value (losses begin after a 15% buffer). The Issue Date is May 5, 2026 and Maturity Date is May 3, 2028. All payments are subject to the Bank’s creditworthiness. The initial estimated value was $967.57 per $1,000 principal amount and the public offering price equals par.

Royal Bank of Canada is offering Daily Auto-Callable Absolute Return Digital Notes linked to the S&P 500® Index. The offering price is $1,000 per note and the pricing supplement shows aggregate proceeds of $686,000 to the Bank. The notes have a Digital Return of 4.05%, an Initial Underlier Value of 7,209.01 and a Barrier Value of 5,767.21 (80% of initial). If not called, maturity payoff caps upside at the Digital Return and, if the Underlier finishes below the Initial Value but at or above the Barrier, investors receive a positive payment equal to the absolute Underlier decline (capped at 20%). The notes may be auto-called on Call Observation Dates; 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 Solactive Equal Weight U.S. Semi Conductor Select AR Index. The offering totals $745,000 at par. The Notes pay a contingent monthly coupon of $12.292 per $1,000 (equivalent to 14.75% per annum) when the Underlier is at or above a 75% coupon threshold on observation dates. The Notes may be automatically called if the Underlier is at or above its initial value on a Call Observation Date; if not called, final principal repayment at maturity depends on whether the Final Underlier Value is at or above the 70% Barrier Value. Trade Date: April 30, 2026; Issue Date: May 5, 2026; Valuation Date: October 30, 2028; Maturity Date: November 2, 2028. Payments are subject to Royal Bank of Canada credit risk. The initial estimated value determined by the issuer was $948.86 per $1,000, which is less than the public offering price. Referral fees of up to $10 per $1,000 may be paid to unaffiliated broker-dealers.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five U.S. bank stocks (Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo). The public offering price is $1,000 per $1,000 principal amount (aggregate $1,560,000), with an initial estimated value of $989.37 per $1,000. The notes mature on May 3, 2029 and may be automatically called on a single observation (May 13, 2027) if the Basket closing value is ≥ the Initial Basket Value; automatic call pays $1,170 per $1,000 (117%). At maturity, if not called, upside participation is 150% of positive Basket Return, a Barrier is set at 70% of the Initial Basket Value, and downside below the Barrier results in a loss proportional to the Basket Return. All payments are subject to Royal Bank of Canada credit risk; tax and distribution conflicts are disclosed in the supplement.

Royal Bank of Canada is offering two separate Capped Enhanced Return Buffer Notes, each linked to a different equity index (the Nasdaq-100 and the S&P 500). Each note pays at maturity based on the Underlier Return, a 150% Participation Rate (capped at the stated Maximum Return), and a 10% Buffer that protects against losses up to that amount. Trade Date was April 30, 2026, Issue Date May 5, 2026, Valuation Date April 28, 2028, and Maturity Date May 3, 2028. Payments at maturity depend on Final Underlier Value and are subject to RBC credit risk.

Royal Bank of Canada is offering two separate Capped Return Dual Directional Buffer Notes linked to the Russell 2000® Index and the EURO STOXX 50® Index. Each offering is sold at par with distinct terms: a Maximum Upside Return of 26% (RTY offering) and 27% (SX5E offering), an Initial Estimated Value below the public offering price, a Participation Rate of 100%, a Buffer Percentage of 15%, a Trade Date of April 30, 2026, Issue Date of May 5, 2026, Valuation Date of April 28, 2028, and Maturity Date of May 3, 2028. Payments at maturity depend on Underlier performance relative to the Initial Underlier Value and the 85% Buffer Value; all payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500 Index. The notes have a 15% buffer, 100% participation subject to a Maximum Upside Return of 18.75%, and mature in 2028. The initial estimated value is $977.99 per $1,000, below the public offering price. 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 Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index. The notes are sold at par ($1,000 per note) with an initial estimated value of $971.49 per $1,000. Investors may receive monthly contingent coupons of $13.125 per $1,000 (equivalent to 15.75% per annum) when the Underlier is at or above the coupon threshold. The notes are auto-callable beginning on the 12th monthly observation and mature on May 5, 2031 if not called. At maturity, investors keep principal if the Final Underlier Value is at or above the Buffer Value (75% of the initial level); otherwise principal is reduced according to the Underlier Return net of a 25% buffer. Payments are unsecured obligations of the Bank and are subject to credit risk; the notes are not deposit insured.

