Royal Bank of Canada 424B Filings

Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 15, 2029 with a stated interest rate of 4.35% per annum. The notes have an issue date of May 15, 2026 and are redeemable at RBC's option on call dates beginning November 15, 2027.

The public offering price will range between $987.50 and $1,000.00 per $1,000 principal amount; RBC Capital Markets, LLC is the underwriter and calculation agent. The notes are bail-inable under the CDIC Act and payments remain subject to RBC's credit risk.

Royal Bank of Canada is offering four separate Auto-Callable Contingent Coupon Barrier Notes linked to individual equity underliers: Broadcom, Blackstone, CrowdStrike and Estée Lauder. Each series has its own Contingent Coupon Rate (11.25% for three offerings; 14.00% for EL), initial estimated value per $1,000, public offering amounts, an Issue Date of April 30, 2026 and a Maturity Date of April 30, 2029. The notes pay quarterly contingent coupons with a memory feature (unpaid coupons may be paid later once the coupon condition is met), are auto-callable quarterly if the underlier equals/exceeds its initial value on a Call Observation Date, and return principal at maturity only if the Final Underlier Value is at or above the Barrier Value; otherwise final payment equals $1,000 plus the Underlier Return, exposing investors to loss of principal. Specific Barrier and Coupon Threshold values and Initial Underlier Values are set per offering in the pricing tables. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering two separate Fixed Coupon Barrier Notes, each linked to a single-equity underlier: Albemarle Corporation (ALB) and Dell Technologies Inc. (DELL). Each offering pays a monthly fixed coupon (13.00% for ALB; 11.25% for DELL) and returns principal at maturity only if the Final Underlier Value is at or above a Barrier Value (50% of the Initial Underlier Value). The notes mature on April 30, 2027; if the Final Underlier Value is below the Barrier Value, investors receive a loss equal to the Underlier Return applied to the $1,000 principal.

The pricing supplement discloses initial estimated values (per $1,000): $973.20 (ALB) and $970.54 (DELL), public offering amounts and underwriting discounts, tax treatment uncertainty under U.S. federal rules, and that all payments are subject to Royal Bank of Canada’s credit risk.

Royal Bank of Canada is offering four Auto-Callable Contingent Coupon Barrier Notes, each linked to a single equity underlier (Freeport-McMoRan, NIKE Class B, Novo Nordisk ADS, SLB). Trade Date is April 28, 2026, Issue Date April 30, 2026, Valuation Date April 25, 2029 and Maturity Date April 30, 2029. The notes pay quarterly contingent coupons (memory feature) when the underlier is at or above a specified Coupon Threshold on observation dates, are callable quarterly if the underlier is at or above its initial value, and return either full principal or an equity-linked payoff at maturity depending on whether the Final Underlier Value is above the Barrier Value. All payments are subject to Royal Bank of Canada credit risk and the pricing supplement warns that investors may lose a substantial portion or all principal if the Final Underlier Value is below the Barrier Value.

Royal Bank of Canada is offering Buffer Digital Notes linked to the least performing of three Underliers: the SPDR S&P Regional Banking ETF (KRE), the Russell 2000 Index (RTY) and the Technology Select Sector SPDR ETF (XLK). The Notes pay a Digital Return of $10.80% at maturity if the Least Performing Underlier is at or above its Buffer Value (75% of initial). If below the Buffer Value, investors receive principal reduced by the Underlier Return net of the 25% Buffer Percentage, exposing holders to partial or substantial principal loss. Trade Date is May 15, 2026, Issue Date May 20, 2026, Valuation Date June 15, 2027, and Maturity Date June 21, 2027. The initial estimated value is expected between $931.00 and $981.00 per $1,000 principal amount, below the public offering price of $1,000. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering $886,000 of Auto-Callable Enhanced Return Barrier Notes linked to an unequally weighted basket of five global equity indexes. The Notes pay 110.50% of principal on an automatic call (Call Observation Date: May 7, 2027) and mature on May 1, 2031 if not called.

