Every 424B that Royal Bank of Canada (RY) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow RY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RY filings page.
Royal Bank of Canada is offering structured, non‑interest bearing senior notes linked to a weighted basket of five international indices with $2,950,000 aggregate principal (issuable in $1,000 notes and subject to increase at the issuer's option). The notes may be automatically called on June 7, 2027 and mature on June 1, 2028.
If the basket closing level on the call observation date is at or above 100.00% of the initial basket level, holders will receive $1,000 plus an 11.77% call premium ($1,117.70 per $1,000). If not called, maturity payment depends on the basket return from the trade date (May 29, 2026) to the determination date (May 30, 2028): an upside participation rate of 150% applies to gains, a 90.00% buffer level preserves principal only if the final basket level is ≥90.00% of initial, and losses below the buffer reduce principal (approximately 1.1111% loss for each 1% the final basket level is below the buffer). The initial estimated value on the trade date was $972.63 per $1,000 principal amount, which is below the original issue price. Readers should review risk disclosures and tax sections for further detail.
Royal Bank of Canada is offering three series of Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index with separate maturities and terms. The three tranches show principal amounts of $589,000, $571,000 and $683,000, with participation rates of 130%, 160% and 190% and valuation dates on May 29, 2029, May 29, 2030 and May 29, 2031, respectively. The Notes pay at maturity either par plus the Participation Rate times the Underlier Return if the Final Underlier Value is greater than the Initial Underlier Value, or return of principal ($1,000 per $1,000) if the Final Underlier Value is less than or equal to the Initial Underlier Value. The Notes are unsecured debt of the Bank, subject to the Bank’s credit risk, include multiple index-specific fees (a 0.5% annual decrement plus transaction and funding costs) that reduce index performance, and are offered under a December 20, 2023 prospectus and related supplements.
Royal Bank of Canada is offering $739,000 aggregate principal amount of Capped Enhanced Return Barrier Notes linked to the Solactive Equal Weight U.S. Semi Conductor Select AR Index. The Notes pay at maturity depending on the index performance, with a 300% Participation Rate subject to a 146% Maximum Return (maximum maturity payment $2,460 per $1,000). A Barrier set at 70% of the Initial Underlier Value protects principal only if the Final Underlier Value stays at or above that level; if the Final Underlier Value is below the Barrier, holders suffer proportional losses. Trade Date is May 29, 2026, Issue Date June 3, 2026, and Maturity Date June 3, 2031. All payments are subject to the issuer’s credit risk.
Royal Bank of Canada is offering $525,000 aggregate principal amount of Auto-Callable Contingent Coupon Geared Buffer Notes linked to the common stock of The Charles Schwab Corporation. The Notes pay quarterly contingent coupons of $25 per $1,000, are callable quarterly if the Underlier is at or above the Initial Underlier Value, and mature on June 15, 2027 with principal protection only above a Buffer Value equal to 78.05% of the Initial Underlier Value. Payments and market value are subject to RBC credit risk, call treatment, and the contingency rules described in the pricing supplement.
Royal Bank of Canada is offering $860,000 of Capped Return Dual Directional Buffer Notes linked to the Nasdaq-100 Index®. The Notes have a Trade Date of May 29, 2026, Issue Date June 3, 2026, Valuation Date May 30, 2028 and Maturity Date June 2, 2028.
Per $1,000 principal, investors pay the public offering price of $1,000 (100.00%). The Notes offer a Participation Rate of 100% capped by a Maximum Upside Return of 23% (maximum payment $1,230). A Buffer Percentage of 15% protects against losses up to that amount; if the Underlier declines beyond the buffer, principal is reduced by the excess loss. The initial estimated value is $973.28 per $1,000 principal amount, below the offering price. All payments are subject to the issuer's credit risk and the pricing supplement includes tax and risk disclosures.
Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index. The offering aggregates $219,000 at a public offering price of 100.00% (minimum investment $1,000). The notes pay at maturity either the principal or a return equal to 107% of the Underlier Return if the final index value exceeds the initial value. Key dates: Trade Date: May 29, 2026, Issue Date: June 3, 2026, and Maturity Date: June 1, 2029. The initial estimated value is $952.01 per $1,000. Payments are subject to the Bank’s credit risk and the Underlier is subject to multiple fees and funding/transaction costs, including a 0.5% per annum decrement fee and additional transaction and funding costs that historically averaged 0.83% per annum.