Royal Bank of Canada is offering $648,000 in Capped Enhanced Return Dual Directional Buffer Notes linked to the Nasdaq-100 Index®. The notes mature on May 3, 2028 with a 150% Participation Rate capped by a 25% Maximum Upside Return and a 10% Buffer. Key dates: Trade Date April 30, 2026, Issue Date May 5, 2026, Valuation Date April 28, 2028. Payments at maturity depend on the Underlier Return versus the Buffer Value; 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 Morgan Stanley common stock. The Notes pay a contingent monthly coupon of $10.292 per $1,000 (equivalent to 12.35% per annum) when the Underlier meets the coupon threshold. Trade Date is May 14, 2026, Issue Date May 19, 2026, Valuation Date June 14, 2027 and Maturity Date June 17, 2027. The Barrier and Coupon Threshold equal 76% of the Initial Underlier Value. If not called and the Final Underlier Value is below the Barrier, investors receive a Physical Delivery Amount of Morgan Stanley shares per $1,000, which may be worth substantially less than principal. The initial estimated value is stated as between $920.50 and $970.50 per $1,000.

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the Nasdaq-100 Index®. The notes have a Participation Rate of 100%, a Buffer Percentage of 15%, and a Maximum Upside Return of at least 23%.

The Trade Date is May 29, 2026, Issue Date June 3, 2026, Valuation Date May 30, 2028, and Maturity Date June 2, 2028. The initial estimated value is expected to be between $924.00 and $974.00 per $1,000 principal amount and the public offering price is $1,000 per $1,000 principal amount. All payments are subject to Royal Bank of Canada’s credit risk.

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500® Index. The Notes have an Issue Date of June 3, 2026 and a Maturity Date of June 2, 2028. They provide 100% Participation (subject to a Maximum Upside Return of at least 18.75%) and a 15% buffer applied to the Initial Underlier Value. Payments at maturity vary by the Final Underlier Value: investors can receive upside up to the cap, a positive payment when losses are within the 15% buffer (equal to the absolute value of the Underlier Return, up to 15%), or a reduced principal if losses exceed the buffer. The public offering price is 100% of principal with an underwriting discount of 1.00%; the initial estimated value is stated to be between $925.00 and $975.00 per $1,000 principal. All payments are subject to Royal Bank of Canada credit risk and the pricing supplement identifies material tax, market‑value and structural risks.

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 trade with a public offering price equal to par and an underwriting discount of 2.00%. Trade Date is May 26, 2026, Issue Date May 29, 2026, Valuation Date June 28, 2027 and Maturity Date July 1, 2027. If not called, investors may receive monthly contingent coupons if each underlier meets the coupon threshold; the contingent coupon is at least $7.50 per $1,000 (0.75% monthly, 9.00% annualized). At maturity, full principal is repaid if the least performing underlier is >= its 75% barrier; otherwise investors suffer a loss equal to that underlier's negative return. All payments are subject to the issuer's credit risk and various tax and withholding considerations.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of Adobe, Salesforce, Microsoft, Oracle and Palo Alto Networks. The notes have a Trade Date of May 29, 2026, Issue Date June 3, 2026, a Valuation Date of May 29, 2029 and a Maturity Date of June 1, 2029. If the Basket meets the call condition on the Call Observation Date, the notes will be automatically called with a payment per $1,000 principal amount of at least $1,200. If not called, the notes pay at maturity with a 125% Participation Rate on positive Basket performance; a 70 Barrier (70% of initial) applies and investors can lose a substantial portion or all principal if the Final Basket Value is below the Barrier. All payments are subject to Royal Bank of Canada credit risk and tax and withholding treatments described herein.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an unequally weighted basket of five international indices. The Notes have a Trade Date of May 26, 2026, Issue Date May 29, 2026, a scheduled Valuation Date May 27, 2031 and Maturity Date May 30, 2031. The Notes are callable if the Basket is at or above its initial value on the Call Observation Date June 1, 2027, in which case investors would receive at least $1,100 per $1,000 principal amount.

Key economic terms: public offering price $1,000 per $1,000, initial estimated value expected between $890 and $940, underwriting discount 3.50%, Participation Rate 150%, Barrier Value 75% of the Initial Basket Value. All payments are subject to the issuer's credit risk.