At maturity, if not called, payments depend on the Basket Return with a 150% Participation Rate when the Final Basket Value exceeds the Initial Basket Value; a Barrier Value is set at 70% of the Initial Basket Value, below which investors bear full downside on the Basket Return. 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 least performing of the Russell 2000®, S&P 500® and EURO STOXX 50® indices. The offering price is $1,000 per $1,000 principal amount with total public offering of $1,712,000. Issue Date is April 30, 2026 and Maturity Date is April 30, 2030. If not called, investors may receive quarterly contingent coupons of $22.50 per $1,000 when each underlier meets its coupon threshold. At maturity, principal repayment depends on the final performance of the least performing underlier relative to a 70% barrier; if below the barrier, investors suffer proportional principal loss. All payments are subject to the issuer’s credit risk.

Royal Bank of Canada is offering Redeemable Fixed Rate Notes with a stated interest rate of 5.10% per annum and annual interest payments. The pricing table shows total price to the public of $957,000; proceeds to the issuer are $943,602 after underwriting discounts of 1.40% ($13,398). The Notes mature on April 30, 2038 and are callable by the Bank on the Interest Payment Date scheduled for April 30, 2028 and each Interest Payment Date thereafter. The Notes are bail-inable under Canadian law and are subject to the Bank’s credit risk; holders consent to the application of Canadian bail-in powers as described.

Royal Bank of Canada is offering structured Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index (Bloomberg: SPMKTD). The Notes have a $1,000 principal amount per Note, a public offering price of 100.00%, an underwriting discount of 3.00% (proceeds 97.00%), and a Participation Rate of 100%. The Trade Date is May 26, 2026, Issue Date May 29, 2026, Valuation Date November 26, 2029 and Maturity Date November 29, 2029. The initial estimated value is expected to be between $884.00 and $934.00 per $1,000 principal. If the Final Underlier Value exceeds the Initial Underlier Value, the redemption equals principal plus the Underlier Return times the Participation Rate; if not, investors receive principal only. Payments are subject to the Bank's credit risk and the Underlier is subject to decrement, funding and transaction cost deductions, including a 0.5% per annum decrement fee.

Royal Bank of Canada is offering two separate Airbag Autocallable Yield Notes: $3,880,000 linked to the common stock of Amazon.com, Inc. and $3,830,000 linked to the common stock of Toll Brothers, Inc.. Each Note pays a fixed monthly coupon (10.30% per annum for AMZN; 11.00% per annum for TOL), is automatically callable on quarterly observation dates if the Underlying closes at or above its Initial Underlying Value, and matures on May 3, 2027 with a Final Valuation Date of April 28, 2027. If not called and the Final Underlying Value is below the Conversion Price (85% of the Initial Underlying Value), holders receive a Share Delivery Amount of shares per $1,000 principal (4.5300 for AMZN; 8.1853 for TOL), which may be worth less than principal. The Notes are senior unsecured obligations of the Bank, unsecured by deposit insurance, and payments depend on the Bank's creditworthiness.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to the least performing share of Apple, Amazon and Alphabet Class A. The notes have a Trade Date of April 28, 2026, Issue Date April 30, 2026, a Valuation Date of April 30, 2029 and a Maturity Date of May 3, 2029.

If all three Underliers close on the Call Observation Date at or above their Initial Underlier Values, the notes will be automatically called and pay $1,460 per $1,000 (146%). If not called, maturity payments depend on the Final Underlier Value of the least performing Underlier: full principal if that Final Value is at or above the Barrier Value, enhanced upside at a 200% Participation Rate for positive returns, and pro rata principal losses if the Final Value is below the Barrier Value. The initial estimated value was $962.31 per $1,000; public offering price equals par. All payments are subject to RBC credit risk and other listed risks.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the MSCI EAFEIndex. The Notes have a Trade Date of May 6, 2026, Issue Date May 11, 2026, Valuation Date November 8, 2027 and Maturity Date November 12, 2027. Payments at maturity depend on the Underlier Return versus the Initial Underlier Value: investors receive 150% of positive index returns subject to a Maximum Return of 23.10%, full principal if losses are within a 10% Buffer, and a reduced principal when the Final Underlier Value is below the Buffer. The initial estimated value is expected to be between $943.00 and $993.00 per $1,000 principal amount and will be less than the public offering price. All payments are subject to RBC credit risk; the Notes are not insured deposits.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the lesser-performing of the Russell 2000® and the EURO STOXX 50® Indexes, with total public offering proceeds of $2,175,000. The Notes pay quarterly contingent coupons of $21.75 per $1,000 (2.175% per quarter; 8.70% per annum), may be automatically called on scheduled observation dates if both underliers are at or above their initial values, and mature on May 2, 2030 with a valuation date of April 29, 2030. The initial estimated value was $960.55 per $1,000, below the public offering price. Payments at maturity depend on the Final Underlier Value of the Least Performing Underlier versus its 70% barrier; investors may lose a substantial portion or all of principal. All payments are subject to the issuer's credit risk.