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 lists a total public offering price of $651,000. The Notes mature on June 3, 2031 and pay at maturity based on the Final Underlier Value relative to the Initial Underlier Value and a Barrier set at 75% of the Initial Underlier Value.
Key economic terms: a Participation Rate of 300% subject to a Maximum Return of 83.25%, an Initial Estimated Value of $901.19 per $1,000 principal amount, and a Barrier Value of 24,187.99 (75% of the Initial Underlier Value). All payments are subject to the Bank’s credit risk; investors could lose a substantial portion or all principal if the Final Underlier Value is below the Barrier.
Royal Bank of Canada (RBC) is offering Accelerated Return Notes linked to the Invesco S&P 500® Equal Weight ETF (RSP), due August 2027. The notes have a $10.00 principal per unit and an approximate 14‑month term. Investors receive 300% participation in upside subject to a Capped Value that the term sheet pins between $10.95 and $11.35 (a 9.50% to 13.50% return). If the Ending Value is below the Starting Value, investors lose a corresponding portion of principal; payments are unsecured and subject to RBC credit risk. The initial estimated value on the pricing date is stated as between $9.18 and $9.68 per unit; the public offering price is $10.00 per unit, reduced by an underwriting discount of $0.175 and a hedging charge of $0.05 per unit. The notes have limited secondary market liquidity and are not exchange listed.
Royal Bank of Canada is offering $11,219,000 of Redeemable Fixed Rate Notes. The Notes pay 6.00% per annum, have an issue date of June 2, 2026 and mature on June 2, 2051. Interest is paid annually on June 2 beginning June 2, 2027.
The Notes are redeemable at the Bank's option on any Call Date beginning June 2, 2030 with 10 business days' prior notice. All payments are subject to the Bank's credit risk and the Notes are bail-inable under the CDIC Act, meaning they may be converted into common shares under that regime.
Royal Bank of Canada is offering fixed coupon Geared Buffer Notes linked to the common stock of Amazon.com, Inc. Investors receive monthly Fixed Coupons and, at maturity, either principal in cash if the Final Underlier Value is at or above an 80% Buffer Value or a delivery of a fixed number of Amazon shares per $10,000 principal if the Final Underlier Value is below the Buffer Value. Key dates include a Strike Date: May 29, 2026, Trade Date: June 4, 2026, Issue Date: June 9, 2026, Valuation Date: November 30, 2026 and Maturity Date: December 7, 2026. All payments are subject to the issuer’s credit risk and the pricing supplement emphasizes limited secondary‑market liquidity and tax uncertainty.
Royal Bank of Canada is offering Fixed Coupon Geared Buffer Notes linked to the Class A common stock of Alphabet Inc. (GOOGL). The Notes pay a monthly fixed coupon of $65.667 per $10,000 principal amount, provide an 80% buffer (the Buffer Value) relative to the Initial Underlier Value, and mature on December 7, 2026. If the Final Underlier Value is at or above the Buffer Value, investors receive $10,000 principal back at maturity plus the fixed coupon; if below the Buffer Value, investors receive a physical delivery of GOOGL shares equal to the Physical Delivery Amount, which could be worth less than principal. The initial estimated value is stated to be between $9,375.00 and $9,875.00 per $10,000 principal amount and will be less than the public offering price. The offering price is 100.00% with underwriting discounts of 0.50%. All payments are subject to Royal Bank of Canada credit risk and significant tax and market risks are disclosed.
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 notes have a $1,000 minimum denomination, trade date June 26, 2026, issue date June 30, 2026, valuation date June 26, 2031 and maturity date June 30, 2031. The initial estimated value is expected between $880.00 and $930.00 per $1,000 principal amount and the public offering price is 100.00%. Key payoff features: a Barrier Value at 70% of initial level, a Digital Return of at least 60% (to be set on the Trade Date), and payoff formulas that can produce up to +30% capped upside on negative returns or full principal loss if the least performing Underlier closes below its Barrier Value. Payments are subject to Royal Bank of Canada credit risk and the offering includes an underwriting discount of 3.50%.
