ROYAL BANK OF CANADA SEC Filings

Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the common stock of Incorporated (ticker QCOM), maturing on July 20, 2029. Each note has a $1,000 principal amount and is issued at 100.00% of principal.

Investors may receive a $43.75 contingent coupon per $1,000 note each quarter (4.375% per quarter, 17.50% per annum) if, on the relevant observation date, the Underlier closes at or above the Coupon Threshold, set at 50% of the Initial Underlier Value. Missed coupons “memory” and can be paid on later dates when the condition is met. Beginning with the July 19, 2027 observation, the notes are automatically called if the Underlier is at or above its Initial Underlier Value, paying $1,000 plus any due and unpaid coupons.

If not called, at maturity investors receive $1,000 plus any applicable coupons if the Final Underlier Value is at or above the Barrier Value (also 50% of the Initial Underlier Value. If it is below, investors receive shares equal to the Physical Delivery Amount, which may be worth substantially less than principal, with no final coupon. Underwriting discounts are 2.35% (proceeds to RBC 97.65%), and the initial estimated value is expected between $914.00 and $964.00 per $1,000 note. Payments depend on RBC’s credit; the notes are not insured and are not bail-inable.

Royal Bank of Canada is issuing $4,572,000 in Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon linked to the least performing of Boeing and JPMorgan Chase common stock, part of its Senior Global Medium-Term Notes, Series J. The notes pay a contingent quarterly coupon of $22.50 per $1,000 (2.25% per quarter, 9.00% per year) only if on the prior observation date each underlier is at or above its coupon threshold, set at 50% of its initial value.

The notes may be automatically called quarterly if both underliers are at or above their initial values, returning $1,000 plus any due coupons per note. If not called, at maturity investors receive $1,000 per note if the least performing underlier finishes at or above its 50% barrier; otherwise repayment is reduced one-for-one with the underlier’s loss, potentially to zero. Initial underlier values are $223.11 for Boeing and $335.47 for JPMorgan, with barriers at $111.56 and $167.74. The price to the public is 100% of principal, with a 2.00% underwriting discount and $4,480,560 in proceeds to the bank. The initial estimated value is $976.67 per $1,000, reflecting structuring and hedging costs, and all payments are unsecured obligations subject to RBC’s credit and complex U.S. tax considerations.

Royal Bank of Canada is offering unsecured structured notes linked to the S&P 500 Index, maturing on September 15, 2027. Each note has a $1,000 principal amount, with $7,737,000 issued in aggregate, and pays no interest.

The payoff depends on index performance from the July 9, 2026 trade date to the September 13, 2027 determination date. Investors receive 130% of any index gain, capped at a maximum settlement amount of $1,168.35 per $1,000, corresponding to a cap level of 112.95% of the initial index level of 7,543.64. Principal is fully returned only if the final index level is at or above the 90% buffer level; below that, losses increase about 1.1111% for each 1% drop beyond the buffer, up to total loss of principal. The initial estimated value is $995.63 per $1,000, below the issue price, and the notes are not listed, are not insured, and are subject to Royal Bank of Canada’s credit risk.

Royal Bank of Canada is offering senior unsecured structured notes linked to the MSCI EAFE® Index, issued in $1,000 denominations, in U.S. dollars. The notes do not pay interest, are not listed, and are not redeemable prior to maturity.

At maturity (expected 23–26 months after the trade date), each $1,000 note pays a cash amount based on index performance. If the final index level is at least the threshold level of 87.50% of the initial level, investors receive a fixed threshold settlement amount, expected between $1,153.60 and $1,180.60 per $1,000, capping upside regardless of further index gains. If the final level is below the threshold, principal is exposed to losses, falling about 1.1429% of principal for every 1% the final level is below the threshold; investors may lose their entire investment.

The initial estimated value is expected between $958.80 and $988.80 per $1,000, below the issue price, reflecting internal funding and hedging costs. Payments depend on RBC’s credit; the notes are not insured by the FDIC or CDIC and are not bail-inable. The product also entails risks from non-U.S. equity and currency markets, limited liquidity, complex tax treatment, and potential conflicts of interest with RBC Capital Markets, LLC as calculation agent and market maker.