Royal Bank of Canada offers $12,225,000 Redeemable Fixed Rate Notes. The Notes pay 4.25% per annum semiannually and mature on April 30, 2029. The offering shows total public price of $12,225,000 with underwriting discounts of 0.28% ($34,230) and net proceeds to the Bank of $12,190,770. The Notes are issuer‑redeemable on specified Call Dates beginning April 30, 2027, are subject to Canadian bail‑in powers, and are unsecured obligations of the Bank; all payments are subject to the Bank’s credit risk.

Royal Bank of Canada is offering Dual Directional Barrier Digital Notes linked to the least performing of the MSCI Emerging Markets Index and the EURO STOXX 50® Index. The public offering totals $4,649,000 and proceeds to the bank are $4,486,285. The notes mature on April 30, 2031 with payoff formulas that (1) pay principal plus the greater of the 60% Digital Return or the Underlier return if the least performing Underlier finishes at or above its initial value, (2) pay principal plus the absolute value of a negative Underlier return (capped at 30%) if the Final Underlier Value is below initial but at or above the Barrier Value (70%), and (3) suffer principal loss pro rata if the Final Underlier Value is below the Barrier Value. All payments are subject to the bank’s credit risk and U.S. federal income tax characterization is discussed in the supplement.

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 105%, Trade Date of May 29, 2026, Issue Date June 3, 2026, Valuation Date May 29, 2029 and Maturity Date June 1, 2029. Per $1,000 principal amount, investors pay 100.00% at issuance; underwriting discount is 1.00%, with proceeds to the issuer of 99.00% of principal. If the Final Underlier Value exceeds the Initial Underlier Value, payment equals $1,000 plus 105% of the Underlier Return; if not, investors receive $1,000. The notes are unsecured debt of the Bank and subject to the Bank’s credit risk. The initial estimated value is expected to be between $904.00 and $954.00 per $1,000 principal amount.

Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index, with a Participation Rate of 135%. The notes have a Trade Date of May 26, 2026, Issue Date of May 29, 2026 and mature on May 30, 2031. At maturity per $1,000 principal, investors receive $1,000 plus 135% of positive Underlier Return; if the Final Underlier Value is less than or equal to the Initial Underlier Value, investors receive $1,000. Payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering non‑interest bearing structured notes linked to the S&P 500® Index with a principal amount of $1,000 per note. The notes pay a capped threshold settlement amount if the final index level is ≥ 85.00% of the initial level; otherwise holders suffer proportional losses (about 1.1765% loss for each 1% the final level is below the threshold). The notes are unsecured senior debt, not listed, not redeemable prior to maturity and subject to issuer credit risk and tax‑treatment uncertainty. The initial estimated value is set to be between $965.80 and $995.80 per $1,000 principal amount; the final pricing supplement will set the trade date figures.

Royal Bank of Canada (issuer) is offering principal-protected-conditional notes linked to the S&P 500® Index. For each $1,000 principal amount, holders may receive a capped threshold settlement amount if the final index level on the determination date is ≥ 87.50% of the initial level; otherwise holders suffer a pro rata loss, potentially losing the entire investment. The notes pay no interest, are senior unsecured debt, not listed, not redeemable prior to maturity, and subject to the issuer's credit risk. The initial estimated value is expected to be between $965.30 and $995.30 per $1,000 principal amount and will be less than the original issue price. Trade date, determination date (expected 22–25 months after trade date), stated maturity date, initial underlier level, and final threshold settlement amount will be set on the trade date and disclosed in the final pricing supplement.