Royal Bank of Canada is offering three separate Capped Return Dual Directional Buffer Notes linked respectively to the Nasdaq-100 Index (NDX), Russell 2000 Index (RTY) and EURO STOXX 50 Index (SX5E). Each $1,000 note has a Buffer Percentage of 15%, a Participation Rate of 100% and a capped upside (cover page shows at least 19%–20% depending on the Underlier). Trade Date is June 25, 2026, Issue Date June 30, 2026, Valuation Date June 26, 2028 and Maturity Date June 29, 2028. Payments at maturity depend on the Final Underlier Value relative to the Initial Underlier Value and the Buffer Value (85% of Initial Underlier Value); all payments are subject to RBC credit risk.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to the Russell 2000® Index. The notes have a Trade Date of June 25, 2026, an Issue Date of June 30, 2026, a Valuation Date of June 25, 2029, and a Maturity Date of June 28, 2029. Investors receive at least $1,120 per $1,000 if the notes are automatically called on the Call Observation Date; otherwise payments at maturity depend on the Final Underlier Value relative to the Initial Underlier Value and a 75% Barrier and 125% Participation Rate. The initial estimated value is expected between $915.00 and $965.00 per $1,000 and the public offering price is 100% with an underwriting discount of 2.50%. All payments are subject to RBC credit risk and significant secondary-market liquidity, pricing and tax uncertainties described in the pricing supplement.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an unequally weighted basket of five indices with a Trade Date of June 26, 2026, an Issue Date of June 30, 2026 and a stated Maturity Date of June 30, 2031. The Notes pay an automatic call payment (example shown) of at least $1,120 per $1,000 principal if the Basket on the Call Observation Date is at or above the Initial Basket Value; otherwise payments at maturity depend on the Final Basket Value, a Participation Rate of 125% and a Barrier Value equal to 75% of the Initial Basket Value. The pricing supplement discloses an initial estimated value range of $890 to $940 per $1,000 and an underwriting discount of 3.50%. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada offers market-linked, auto-callable senior notes linked to the EURO STOXX 50® Index due July 5, 2029. The securities feature an automatic call opportunity on July 2, 2027 with a call premium of at least $115.00 per $1,000 face amount. If not called, maturity payoff provides 150% upside participation on positive index returns, a 15% downside buffer and 1-to-1 downside exposure beyond that buffer, exposing holders to losses up to 85% of face amount. There are no periodic interest payments and all payments are subject to the issuer's credit risk.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to an equally weighted basket of five large U.S. bank stocks: Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo. The Notes have a Trade Date of June 30, 2026, Issue Date July 6, 2026, Valuation Date June 29, 2029 and Maturity Date July 5, 2029. If the Basket is at or above its initial level on the Call Observation Date, the Notes auto-call for at least $1,165 per $1,000 principal. If not called, the Notes pay at maturity either participation of 150% of positive Basket performance, return of principal if the Final Basket Value is at or above the Barrier Value (70), or a loss proportional to the Basket Return if the Final Basket Value is below the Barrier.
Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes linked to a five-stock equally weighted basket (Adobe, Salesforce, Microsoft, Oracle, Palo Alto Networks). The Notes have a Trade Date of June 30, 2026, Issue Date July 6, 2026, Valuation Date June 29, 2029 and Maturity Date July 5, 2029. If the Basket is at or above its Initial Basket Value on the Call Observation Date, the Notes will be automatically called for a payment to be determined on the Trade Date (an illustrative automatic-call payment shown is $1,210 per $1,000). If not called, final payoffs at maturity depend on the Final Basket Value, a Barrier of 70% of the Initial Basket Value and a Participation Rate of 125%. The initial estimated value is stated as between $890 and $940 per $1,000, below the public offering price. All payments are subject to Royal Bank of Canada credit risk and the pricing supplement lists material risks, tax considerations and distribution conflicts.
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 and Palo Alto Networks. The Notes have a Trade Date of June 25, 2026, an Issue Date of June 30, 2026 and a Maturity/Valuation date in June 2029. The Notes can be automatically called on a Call Observation Date with a minimum call payment of $1,170 per $1,000 (117%). If not called, the Notes pay at maturity based on the Final Basket Value, with a Participation Rate of 125% for upside and a Barrier Value of 70% of the Initial Basket Value; if the Final Basket Value is below the barrier, principal is exposed to downside. The initial estimated value is expected between $870.00 and $920.00 per $1,000 principal amount, while the public offering price is par. All payments are subject to the issuer's 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 an equally weighted basket of five large U.S. bank stocks.
