Royal Bk Can SEC Filings

Royal Bank of Canada (RY) is issuing $5.643 million of Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Truist Financial Corporation (TFC). The three-year notes pay a contingent coupon of 11.80% p.a. (2.95% quarterly) if, on the relevant observation date, TFC closes at or above the Coupon Threshold of 65% of its initial level ($25.88). Quarterly from December 2025 onward, if TFC’s closing price is at or above the Initial Underlier Value of $39.81, the notes are automatically called at 100% of par plus the coupon, ending further obligations.

If the notes are not called, principal is protected only as long as the Final Underlier Value ≥ 65% of the initial level. Should TFC finish below that barrier, investors receive physical delivery of TFC shares (≈25.12 shares per $1,000) worth less than par and possibly zero. All payments are subject to RY’s credit risk; the notes are senior unsecured and unsubordinated obligations, not CDIC or FDIC insured.

Pricing terms show a 1.85% underwriting spread and an initial estimated value of $979.36 per $1,000, reflecting distribution costs and hedging. Minimum investment is $1,000, and the notes will not be listed on any exchange, limiting liquidity. Key dates include Trade Date 20-Jun-2025, Issue Date 25-Jun-2025, Valuation Date 21-Jun-2027, and Maturity 24-Jun-2027.

Investor profile: suitable for investors seeking enhanced income linked to TFC with moderate downside protection, willing to accept equity risk, call risk, issuer credit risk, and limited secondary market liquidity.

Royal Bank of Canada (RY) has filed a preliminary 424B2 pricing supplement for a new structured product: Auto-Callable Contingent Coupon Barrier Notes linked to Meta Platforms, Inc. (Class A) common stock, maturing 12 August 2026. The notes are part of RBC’s Senior Global Medium-Term Notes, Series J.

Key economic terms:

• Coupon: 12.24% p.a. (1.02% monthly) paid only if the underlying share price is ≥ 70% of the initial value on each monthly observation date.
• Auto-call: Beginning 7 January 2026 (the 6th observation), the notes are automatically redeemed at par plus coupon if Meta’s closing price is ≥ initial value on any monthly observation date.
• Principal protection: Contingent. At maturity, if not previously called and Meta remains ≥ 70% of initial value, holders receive par; otherwise they receive a physical delivery amount of META shares worth less than, and possibly equal to zero versus, the $1,000 face value.
• Issue economics: Price to public 100%; underwriting discount 1.50%; proceeds to RBC 98.50%. Initial estimated value expected between $920 and $970, below the $1,000 offering price.
• Key dates: Trade 7 Jul 2025, Issue 10 Jul 2025, Valuation 7 Aug 2026, Maturity 12 Aug 2026.

Risk highlights: payments depend on both Meta share performance and RBC credit; no exchange listing; secondary market liquidity uncertain; investors may receive no coupons and face substantial principal loss below the 70% barrier.

This filing does not include earnings data or materially change RBC’s balance-sheet outlook, but it offers investors a high-coupon, high-risk exposure to Meta with contingent downside and call features that favor the issuer.

Royal Bank of Canada is offering $407,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the Bloomberg US Small Cap VolMax Index, due June 24, 2032. The notes feature:

• Monthly Contingent Coupons at 13.10% per annum if the index closes at or above the 60% Coupon Threshold
• Automatic Call Feature starting after one year if index closes at or above initial value of 766.37
• Principal Protection at maturity if index remains above 40% Barrier Value (306.55)
• Downside Risk of 1:1 losses if index falls below Barrier Value

The initial estimated value is $915.48 per $1,000 principal amount, below the public offering price. The notes involve credit risk of Royal Bank of Canada and will not be listed on any securities exchange. Underwriting discount is 1.00% ($4,070 total), with selling concessions up to $10.00 per $1,000 principal amount.

Royal Bank of Canada (RY) has filed a 424B2 pricing supplement for a $107 million issuance of Redeemable Fixed Rate Notes due December 4, 2026. The senior unsecured notes carry a 4.40% fixed coupon paid semi-annually on December 24 2025, June 24 2026 and at maturity. The final coupon period is shortened from June 24 2026 to the maturity date.

Optional redemption: RBC may call the notes in whole on the single Call Date of June 24 2026 (10 business days’ prior notice). If called, investors receive par plus accrued interest and no further payments.

Issue economics: Price to public 100%, underwriting concession 0.039% (≈$0.40 per $1,000). Net proceeds to RBC equal 99.961% of principal, or $106,957,895.50. RBC Capital Markets, LLC is both calculation agent and lead underwriter; Wells Fargo Securities acts as co-agent.