Royal Bank of Canada is offering $2,721,000 of Capped Enhanced Return Buffer Notes linked to the VanEck® Semiconductor ETF (SMH), maturing October 29, 2027. The notes pay 200% of positive Underlier performance up to a 30% Maximum Return, return principal if decline is within a 15% buffer, and absorb losses beyond that buffer. Issue Date is April 30, 2026; Valuation Date is October 27, 2027. Payments are subject to RBC credit risk and market‑value uncertainty; initial estimated value was $965.52 per $1,000 principal.

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 pay a monthly contingent coupon of $7.50 per $1,000 (0.75% monthly, 9.00% annual) when all Underliers meet thresholds. If, on any Call Observation Date beginning October 27, 2026, each Underlier closes at or above its Initial Underlier Value the Notes are automatically called and investors receive principal plus the contingent coupon then due. At maturity (June 2, 2027) investors receive full principal if the Least Performing Underlier is at or above its 75% Barrier; otherwise repayment is reduced proportionally to that Underlier's negative performance. All payments are subject to Royal Bank of Canada credit risk; the initial estimated value is $971.10 per $1,000 and the public offering price totals $4,567,000.

Royal Bank of Canada offers structured notes linked to the iShares® Expanded Tech-Software Sector ETF. The notes have a $1,000 principal amount, aggregate initial principal of $4,155,000, no periodic interest and a stated maturity of June 1, 2027 (subject to adjustment). Payment at maturity depends on the underlier return from the trade date April 27, 2026 to the determination date May 27, 2027. If the final underlier level is ≥85.00% of the initial level ($85.43), holders receive a capped threshold settlement amount of $1,153.50 per $1,000. If below that threshold, the cash settlement falls proportionally and could result in loss of principal; the initial estimated value on the trade date was $982.20 per $1,000.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Dual Directional Barrier Notes linked to the lesser-performing share of Boston Scientific and Medtronic. The notes carry a 150% Participation Rate, a 65% Barrier and an automatic call feature that pays $1,310 per $1,000 if both underliers close at or above their trade-date values on the Call Observation Date. The initial estimated value was $962.85 per $1,000 and the public offering price is par; all payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering $1,165,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of Apple, Amazon and Alphabet common stock, as described in a Pricing Supplement dated April 27, 2026.

The Notes pay a contingent monthly coupon of $12.708 per $1,000 (1.2708% monthly; 15.25% per annum) if each Underlier is at or above its 60% Coupon Threshold on the relevant observation dates. The Notes can be auto-called on monthly Call Observation Dates beginning October 27, 2026 if each Underlier closes at or above its Initial Underlier Value. If not called, maturity is May 2, 2029, with principal returned in full only if the Final Underlier Value of the Least Performing Underlier is at or above its Barrier Value (60% of initial); otherwise investors suffer downside equal to the Underlier Return of the Least Performing Underlier. The initial estimated value is $991.55 per $1,000 principal amount; public offering price is par.

Royal Bank of Canada is offering Redeemable Fixed Rate Notes with a public offering amount of $1,876,000. The Notes pay 4.50% per annum semiannually and mature on April 30, 2031. The issuer may redeem the Notes on any Call Date beginning October 30, 2027 with 10 business days' prior notice. Payments are subject to the Bank's credit risk and the Notes are bail-inable under the CDIC Act; holders are deemed to consent to conversion mechanics described in the pricing supplement. Purchase prices may range between $993.00 and $1,000.00 per $1,000 principal amount; underwriting discounts are disclosed as 0.60% and underwriting concessions up to $7.00 per $1,000.

Royal Bank of Canada is offering two separate structured note series: Capped Return Dual Directional Buffer Notes linked to the Russell 2000® Index and the EURO STOXX 50® Index. Each $1,000 note pays at maturity based on the Underlier Return with a 100% Participation Rate, an explicit Buffer Percentage of 15% and a capped upside (cover shows 20.50% for RTY and 20% for SX5E). Trade Date is April 27, 2026, Issue Date April 30, 2026, Valuation Date April 27, 2028 and Maturity Date May 2, 2028. Payments depend on final index levels and are subject to the Bank’s credit risk, possible postponements and other terms set forth in the pricing supplement and referenced supplements.