The Notes have a public offering price of $1,000 per $1,000 principal amount (100.00%), an initial estimated value expected between $900.00 and $950.00 per $1,000, a Participation Rate of 150%, a Barrier at 70 (70% of the Initial Basket Value), a Trade Date of June 25, 2026, Issue Date June 30, 2026, Valuation Date June 25, 2029, and Maturity Date June 28, 2029. If automatically called on the Call Observation Date, the illustrative call payment is at least $1,130 per $1,000 principal amount.
Royal Bank of Canada is offering principal-protected-style structured notes linked to a weighted basket of five international indices, maturing in roughly 20–23 months. Each note has a $1,000 principal amount and does not pay interest. The notes return is based on the basket return with an upside participation rate of 180%, a buffer level of 85.00% and a capped payout (maximum settlement amount expected between $1,232.92 and $1,273.96 per $1,000). If the final basket level is at or above the buffer level you may receive at least principal; if it is below the buffer you may suffer a loss, potentially up to the full principal. The initial estimated value is expected to be between $962.60 and $992.60 per $1,000, which is less than the original issue price.
Royal Bank of Canada priced $750,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the EURO STOXX Banks Index and the State Street Technology Select Sector SPDR ETF, due June 1, 2029. The notes pay a contingent quarterly coupon of $38.75 per $1,000 when both underliers meet their coupon thresholds, are callable quarterly if both underliers are at or above their initial levels on a Call Observation Date, and return principal at maturity only if the least performing underlier finishes at or above its 70% barrier; otherwise investors suffer pro rata principal losses. The initial estimated value was $966.52 per $1,000, below the public offering price; underwriting discount is 1.00%.
Royal Bank of Canada is offering $750,000 aggregate principal amount of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the VanEck® Semiconductor ETF and the EURO STOXX® Banks Index, due June 1, 2029. The Notes pay quarterly contingent coupons of $40.00 per $1,000 (16.00% per annum) when each Underlier meets a 55% Coupon Threshold and are auto-callable on quarterly observation dates if both Underliers are at or above their initial values; payments at maturity depend on the Final Underlier Value of the Least Performing Underlier.
Royal Bank of Canada is offering U.S. dollar‑denominated, non‑interest bearing structured notes linked to the S&P 500® Index with a term expected between 14 and 16 months. Each note has a $1,000 principal amount and principal repayment at maturity depends on the index performance, a 10.00% buffer, a 130% upside participation rate and a capped return (maximum settlement amount expected between $1,151.84 and $1,178.49 per $1,000).
The notes pay at maturity: if the final index level is above the initial level you may receive an upside up to the cap; if the final level is between 90.00% and the initial level you receive the principal amount; if below 90.00% you incur a pro rata loss and could lose all principal. Payment and valuation are subject to issuer credit risk, calculation agent determinations and potential market disruption adjustments.
Royal Bank of Canada is offering Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index (SPMKTD). The Notes mature on July 6, 2029 with a valuation date of July 2, 2029. Per $1,000 principal, if the Final Underlier Value is greater than the Initial Underlier Value, investors receive $1,000 + ($1,000 × Underlier Return × Participation Rate). If the Final Underlier Value is less than or equal to the Initial Underlier Value, investors receive $1,000.
The Participation Rate will be set on the Trade Date and is at least 105%. The Notes are offered at par ($1,000 per $1,000 principal amount); the initial estimated value is expected to be between $898.10 and $948.10 per $1,000. The Underlier is subject to a 0.5% per annum decrement fee plus transaction and funding costs that will reduce index performance. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering three separate Capped Return Dual Directional Buffer Notes, each linked to a different equity index (NDX, SPX, SX5E). Each offering is sold at par per $1,000 principal amount, with a Participation Rate of 100%, a Buffer Percentage of 15%, and a capped upside (Maximum Upside Return determined on the Trade Date). The Notes mature on July 6, 2028 with a Valuation Date of June 30, 2028 and pay at maturity based on the Final Underlier Value relative to the Initial Underlier Value and the Buffer Value (85% of the Initial Underlier Value). All payments are subject to Royal Bank of Canada credit risk; secondary market liquidity may be limited and the initial estimated value is expected to be less than 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 the VanEck Semiconductor ETF and the SPDR S&P Oil & Gas E&P ETF. The Notes pay a contingent quarterly coupon of $39.00 per $1,000 when both underliers meet a 55% coupon threshold, are callable quarterly if both underliers are at or above their initial values on a Call Observation Date, and mature on June 1, 2029. At maturity, if not called, repayment depends on the Final Underlier Value of the least performing underlier relative to its 55% barrier: investors receive full principal if the least performing underlier is >= barrier, otherwise they suffer principal loss proportional to the underlier return. The initial estimated value is $977.73 per $1,000 and the public offering price is 100% (with 1% underwriting discount).