Royal Bank of Canada (RBC) is offering two separate Fixed Coupon Barrier Notes, each linked to a single equity underlier: Micron Technology common stock and Vertiv Holdings Class A common stock. Each note pays a monthly fixed coupon (rate set on the cover page), returns full principal at maturity if the final underlier value is at or above a barrier equal to 50% of the Initial Underlier Value, and otherwise returns principal adjusted by the underlier return (which can result in substantial or total principal loss). Trade Date is May 15, 2026, Issue Date is May 20, 2026, Valuation Date is May 17, 2027 and Maturity Date is May 20, 2027. The pricing supplement shows fixed coupon rate ranges and initial estimated value ranges for each offering and discloses underwriting discounts, potential selling concessions and withholding/tax treatment uncertainties.

Royal Bank of Canada is offering capped enhanced return buffer notes linked to the EURO STOXX 50 Index. The Notes have a 15% buffer, a 300% participation rate (subject to a Maximum Return of 21%–23% set on the Trade Date) and mature on June 1, 2028. Per $1,000 principal, investors receive upside up to the Maximum Return if the final index value rises; if the final index value falls but remains at or above 85% of the initial value, principal is returned; below that buffer, principal is reduced by the index loss minus the 15% buffer. The Notes are senior unsecured obligations of RBC and are subject to RBC credit risk, limited liquidity, underwriting discounts and complex tax treatment. Trade Date: May 29, 2026; Issue Date: June 3, 2026; Valuation Date: May 29, 2028.

Royal Bank of Canada is offering three separate Capped Enhanced Return Buffer Notes, each linked to a different equity index (Nasdaq-100, Russell 2000 and S&P 500). Each $1,000 principal amount pays at maturity based on the Underlier Return with a Participation Rate of 150%, a Buffer Percentage of 10% and an issuer-determined Maximum Return (cover shows ranges by offering). Trade Date is May 29, 2026, Issue Date is June 3, 2026, Valuation Date May 30, 2028 and Maturity Date June 2, 2028. The Notes are unsecured debt of RBC, are subject to RBC credit risk and could result in loss of principal if the Final Underlier Value falls below the Buffer Value.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five large U.S. banks (Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo). The notes have a Trade Date of May 26, 2026, Issue Date May 29, 2026, Valuation Date May 29, 2029 and Maturity Date June 1, 2029. The notes pay at least $1,130 per $1,000 if automatically called on the Call Observation Date; otherwise maturity payoffs depend on the Final Basket Value, a Barrier Value of 70 (70% of initial), and a Participation Rate of 150%. The initial estimated value is expected between $900 and $950 per $1,000, below the public offering price.

Royal Bank of Canada is offering $750,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of NVIDIA, Oracle and Wells Fargo, due May 3, 2029. The Notes pay a contingent quarterly coupon of $55.00 per $1,000 ($55.00 = 5.50% per quarter; 22.00% per annum) when each underlier meets its 50% Coupon Threshold on the prior observation date. The Notes may be automatically called on quarterly Call Observation Dates if each underlier equals or exceeds its Initial Underlier Value; if called, investors receive par plus the contingent coupon otherwise due. At maturity, if the Final Underlier Value of the Least Performing Underlier is below its 50% Barrier Value, investors suffer a loss proportional to that underlier’s decline. The initial estimated value was $972.02 per $1,000 versus a public offering price of 100.00%.

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500® Index. The notes are sold in $1,000 principal amount increments at a public offering price of 100% of principal and mature on June 1, 2028. Payments at maturity depend on the Final Underlier Value versus the Initial Underlier Value: investors participate at a 100% Participation Rate up to a Maximum Upside Return of 18.75%, receive a positive payment when the Underlier declines but stays above the Buffer Value (90% of initial), and absorb losses beyond the 10% Buffer Percentage if the Underlier falls below the Buffer Value. The initial estimated value is stated as between $916.40 and $966.40 per $1,000 on the Trade Date; payments and secondary market values are subject to RBC credit risk and other disclosures in the prospectus and supplements.