Structure-specific risks: 1) Early call risk may force reinvestment at lower rates; 2) senior unsecured status exposes holders to RBC credit risk; 3) the notes are bail-inable under Canada’s CDIC Act, meaning principal could be converted into RBC common shares or written down if regulators trigger bail-in powers; 4) no listing or expected active secondary market could limit liquidity and widen bid/ask spreads.

Use of proceeds and financial impact are not disclosed, but given RBC’s scale the $107 million size appears immaterial to the bank’s capital structure. Investors should review accompanying prospectus, supplement and product supplement for full terms and additional risk factors.

Royal Bank of Canada (RY) has filed a $5 million 424B2 pricing supplement for Auto-Callable Fixed Coupon Barrier Notes with Daily Barrier Observation due 25 June 2026. The Notes reference the Nasdaq-100, Russell 2000 and S&P 500; performance is determined by the least-performing index.

Fixed income profile

• Coupon: 11.65% p.a. (0.9708% monthly) paid so long as the Notes have not been called.
• Auto-call: Monthly, beginning Sept 22 2025. If every index closes ≥ its initial value on an observation date, investors receive $1,000 principal plus the scheduled coupon and the Notes terminate.
• Barrier protection: 70% of each index’s initial value, monitored daily. If a Barrier Event occurs and the final level of the worst index is < its initial value, redemption is principal-at-risk, reduced 1% for each 1% decline in that index.
• Maturity payment: If not previously called and the barrier is never breached or the worst index finishes ≥ its initial, investors receive full principal plus coupon; otherwise, repayment is reduced as above.

Key economics

• Issue price 100%; estimated initial value $993.06 (≈99.3%) indicating built-in costs.
• Underwriting discount 0.20% ($10,000); net proceeds to RY 99.80%.
• Minimum denomination: $1,000; CUSIP 78017PAN1.
• The Notes are senior unsecured obligations of RY, subject to the bank’s credit risk, not CDIC/FDIC insured and will not be exchange-listed.

Investors are exposed to equity market downside beyond the 30% buffer, limited upside (fixed coupon), potential early call and secondary-market illiquidity. Comprehensive risk factors are provided on page P-7 of the supplement.

Royal Bank of Canada (RY) has filed a preliminary Rule 424(b)(2) pricing supplement for the issuance of Step-down Auto-Callable Barrier Notes maturing 25 June 2030. The notes are senior unsecured obligations linked to the least-performing of two equity indices: the Russell 2000 Index (RTY) and the EURO STOXX 50 Index (SX5E).

Key structural features

• Principal amount: minimum US $1,000 and integral multiples thereof.
• Call observation dates: Annual, starting 30 Jun 2026 and ending on the valuation date 20 Jun 2030.
• Automatic call: If, on any observation date, both indices close at or above the applicable Call Value (initial level on years 1-4, 70% of initial level on year 5), the notes are redeemed early for a steadily increasing call return of at least 10.60% per annum. Minimum potential payouts range from $1,106 to $1,530 per $1,000 note.
• Contingent principal protection: If not called, final repayment of principal depends on the 65% barrier. Investors receive full principal only when the worst-performing index is at or above 65% of its initial level on the valuation date; otherwise they incur a 1% loss of principal for every 1% decline in that index.
• No periodic coupons: the notes pay no interest.
• Pricing: Offered at 100% of face; underwriting discount 0.30%. The initial estimated value is expected between $925 – $975 per $1,000 note, i.e. below the offering price.
• Credit & liquidity: Payments rely solely on Royal Bank of Canada’s credit; the notes are not FDIC/CDIC insured, not bail-inable, and will not be listed on any securities exchange, limiting secondary-market liquidity.

Risk highlights (pages P-7 and accompanying documents) include potential loss of principal, equity-market volatility, issuer credit risk, valuation uncertainties, and conflicts of interest with RBCCM acting as calculation agent and underwriter.

Royal Bank of Canada is offering $1.67 million in Auto-Callable Contingent Coupon Barrier Notes linked to the performance of the Russell 2000® Index and EURO STOXX 50® Index, due June 22, 2029. The notes feature:

• Contingent Quarterly Coupons at 8.25% per annum if both indices are above 70% of initial values
• Automatic Call Feature after first year if both indices are at/above initial values, paying 100% principal plus coupon
• Principal Protection at maturity if the worst-performing index stays above 70% of initial value
• Downside Risk - 1:1 loss if worst-performing index falls below 70% barrier

Initial values are 2,112.964 for Russell 2000 and 5,266.91 for EURO STOXX 50, with 70% barriers at 1,479.075 and 3,686.84 respectively. The offering price is 100% with 2.35% underwriting discount. The initial estimated value is $958.29 per $1,000 principal amount, below the offering price.