Royal Bank of Canada is offering $750,000 of Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of the VanEck Semiconductor ETF (SMH) and the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The Notes pay a contingent quarterly coupon of $43.75 per $1,000 (17.50% per annum) when each Underlier meets a 60% Coupon Threshold on observation dates, are callable early if both Underliers are at or above their Initial Underlier Values on a Call Observation Date, and mature on June 1, 2029 with principal repayment tied to the Final Underlier Value of the least performing Underlier. The initial estimated value was determined as $976.92 per $1,000 on the Trade Date; the public offering price is par. Payments, including contingent coupons and any principal at maturity, are subject to the Bank’s credit risk, and if the least performing Underlier finishes below its Barrier (60% of Initial Underlier Value), investors can lose a substantial portion or all of principal.
Royal Bank of Canada is offering $906,000 of Capped Enhanced Return Geared Buffer Notes linked to the S&P 500® Futures Excess Return Index. The notes mature on November 2, 2028 with a valuation date of October 30, 2028. Investors receive upside equal to 120% of positive index performance capped at a 50% Maximum Return and protected on the downside by a 27% buffer (Buffer Value = 73% of the Initial Underlier Value). If the Final Underlier Value falls below the Buffer Value, losses are allocated using a Downside Multiplier of approximately 1.36986. Payments are subject to the Bank's credit risk. The public offering price is 100% (par) and the initial estimated value is $967.64 per $1,000 principal amount.
Royal Bank of Canada offers Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index. The Notes pay at maturity per $1,000 principal based on the Index performance with a 15% buffer, a 300% participation rate (capped by a Maximum Return of 22%–24% to be set on the Trade Date), and a two-year term (Trade Date June 30, 2026, Issue Date July 6, 2026, Valuation Date June 30, 2028, Maturity Date July 6, 2028).
If the Final Underlier Value is at or above the Initial Underlier Value, investors receive upside up to the Maximum Return; if the Final Underlier Value falls but remains at or above 85% of the Initial Underlier Value (the Buffer Value), investors receive principal; if it falls below the Buffer Value investors lose an amount equal to the Underlier Return minus the 15% buffer. All payments are subject to Royal Bank of Canada credit risk. The public offering price is par (100%), underwriting spread 1.00%, and the issuer expects the initial estimated value to be between $918.30 and $968.30 per $1,000 principal amount.
Royal Bank of Canada is offering three separate Capped Enhanced Return Buffer Notes linked to the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX) indices. Each $1,000 note has a 10% buffer, a capped Maximum Return (NDX 23%–25%, RTY 25%–27%, SPX 19%–21%), and a stated Participation Rate (125% or 150%). Trade Date is June 25, 2026, Issue Date June 30, 2026, Valuation Date June 26, 2028, and Maturity Date June 29, 2028. Payments at maturity vary by final index performance: gains are paid subject to the Participation Rate and the Maximum Return; losses beyond the 10% buffer reduce principal. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering three separate Capped Enhanced Return Buffer Notes linked to the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX) indices. Each note has a 10% buffer, a 150% participation rate (capped by a trade-date Maximum Return), a two-year term with Trade Date June 30, 2026, Issue Date July 6, 2026, Valuation Date June 30, 2028 and Maturity Date July 6, 2028. Payment at maturity depends on the Underlier Return: positive returns are multiplied by 150% up to the Maximum Return; declines within the 10% buffer return principal; larger declines reduce principal dollar-for-dollar below the buffer. Public offering price is 100.00% of principal; underwriting discount is 1.00%, proceeds to the issuer 99.00%. All payments are subject to Royal Bank of Canada credit risk and secondary market liquidity may be limited.
Royal Bank of Canada is offering debt securities—Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index that mature on December 31, 2029. The Notes pay, at maturity, principal plus an index-linked upside if the Final Underlier Value exceeds the Initial Underlier Value, using a Participation Rate of at least 100% (to be set on the Trade Date). The Notes return only principal if the Final Underlier Value is less than or equal to the Initial Underlier Value. The offering price is 100.00% of principal with underwriting discounts of 3.00%; initial estimated value is disclosed as a range below the offering price. All payments are subject to Royal Bank of Canada credit risk and the Notes reflect deductions (decrement, funding and transaction costs) that reduce Underlier performance.