Royal Bank of Canada offers Capped Enhanced Return Buffer Notes linked to the S&P 500 Index. The pricing supplement shows a public offering price totaling $298,000 and an initial estimated value of $968.11 per $1,000 principal amount. The Notes trade on a Trade Date: April 27, 2026, issue on April 30, 2026, and mature on May 2, 2028. Payments at maturity depend on the Final Underlier Value versus the Initial Underlier Value: a 125% Participation Rate (capped at a 19.50% Maximum Return) applies to positive returns; a 10% Buffer protects against losses up to that level. All payments are subject to Royal Bank of Canada credit risk and various tax and market risks described in the supplement.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to the Russell 20004 Index. The notes have a Trade Date of April 27, 2026, an Issue Date of April 30, 2026, a Valuation Date of April 27, 2029 and a Maturity Date of May 2, 2029.

The public offering aggregate is shown as $1,919,000. The notes pay 111.50% of principal on an automatic call and, if not called, return 150% of any positive Underlier Return at maturity. The Barrier Value is 70% of the Initial Underlier Value; if the Final Underlier Value is below the Barrier, principal is reduced pro rata. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering $750,000 of Auto-Callable Contingent Coupon Barrier Notes due April 27, 2029. The Notes are linked to the least performing of AMD, Bank of America and Oracle common stock and pay a monthly contingent coupon of $23.625 per $1,000 when each underlier meets its monthly coupon threshold (50% of the strike). The Notes may be automatically called if on a Call Observation Date each underlier closes at or above its Initial Underlier Value; if not called, principal repayment at maturity depends on the Final Underlier Value of the least performing underlier and can result in loss of principal if that underlier is below its 50% barrier. Payments are subject to Royal Bank of Canada credit risk and U.S. federal tax treatment described in the supplement.

Royal Bank of Canada offers $3,230,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The Notes trade April 27, 2026 with an Issue Date of April 30, 2026 and mature May 1, 2031.

Investors receive a quarterly Contingent Coupon of $18.75 per $1,000 (1.875% per quarter; 7.50% per annum) only if each Underlier meets its 70% Coupon Threshold on the related observation date. The Notes are auto-callable if on any Call Observation Date every Underlier is at or above its Initial Underlier Value; if not called, principal at maturity is protected only if the Least Performing Underlier is at or above its 60% Barrier Value, otherwise investors suffer a loss equal to the Underlier Return of that least performing index. The public offering price is 100.00%, initial estimated value is $955.63 per $1,000, underwriting discount is 3.625%, and net proceeds to the Bank are $3,112,912.50. All payments are subject to RBC credit risk and the terms, risks, and tax treatment described in the accompanying supplements.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five stocks (Adobe, Salesforce, Microsoft, Oracle, Palo Alto Networks). The public offering size is $1,597,000 at 100.00% of principal and the initial estimated value is $938.18 per $1,000. The Notes have an Issue Date of April 30, 2026, a Valuation Date of April 27, 2029 and a Maturity Date of May 2, 2029. If the Basket on the Call Observation Date meets or exceeds the Initial Basket Value, the Notes will be automatically called for $1,160 per $1,000 (116%). If not called, investors at maturity receive either participation of 125% of positive Basket Return, full principal if the Final Basket Value is at or above the Barrier Value (70% of initial), or a reduced principal tied to the Basket Return if below the Barrier. Payments are subject to the Bank’s credit risk and various tax, market‑liquidity and structural risks summarized in the pricing supplement.

Royal Bank of Canada is offering Capped Enhanced Return Dual Directional Buffer Notes linked to the Nasdaq-100 Index®. The notes pay at maturity based on index performance with a 150% Participation Rate, a 21.50% Maximum Upside Return and a 10% buffer. Trade Date is April 27, 2026, Issue Date April 30, 2026, Valuation Date April 27, 2028 and Maturity Date May 2, 2028. The initial estimated value is $964.61 per $1,000 and the public offering price is par. Payments at maturity depend on the Final Underlier Value relative to the Initial Underlier Value and the Buffer Value; all payments are subject to the Bank’s credit risk.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Dual Directional Buffer Notes linked to the least performing common stock of Axon Enterprise, Inc. and Northrop Grumman Corporation for a total public offering amount of $1,639,000.