Royal Bank of Canada is offering four separate Auto-Callable Contingent Coupon Barrier Notes, each linked to a different equity underlier: Alcoa (AA), AMD (AMD), Delta Air Lines (DAL) and Halliburton (HAL). Pricing shows Contingent Coupon rate ranges of 10.50%–15.75% per annum 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. Notes pay quarterly contingent coupons if observation thresholds are met, are auto-called if the underlier equals or exceeds the initial value on a call observation date, and repay principal at maturity only if the Final Underlier Value is at or above the Barrier Value; otherwise investors suffer a loss equal to the Underlier Return. The Notes are unsecured debt of RBC and expose investors to issuer credit risk and market risk of each underlier.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The notes have a Trade Date of May 26, 2026, Issue Date May 29, 2026, Valuation Date May 26, 2028 and Maturity Date June 1, 2028. Per $1,000 principal, investors pay par and may receive at maturity either: (1) $1,000 plus 200% of the Underlier Return capped at a Maximum Return of 19%–21%; (2) $1,000 if the Final Underlier Value falls but stays at or above the Buffer Value (85% of Initial); or (3) $1,000 plus $1,000×(Underlier Return + Buffer Percentage 15%) if the Final Underlier Value is below the Buffer Value, which can result in substantial principal loss. Payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering three separate Capped Return Dual Directional Buffer Notes linked to the Nasdaq-100 (NDX), Russell 2000 (RTY) and EURO STOXX 50 (SX5E). Each note is sold at par per $1,000 principal amount with a 15% buffer, a 100% participation rate (subject to a capped upside), and a capped upside specified per offering. Trade Date is May 26, 2026, Issue Date May 29, 2026, Valuation Date May 26, 2028 and Maturity Date June 1, 2028. Payments at maturity depend on the Underlier Return relative to the Buffer Value (85% of the Initial Underlier Value), with examples and hypothetical returns provided in the pricing supplement.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five U.S. bank stocks with a Trade Date of May 29, 2026, Issue Date of June 3, 2026 and Maturity Date of June 1, 2029. The notes pay at least $1,165 per $1,000 on an automatic call if the Basket closing value on the Call Observation Date meets or exceeds the Initial Basket Value.

If not called, maturity payouts depend on the Final Basket Value versus an Initial Basket Value set to 100 and a Barrier Value of 70; a Participation Rate of 150% applies when the Final Basket Value exceeds the Initial Basket Value. All payments are subject to Royal Bank of Canada credit risk and the pricing supplement highlights market, tax and conflict-of-interest risks.

Royal Bank of Canada is offering four separate series of Auto-Callable Contingent Coupon Barrier Notes (each a "Note"), each linked to a different equity Underlier (Harley‑Davidson, KKR, Target and Tesla). The Notes pay quarterly contingent coupons (with a memory feature), may be automatically called on quarterly observation dates, and mature on May 18, 2029 with final valuation on May 15, 2029. Public offering price is generally 100.00% of principal, with an underwriting discount of 2.50% and expected initial estimated values per $1,000 in ranges roughly between $900.00 and $963.00 depending on the Underlier. Coupons, coupon thresholds, barrier values and final initial estimated value will be set on the Trade Date; trade, issue and valuation dates are specified in the supplement. The Notes are senior unsecured obligations and are subject to RBC credit risk, potential loss of principal if an Underlier falls below its Barrier Value, withholding and tax uncertainties, and limited or no secondary market liquidity.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of Adobe, Salesforce, Microsoft, Oracle and Palo Alto Networks. The Notes have a Trade Date of May 26, 2026, Issue Date May 29, 2026 and a scheduled Maturity Date of June 1, 2029. The Notes are auto-callable on a single Call Observation Date (June 1, 2027) and, if called, will pay at least $1,160 per $1,000 principal amount. If not called, the Notes pay at maturity based on Basket performance with a Participation Rate of 125% and a Barrier Value equal to 70% of the Initial Basket Value (Initial Basket Value = 100). The initial estimated value is disclosed as between $880 and $930 per $1,000, below the public offering price of par. All payments are subject to Royal Bank of Canada credit risk and the pricing supplement highlights distribution fees, conflicts of interest and significant tax and market risks.

Royal Bank of Canada is offering three separate Capped Enhanced Return Buffer Notes, each linked to a different equity index (Nasdaq-100, Russell 2000, S&P 500). The notes have a Trade Date of May 26, 2026, an Issue Date of May 29, 2026, a Valuation Date of May 26, 2028 and a Maturity Date of June 1, 2028. Each note uses a 10% Buffer Percentage, pays at maturity based on the Underlier Return subject to a Participation Rate (150% for NDX and RTY, 125% for SPX) and a capped Maximum Return determined on the Trade Date. Notes pay par if the Final Underlier Value remains at or above the Buffer Value; if the Final Underlier Value is below the Buffer Value, principal is reduced by the shortfall less the Buffer Percentage. All payments are subject to Royal Bank of Canada credit risk.