Royal Bank of Canada is offering $1,375,000 of Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of Caterpillar Inc. and General Electric Company. The Notes pay a quarterly contingent coupon of $157.50 per $5,000 (12.60% annualized if paid), may be auto-called quarterly if both underliers are at or above their initial values, and mature on December 2, 2027 with physical delivery of the least performing underlier if that underlier finishes below a 50% barrier. The initial estimated value per $5,000 note is $4,858.97 and the public offering price is par. All payments are subject to the Bank’s credit risk and the Notes involve significant risks described in the "Selected Risk Considerations" section.
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 June 25, 2026, an Issue Date of June 30, 2026, a Valuation Date of June 26, 2028, and a Maturity Date of June 29, 2028. The Notes pay per $1,000 principal amount based on the Underlier Return with a Participation Rate of 100%, a Buffer Percentage of 10%, and a Maximum Upside Return of at least 18.75%. If the Final Underlier Value is between the Initial Underlier Value and the Buffer Value (90% of initial), investors receive a positive payment equal to the absolute value of the negative Underlier Return (capped at 10%). If the Final Underlier Value is below the Buffer Value, principal loss occurs equal to Underlier Return plus the 10% buffer. All payments are subject to the Bank’s credit risk.
Royal Bank of Canada is offering Capped Enhanced Return Buffer Notes linked to the EURO STOXX 50® Index due June 29, 2028. The Notes pay up to a Maximum Return of 19%–21% (to be set on the Trade Date) and provide a 15% buffer against losses in the Underlier. The Participation Rate is 200% (subject to the Maximum Return). Notes are sold at par with an underwriting discount of 2.25%; the initial estimated value is $900.90–$950.90 per $1,000. If the Final Underlier Value falls below the Buffer Value (85% of the Initial Underlier Value), principal is reduced by the Underlier loss net of the 15% buffer. All payments are subject to Royal Bank of Canada'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 with a $1,000 principal amount per Note. The Trade Date is June 25, 2026, Issue Date June 30, 2026, Valuation Date June 25, 2031 and Maturity Date June 30, 2031. Investors receive at maturity either principal plus a leveraged upside payment if the Final Underlier Value exceeds the Initial Underlier Value (payment = $1,000 + $1,000 × Underlier Return × Participation Rate) or repayment of $1,000 if the Final Underlier Value is less than or equal to the Initial Underlier Value. The Participation Rate will be at least 140%, to be set on the Trade Date. The public offering price is 100% of principal and underwriting discounts equal 4.00%. The initial estimated value is stated between $859.70 and $909.70 per $1,000 principal amount, and all payments are subject to the issuer’s credit risk.
Royal Bank of Canada (RBC) is offering Accelerated Return Notes linked to the EURO STOXX 50® Index with a term of approximately 14 months maturing in August, 2027. The notes have a $10.00 principal amount per unit and a public offering price of $10.00 per unit. Payments at maturity depend on the Ending Value relative to the Starting Value: if the Ending Value is greater, investors receive 3× the percentage gain up to a capped redemption (Capped Value between $11.55 and $11.95 per unit, representing a capped return of 15.50% to 19.50%); if Ending Value is equal, investors receive principal; if Ending Value is lower, investors lose a portion or all of principal. The initial estimated value range on the pricing date is $9.13 to $9.63 per unit. The notes are unsecured, not FDIC- or CDIC-insured, include an underwriting discount of $0.175 and a hedging-related charge of $0.05 per unit, and are subject to RBC credit risk. Secondary market liquidity is limited and the notes will not be exchange listed.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the least performing of three ETFs: IYR, SMH and XLP. The notes have a Trade Date of June 3, 2026, Issue Date of June 8, 2026, a Valuation Date of June 3, 2031 and a Maturity Date of June 6, 2031.
The notes pay a contingent monthly coupon of $11.667 per $1,000 (1.1667% monthly; 14.00% per annum) if, on each observation, every Underlier is at or above its Coupon Threshold (70% of the initial value). The notes are auto-callable on specified quarterly Call Observation Dates if each Underlier equals or exceeds its Initial Underlier Value; a call pays $1,000 plus the contingent coupon otherwise due.