The Notes have a Trade Date of April 27, 2026, Issue Date of April 30, 2026, a Valuation Date of April 27, 2029 and a Maturity Date of May 2, 2029. They pay $1,350 per $1,000 if automatically called on the Call Observation Date; at maturity payments depend on the least performing Underlier with a 200% Participation Rate and a 30% buffer.

Royal Bank of Canada offers two separate Capped Enhanced Return Buffer Notes linked to the Nasdaq-100 and Russell 2000 indices, maturing on May 2, 2028. Each offering has its own terms: the Nasdaq-100 offering shows a Maximum Return of 23.50% and $1,443,000 principal offered; the Russell 2000 offering shows a Maximum Return of 26% and $85,000 principal offered. The notes pay at maturity based on index performance with a Participation Rate of 150%, a Buffer Percentage of 10% (Buffer Value = 90% of the Initial Underlier Value), and the stated final payout formulas. All payments are subject to the Bank's credit risk, and the initial estimated values per $1,000 principal are $967.53 (NDX) and $965.21 (RTY). The Valuation Date is April 27, 2028. Read the pricing supplement and accompanying prospectus materials for full risk, tax, and distribution details.

Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of BAC, C, GS, MS and WFC. The Notes have a Trade Date of April 27, 2026, Issue Date April 30, 2026, a Valuation Date on April 27, 2029 and Maturity on May 2, 2029. If automatically called on the Call Observation Date, investors receive $1,140 per $1,000. If not called, maturity payments depend on the Final Basket Value versus an Initial Basket Value (set to 100) and a Barrier Value of 70; the Participation Rate is 150%. Initial estimated value is $965.55 per $1,000 and the public offering price is par. All payments are subject to Royal Bank of Canada credit risk; the pricing supplement highlights tax, market, liquidity and conflict-of-interest risks.

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 148%, an initial estimated value of $928.21 per $1,000, and price to the public shown as 100.00% ($539,000 aggregate). The Trade Date is April 27, 2026, Issue Date April 30, 2026, Valuation Date April 28, 2031 and Maturity Date May 1, 2031. At maturity investors receive principal plus 148% of any positive Underlier Return; if the Underlier Return is zero or negative, investors receive only principal. All payments are subject to the issuer's credit risk and the Notes are not FDIC- or CDIC-insured.

Royal Bank of Canada is offering $2,302,000 of Capped Return Dual Directional Buffer Notes linked to the S&P 500® Index due May 2, 2028. The notes pay 100% of positive index performance up to a 20% Maximum Upside Return. They protect the first 10% of index decline (the Buffer) but expose investors to losses beyond that buffer. The initial estimated value was $967.58 per $1,000 while the public offering price was par; underwriting discounts equal 2.09%.

Payments depend on the Final Underlier Value on the Valuation Date: gains are capped, small-to-moderate losses within the 10% buffer result in positive payments equal to the absolute decline, and larger declines reduce principal by the amount exceeding the 10% buffer. All payments are subject to Royal Bank of Canada credit risk.

Royal Bank of Canada is offering $680,000 of senior notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index, maturing November 1, 2029. Per $1,000 principal, the public offering price is 100.00%, with underwriting discounts of 2.351%. Investors receive at maturity either principal plus 100% of the Underlier Return if the Final Underlier Value is greater than the Initial Underlier Value, or $1,000 if the Final Underlier Value is less than or equal to the Initial Underlier Value. Payments are subject to the Bank’s credit risk. The Initial Underlier Value was 3,805.56 and a 0.5% per annum decrement fee applies to the Underlier.

Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The notes pay up to a 19% Maximum Return (200% Participation Rate capped at 19%) over a two-year term. A 15% Buffer protects against modest declines: losses apply only if the final index value falls below 85% of the initial level. Notes sold at par with underwriting discounts; initial estimated value per $1,000 is $954.28. All payments are subject to Royal Bank of Canada’s credit risk and the notes are not FDIC- or CDIC-insured.