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 have a Participation Rate of 115%, Trade Date May 1, 2026, Issue Date May 6, 2026, Valuation Date May 1, 2029 and Maturity Date May 4, 2029. At maturity, if the Final Underlier Value is greater than the Initial Underlier Value investors receive principal plus 115% of the Underlier Return; if not, investors receive the $1,000 principal. The public offering price is 100% ($1,000 per $1,000 principal), underwriting discount is 1.00%, and Royal Bank expects initial estimated values between $911 and $961 per $1,000. All payments are subject to Royal Bank of Canada credit risk and the Underlier reflects multiple deductions including a 0.5% annual decrement and transaction/funding costs.

Royal Bank of Canada is offering Barrier Digital Notes linked to the least performing of the Russell 2000® and the S&P 500® Index. The Notes pay a Digital Return of 9.25% if the least performing underlier finishes at or above a Barrier Value equal to 65% of its initial value; otherwise payments reflect the underlier's percentage loss. The Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date June 15, 2027 and Maturity Date June 21, 2027. All payments are subject to the issuer's credit risk.

Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index (Bloomberg: SPMKTD). The Notes trade at a public offering price of 100.00% with an underwriting discount of 1.00%. Trade Date is May 1, 2026, Issue Date May 6, 2026, Valuation Date May 1, 2030 and Maturity Date May 6, 2030. Payment at maturity per $1,000 principal: if the Final Underlier Value > Initial Underlier Value, you receive $1,000 + ($1,000 × Underlier Return × Participation Rate 145%); if Final ≤ Initial, you receive $1,000. The initial estimated value is expected to be between $902.00 and $952.00 per $1,000 principal amount and will be less than the public offering price. The Underlier is subject to a 0.5% per annum decrement fee and other funding and transaction-cost deductions (historical average per annum impact shown as 0.83%). All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering Trigger GEARS linked to the Swiss Market Index due on or about May 15, 2031. Each Security has a $10 principal and pays at maturity either (1) $10 plus an Upside Gearing times the positive Underlying Return, (2) $10 if the Underlying Return is zero/negative but the Final Underlying Value is at or above the Downside Threshold, or (3) $10 plus ($10 × Underlying Return) if the Final Underlying Value is below the Downside Threshold, which can result in a loss of up to 100% of principal. The Upside Gearing will be set on the Trade Date between 2.4175 and 2.6175 and the Downside Threshold is 60% of the Initial Underlying Value. Payments, including any principal repayment, are subject to Royal Bank of Canada’s creditworthiness.

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 Notes are offered at par per $1,000 principal amount with an underwriting discount of 2.50%. The Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date May 15, 2030 and Maturity Date May 20, 2030. The initial estimated value is expected to be between $889 and $939 per $1,000 principal amount and will be less than the public offering price.

If not called, investors may receive a quarterly Contingent Coupon of at least $22.50 per $1,000 (at least 9.00% annually) only when each Underlier meets the Coupon Threshold on the applicable observation date. The Notes are auto-callable on quarterly Call Observation Dates if all Underliers are at or above their Initial Underlier Values; an auto-call pays par plus the Contingent Coupon otherwise due. At maturity, if not called, repayment depends on the Final Underlier Value of the Least Performing Underlier relative to a Barrier set at 70% of its Initial Underlier Value: full principal is repaid if that Final Value is at or above the Barrier; otherwise investors suffer a loss equal to the Underlier Return of the Least Performing Underlier. All payments are subject to Royal Bank of Canada credit risk. The pricing supplement highlights material tax, market‑value and index/currency risks.

Royal Bank of Canada (issuer) offers principal-protected-at-buffer structured notes linked to a weighted basket of five international equity indices with no periodic interest. For each $1,000 principal amount, the cash settlement at maturity depends on the basket return measured from the trade date April 28, 2026 to the determination date June 7, 2028, and is subject to a buffer level of 82.50%, an upside participation rate of 250%, a cap at 111.10% of the initial basket level and a maximum settlement amount of $1,277.50 per $1,000 note. The initial estimated value on the trade date is $990.07 per $1,000. Notes are senior unsecured obligations, not listed, not interest-bearing, and carry the issuer's credit risk.