At maturity (if not called), holders receive $1,000 if the least performing Underlier is at or above its Barrier (60% of initial); otherwise the investor receives $1,000 × (1 + Underlier Return of the Least Performing Underlier), which can result in substantial loss of principal. The public offering price is 100.00% with underwriting discounts of 3.625% and proceeds to the Bank of 96.375%. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Capped Enhanced Return Dual Directional Barrier Notes linked to the iShares® MSCI EAFE ETF with a Trade Date of June 30, 2026, an Issue Date of July 6, 2026, a Valuation Date of December 29, 2028 and maturity on January 4, 2029. Payments at maturity depend on the Final Underlier Value versus the Initial Underlier Value and a Barrier Value equal to 75% of the Initial Underlier Value. The notes offer a Participation Rate of 200% subject to a Maximum Upside Return of at least 22%. Per the pricing supplement, the public offering price is 100% of principal, underwriting discount is 1.00%, and proceeds to the issuer are 99.00% of principal. The initial estimated value is expected to be between $922.00 and $972.00 per $1,000 principal amount, which is less than the public offering price. All payments are subject to Royal Bank of Canada’s credit risk and the notes are not insured by deposit insurance.
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 indices. The Notes pay a contingent monthly coupon (at least $7.083 per $1,000, corresponding to at least 8.50% per annum if payable), may be automatically called on specified monthly observation dates, and mature on July 29, 2027 if not called. Investors receive principal at maturity unless the Final Underlier Value of the Least Performing Underlier is below its Barrier Value (75% of initial), in which case principal is reduced in proportion to that Underlier Return. The public offering price is 100.00% with underwriting discounts of 2.00%; the initial estimated value is stated between $909.00 and $959.00 per $1,000. The Notes are unsecured obligations of the Bank and are subject to the Bank's credit risk and the detailed risk disclosures in the accompanying prospectus and supplements.
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 trade on June 15, 2026, issue on June 18, 2026, and mature on June 21, 2030 with a valuation date of June 17, 2030.
Investors receive quarterly contingent coupons of at least $21.875 per $1,000 (at least 8.75% per annum) if each underlier meets its coupon threshold on observation dates. The notes are automatically called if all underliers are at or above initial values on a call observation date. A 70% barrier applies: if the least performing underlier finishes below its barrier at maturity, principal is reduced pro rata and investors may lose a substantial portion or all principal. The initial estimated value is expected between $890.00 and $940.00 per $1,000; public offering price is $1,000 with underwriting discounts of 2.50%.
Royal Bank of Canada offers Fixed Coupon Barrier Notes linked to Arm Holdings ADS. The Notes pay a monthly Fixed Coupon equal to $17.708–$18.542 per $1,000 (approximately 1.7708%–1.8542% per month, or 21.25%–22.25% per annum), determined on the Trade Date. If the Final Underlier Value on the Valuation Date is at or above a Barrier equal to 50% of the Initial Underlier Value, holders receive full principal at maturity; if below the Barrier, holders receive $1,000 × (1 + Underlier Return), which can result in a substantial or total loss of principal. Key dates: Trade Date June 15, 2026, Issue Date June 18, 2026, Valuation Date June 15, 2027, Maturity Date June 21, 2027. The public offering price is 100.00% ($1,000); underwriting discount is 1.50%, with proceeds to RBC of 98.50%. All payments are subject to Royal Bank of Canada’s credit risk and U.S. federal tax treatment is uncertain.
Royal Bank of Canada is offering five separate Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon, each linked to a single equity underlier: Broadcom (AVGO), Caterpillar (CAT), Carnival (CCL), Generac (GNRC) and Goldman Sachs (GS). Each note is sold in $1,000 minimum denominations and has a Trade Date of June 15, 2026, Issue Date June 18, 2026, Valuation Date June 15, 2029 and Maturity Date June 21, 2029. Contingent coupon rates per annum are set in ranges on the cover (approximately 10.25%–15.00% depending on the underlier) and, if payable, are paid quarterly with a memory feature. Notes are auto-callable on quarterly Call Observation Dates if the underlier closes at or above its Initial Underlier Value; if not called, principal repayment at maturity depends on the Final Underlier Value relative to the Barrier Value and may result in substantial principal loss. Public offering price is 100.00% (subject to concessions), underwriting discount is 2.50%, and proceeds to RBC are shown as 97.50% per $1,000 principal amount. All payments are subject to RBC credit risk and tax treatment is summarized with legal counsel opinion treating the Notes as prepaid financial contracts, subject to uncertainty and possible IRS disagreement.