Royal Bank of Canada is offering $1,458,000 of Auto-Callable Enhanced Return Dual Directional Barrier Notes linked to the least performing of Microsoft and Snowflake common stock. The Notes carry a 200% participation rate at maturity, a potential automatic call paying $1,350 per $1,000 on the Call Settlement Date, and mature on May 2, 2029. The public offering price is 100.00% with underwriting discounts of 2.50%; the initial estimated value is $955.27 per $1,000. All payments are subject to the Bank's credit risk and the Notes include a 50% barrier (half the initial underlier value).

Royal Bank of Canada is offering Geared Buffer Digital Notes linked to the least performing of Apple Inc., Amazon.com, Inc. and NVIDIA Corporation. The Notes have a public offering price of $1,000 per $1,000 principal amount (100.00%) and underwriting discounts of 1.00%. The Trade Date is May 1, 2026, Issue Date is May 6, 2026, Valuation Date is June 1, 2027, and Maturity Date is June 4, 2027.

At maturity the investor either receives $1,000 + ($1,000 × Digital Return) if the Least Performing Underlier’s Final Underlier Value is at or above its Buffer Value (Buffer = 75% of Initial Underlier Value), or a Physical Delivery amount of shares of the Least Performing Underlier if the Final Underlier Value is below the Buffer Value. The Digital Return is specified as at least 21% (to be set on the Trade Date). The initial estimated value is expected to be between $915.00 and $965.00 per $1,000 on the Trade Date.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index. The Notes trade at a public offering price of $1,000 per $1,000 principal amount and have an initial estimated value of $936.19 per $1,000 principal amount. They pay a $40.00 contingent coupon per quarter (4.00% per quarter, 16.00% per annum) if the Underlier is at or above a 75% Coupon Threshold on observation dates and are callable quarterly if the Underlier is at or above the Initial Underlier Value. At maturity, if not called, principal repayment depends on the Final Underlier Value relative to an 85% Buffer Value; investors can lose some or a substantial portion of principal. All payments are subject to Royal Bank of Canada credit risk and various index-level daily deductions (notional financing cost, 6% per annum deduction factor and transaction costs) that may materially reduce Underlier performance.

Royal Bank of Canada is offering two separate Airbag Autocallable Yield Notes linked to the common stock of Amazon.com, Inc. and Toll Brothers, Inc.. Each Note has a $1,000 face amount, monthly fixed coupon payments and an automatic quarterly autocall feature. If a quarterly Call Observation Date closing value of the Underlying is greater than or equal to the Initial Underlying Value, the Notes will be automatically called and you will receive $1,000 plus the coupon payment otherwise due. If not called, at maturity on or about May 3, 2027 the payoff depends on the Final Underlying Value relative to the Conversion Price (set at 85% of the Initial Underlying Value): if Final Underlying Value >= Conversion Price you receive $1,000 plus the coupon payment; if Final Underlying Value < Conversion Price you receive the Coupon Payment and a Share Delivery Amount equal to $1,000 divided by the Conversion Price, which may be worth less than your principal.

Key commercial terms: Coupon Rate ranges are 9.50%–10.30% per annum (AMZN notes) and 10.00%–10.90% per annum (TOL notes). Trade Date is April 28, 2026, Settlement Date April 30, 2026, Final Valuation Date April 28, 2027. Initial estimated values are stated to be between $932.00–$982.00 (AMZN) and $930.00–$980.00 (TOL), below the public offering price. Any payments are subject to RBC's credit risk.

Royal Bank of Canada (RBC) is offering $5,506,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Constellation Energy Corporation (CEG). The Notes pay a contingent monthly coupon equal to $10.875 per $1,000 (13.05% per annum) when the Underlier meets the Coupon Threshold. The Initial Underlier Value was $313.53 and the Coupon Threshold and Barrier Value equal 56% of that value ($175.58). Trade Date is April 24, 2026, Issue Date April 29, 2026, Valuation Date May 24, 2027 and Maturity Date May 27, 2027. Notes may be auto-called beginning on the Call Observation Date of October 26, 2026 if the closing Underlier Value is at or above the Initial Underlier Value; early call returns principal plus the contingent coupon then due. If not called, principal protection at maturity depends on the Final Underlier Value relative to the Barrier Value; a Final Underlier Value below the Barrier results in a pro rata loss of principal. The public offering price is 100.00% (proceeds to RBC 98.50%), and RBC’s initial estimated value was $964.70 per $1,000.