Royal Bank of Canada offers Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the MSCI Emerging Markets Index, Nikkei 225 and EURO STOXX 50. The Notes pay a contingent monthly coupon of $7.542 per $1,000 (9.05% per annum if payable) and may be automatically called if on a Call Observation Date each Underlier is at or above its Initial Underlier Value. If not called, principal at maturity depends on the Final Underlier Value of the Least Performing Underlier: investors receive full principal if that Final Underlier Value is at or above the Barrier Value, but will lose a portion or all of principal if it is below the Barrier Value. The Trade Date is April 28, 2026, Issue Date May 1, 2026, Valuation Date October 28, 2027 and Maturity Date November 2, 2027. All payments are subject to Royal Bank of Canada’s credit risk; the initial estimated value per $1,000 is $967.95, below the public offering price.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index. The notes have a Trade Date of April 28, 2026, Issue Date May 1, 2026 and a Maturity/Valuation Date of May 1/April 28, 2031. The notes pay a contingent monthly coupon of $6.667 per $1,000 (8.00% per annum) when the Underlier is at or above a 75% coupon threshold and are callable beginning on the 12th monthly observation if the Underlier is at or above its initial value. At maturity, if not called, principal protection is conditional: full principal is returned if the Final Underlier Value is >= the Buffer Value (65% of the initial value); otherwise the investor receives $1,000 × (1 + Underlier Return + 35%), exposing holders to partial or substantial principal loss. The initial estimated value was $933.34 per $1,000 and the public offering price and underwriting terms are shown on the cover page. All payments are subject to RBC credit risk; terms reference detailed risk disclosures and tax considerations.

Royal Bank of Canada offers Auto-Callable Contingent Coupon Barrier Notes linked to the least performing common stock of NVIDIA, Oracle and Wells Fargo. The Notes priced at par have a Contingent Coupon of $55.00 per $1,000 (5.50% quarterly, 22.00% per annum). Trade Date is April 29, 2026, Issue Date May 4, 2026, Valuation Date April 30, 2029 and Maturity Date May 3, 2029. If not called, payment at maturity depends on the Final Underlier Value of the Least Performing Underlier versus its 50% Barrier: if at or above the Barrier, investors receive $1,000 (plus any Contingent Coupon); if below the Barrier, payment equals $1,000 × (1 + Underlier Return) and could result in substantial loss of principal. The Notes may be automatically called early if, on a Call Observation Date, each Underlier equals or exceeds its Initial Underlier Value; called investors receive principal plus the Contingent Coupon otherwise due. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada offers leveraged, buffered principal-at-risk notes linked to NVIDIA Corporation common stock. Each security has a $1,000 face amount and pays at maturity a contingent cash amount based on NVIDIA's performance: 150% upside participation up to a maximum return of at least 29.15%, a 15% downside buffer and up to an 85% loss of principal if the ending value falls below 85% of the starting value.

The pricing date is May 18, 2026, issue date May 21, 2026 and stated maturity is July 22, 2027. The initial estimated value is expected between $916.50 and $966.50 per security and is less than the $1,000 original offering price; proceeds to the issuer are shown as $976.75 per security.

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 pay a monthly contingent coupon of $5.458 per $1,000 (6.55% per annum) when each underlier meets its coupon threshold. The notes are callable quarterly starting about one year after the trade date and mature on February 10, 2031. At maturity, if the least-performing underlier is below a 70% barrier of its initial value, principal is reduced pro rata; if at or above the barrier, principal is returned. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering Capped Return Dual Directional Buffer Notes linked to the S&P 500® Index. The notes have a Trade Date of May 26, 2026, Issue Date May 29, 2026, Valuation Date May 26, 2028 and Maturity Date June 1, 2028. Payments at maturity depend on the Underlier Return: a Participation Rate of 100% applies up to a Maximum Upside Return of 18% (maximum payoff $1,180 per $1,000), an 80% Buffer Value (Buffer Percentage 20%) provides protection for certain declines, and outcomes below the Buffer Value result in losses of principal. Public offering price is 100% ($1,000 per $1,000 principal) with underwriting discounts of 0.50%. The initial estimated value is expected to be between $937.50 and $987.50 per $1,000. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 15, 2041 as described in this pricing supplement. The Notes pay interest at 5.40% per annum, are callable on specified Interest Payment Dates beginning May 15, 2029, and are subject to Canadian bail-in powers. The public purchase price will be between $970.00 and $1,000.00 per $1,000 principal, with underwriting concessions of up to $30.00 per $1,000 principal, and all payments remain subject to the Bank’s credit risk.