Royal Bank of Canada is offering four separate Auto-Callable Contingent Coupon Barrier Notes with a Memory Coupon feature, each linked to a single equity underlier (IBM, ServiceNow, NRG Energy and Target). The Trade Date is June 15, 2026, Issue Date June 18, 2026, Valuation Date June 15, 2029 and Maturity Date June 21, 2029. Each note pays quarterly contingent coupons when the underlier meets its coupon threshold, can be auto-called on quarterly call observation dates if the underlier is at or above its initial value, and returns principal at maturity only if the final underlier value is at or above the barrier; otherwise investors suffer a loss tied to the underlier return.
Royal Bank of Canada offers structured notes linked to the EURO STOXX 50® Index. The notes are senior unsecured debt due in a term expected between 22 and 25 months from the trade date and do not pay interest. For each $1,000 principal amount, holders will receive a cash settlement at maturity that is capped at a threshold settlement amount (expected between $1,150.50 and $1,177.00) if the final index level is at or above 85.00% of the initial underlier level. If the final index level is below 85.00%, the payment declines pro rata and investors can lose a substantial portion or all of their principal. The initial estimated value at issuance is expected to be between $965.60 and $995.60 per $1,000 principal amount and will be less than the original issue price. The notes are unsecured, unlisted, not redeemable prior to maturity and subject to the issuer's credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to The Charles Schwab Corporation common stock. The notes pay a $25 contingent quarterly coupon per $1,000 if the underlier meets the coupon threshold and include a memory feature for unpaid coupons. The notes are automatically called if the underlier closes at or above the Initial Underlier Value on a Call Observation Date. Key economics: Initial Underlier Value $85.35, Coupon Threshold/Buffer Value $66.62 (78.05% of the Initial Underlier Value), Buffer Percentage 21.95%, Downside Multiplier ~1.28123. Issue Date is June 3, 2026 and Maturity Date is June 15, 2027. If not called, principal repayment at maturity depends on Final Underlier Value and can result in partial or total loss of principal. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering non‑interest, principal‑protected‑not‑fully notes linked to the S&P 500® Index. Each note has a $1,000 principal amount. The notes pay a capped threshold settlement amount if the final index level is ≥ 90.00% of the initial level; that threshold settlement amount is expected to be between $1,096.90 and $1,114.00 per $1,000 principal amount. If the final index level is below 90.00% of the initial level, the holder suffers a pro rata loss (approximately 1.1111% loss of principal for each 1% decline below the threshold); losses could be total. The issuer expects the initial estimated value on the trade date to be between $965.70 and $995.70 per $1,000. The notes bear no interest, will not be listed, are senior unsecured debt and are subject to the issuer's credit risk. Key commercial terms (trade date, determination date and stated maturity date) will be set in the final pricing supplement.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Netflix, Inc. The notes pay a monthly contingent coupon equal to $9.292 per $1,000 (approximately 11.15% per annum) if observation thresholds are met, and may be automatically called if the Underlier closes at or above the Initial Underlier Value on a Call Observation Date.
Key dates: Trade Date June 9, 2026, Issue Date June 12, 2026, Valuation Date July 9, 2027, Maturity Date July 14, 2027. The Barrier and Coupon Threshold equal 69% of the Initial Underlier Value; if the Final Underlier Value is below the Barrier, investors receive a Physical Delivery Amount of Netflix shares per $1,000 principal (which may be worth substantially less than principal). The public offering price is 100.00% per Note with underwriting discounts of 1.50%.
Royal Bank of Canada is offering three series of Enhanced Return Notes linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index. Each series has its own terms and payment mechanics. The Trade Date is May 29, 2026 and the Issue Date is June 3, 2026. For each $1,000 principal amount, if the Final Underlier Value is greater than the Initial Underlier Value, investors receive $1,000 + ($1,000 × Underlier Return × Participation Rate); otherwise investors receive $1,000.
Three offerings list Participation Rates of 130%, 160% and 190% with respective Valuation/Maturity Dates on the cover: Valuation Dates of May 29, 2029/May 29, 2030/May 29, 2031 and Maturity Dates of June 1, 2029/June 3, 2030/June 3, 2031. Public offering price is 100.00% of principal; underwriting discount is 1.00% and proceeds to RBC are 99.00%. Initial estimated value ranges are shown on the cover for each series (e.g., $917.00 to $967.00 for the 130% series).