Royal Bank of Canada is offering $1,619,000 of Capped Return Notes linked to the SPDR® Gold Trust (GLD). The notes have a Participation Rate of 100%, a Maximum Return of 12.06% (capped payment $1,120.60 per $1,000) and a Minimum Return of -5% (minimum payment $950 per $1,000). The Trade Date is April 24, 2026, Issue Date April 29, 2026, Valuation Date May 7, 2027 and Maturity Date May 12, 2027. All payments are subject to the issuer’s credit risk and terms in the accompanying prospectus and supplements.

Royal Bank of Canada is offering $6,105,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the Bloomberg US Large Cap VolMax Index. The Notes pay a contingent monthly 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 (60% of the Initial Underlier Value). The Notes are callable beginning on the twelfth Coupon Observation Date if the Underlier is at or above the Initial Underlier Value; if called, investors receive principal plus any due Contingent Coupon. At maturity (April 29, 2031) unpaid contingent coupons may be paid with memory if conditions are met. Key structural levels: Initial Underlier Value 16,310.13, Coupon Threshold 9,786.08 (60%), Barrier Value 8,155.07 (50%). Public offering price is 100.00% ($6,105,000 aggregate); underwriting discount 0.90% ($54,945); proceeds to RBC 99.10% ($6,050,055). The issuer’s initial estimated value is $948.64 per $1,000, which is less than the public offering price. The Notes expose investors to index deductions (notional financing cost, 6% annual deduction factor, and transaction costs), daily rebalancing/leverage effects, credit risk of the Bank and potential U.S. federal tax uncertainty.

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to the common stock of Netflix, Inc. The notes pay contingent quarterly coupons of $25 per $1,000, include a 27.44% buffer and may be automatically called if the Underlier meets the call condition. Issue terms include a Trade Date of April 24, 2026, Issue Date April 29, 2026, Valuation Date May 6, 2027 and Maturity Date May 11, 2027. Payments at maturity depend on the Final Underlier Value versus the Buffer Value and are subject to the Bank’s credit risk.

Royal Bank of Canada is offering Dual Directional Buffer Digital Notes linked to the S&P 500 Index. The aggregate offering size is $4,145,000 at par with a minimum investment of $1,000. Key economic terms: an Initial Underlier Value of 7,165.08, a Buffer Value of 6,161.97 (86% of initial), a Digital Barrier Value of 6,591.87 (92% of initial), a Digital Return of 8% and a Buffer Percentage of 14%. Issue Date is April 29, 2026; Valuation Date is May 24, 2027; Maturity Date is May 27, 2027. Payments at maturity depend on the Final Underlier Value: investors may receive the Digital Return if the Final Underlier Value ≥ Digital Barrier, a positive capped payment if Final Underlier Value is between the Digital Barrier and Buffer, or bear losses below the Buffer (losses can be substantial). All payments are subject to the Bank's credit risk and various tax and market-risk considerations.

Royal Bank of Canada is offering $885,000 of Dual Directional Buffer Digital Notes linked to the S&P 500® Index, with a Trade Date of April 24, 2026, Issue Date April 29, 2026, Valuation Date July 9, 2027 and Maturity Date July 14, 2027. Payments at maturity depend on the Final Underlier Value versus a Digital Barrier (93.80% of the Initial Underlier Value) and an 80% Buffer Value. The notes pay a fixed Digital Return of 6.20% if the Final Underlier Value is at or above the Digital Barrier; they provide a capped positive payout when the Underlier falls between the Digital Barrier and Buffer (absolute negative return up to 20%), and expose investors to principal loss if the Final Underlier Value is below the Buffer. The initial estimated value is $988.05 per $1,000 principal amount; proceeds to the issuer equal the offering amount. All payments are subject to Royal Bank of Canada credit risk.