Royal Bank of Canada is issuing Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index. The notes pay a contingent coupon of $35.00 per $1,000 (3.50% per quarter, 14.00% per year) only if, on the relevant observation date, the index is at or above a coupon threshold equal to 70% of the initial index value. The notes can be automatically called quarterly if the index is at or above its initial value, in which case investors receive $1,000 plus the coupon and no further payments.

If not called, at maturity investors receive $1,000 per note if the final index value is at or above a buffer level of 85% of the initial value. If the final index value is below the buffer, repayment is reduced according to $1,000 + [$1,000 × (Underlier Return + 15%)], so investors can lose a substantial portion of principal. The initial estimated value is expected to be $891.50–$941.50 per $1,000, below the public offering price, reflecting underwriting discounts, referral fees and hedging costs. The underlier is an “excess return” volatility-target index with daily leverage, a 6% per annum deduction factor, a SOFR-based notional financing cost and transaction costs, all of which drag on index performance. All payments are subject to Royal Bank of Canada’s credit risk and involve complex tax and structural risks.

Royal Bank of Canada is offering market-linked, auto-callable structured notes linked to the common stock of NVIDIA Corporation, with a face amount of $1,000 per security. These senior unsecured debt securities are issued under RBC’s Medium-Term Notes, Series J program and are subject to RBC’s credit risk.

The notes may be automatically called on July 21, 2027 if NVIDIA’s closing value is at or above the starting value, paying $1,000 plus a call premium of at least 23.35% (at least $233.50) and ending the investment. If not called, at the July 19, 2029 maturity the payment per note depends on NVIDIA’s performance: 150% leveraged participation in positive returns; full principal back if the ending value is between the starting value and a 65% threshold; and 1:1 downside below the threshold, with losses that can exceed 35% of principal and reach 100%.

The notes pay no periodic interest, have limited liquidity, and their initial estimated value on the pricing date is expected to be $920–$970 per $1,000, below the original offering price due to internal funding, hedging costs and agent discounts. U.S. tax counsel expects treatment as prepaid derivative contracts, and the issuer notes uncertainty in U.S. tax and Section 871(m) outcomes.

Royal Bank of Canada reports the issuance of Senior Global Medium-Term Notes, Series J under its shelf registration statement on Form F-3 (File No. 333-275898). The report primarily provides legal and tax opinions from U.S. and Canadian counsel regarding the validity of the Notes and related U.S. and Canadian income tax matters.

Opinions are supplied by Sullivan & Cromwell LLP and Norton Rose Fulbright Canada LLP, along with their related consents. The document is signed by the Executive Vice-President and Treasurer on July 10, 2026, confirming the Bank’s authorization of this disclosure around the new Series J issuance.

Royal Bank of Canada is offering Auto-Callable Fixed Coupon Barrier Notes linked to the least-performing of Intuit Inc. and NRG Energy common stock, in minimum denominations of $1,000. The Notes pay a fixed coupon of $11.208 per $1,000 monthly, equal to 1.1208% per month or 13.45% per annum, so long as they remain outstanding. They may be automatically called if on any monthly Call Observation Date both underliers close at or above 95% of their initial values, in which case investors receive $1,000 plus the coupon and no further payments. If not called, at maturity in July 2029 investors receive principal back (plus coupon) if the least-performing underlier is at or above its Barrier Value of 50% of its initial value; otherwise they receive shares of that worst underlier equal to $1,000 divided by its initial value, exposing them to potentially large losses of principal. The public offering price is 100% of principal, with underwriting discounts of 2.50% and proceeds to RBC of 97.50%. The initial estimated value is expected between $914.50 and $964.50 per $1,000, reflecting hedging and distribution costs, and all payments are subject to RBC’s credit risk and complex U.S. tax treatment.

Royal Bank of Canada is issuing Auto-Callable Fixed Coupon Barrier Notes linked to the worst performer of Carnival Corporation and ServiceNow, Inc. common stocks. Each Note has a $1,000 principal amount, pays a fixed coupon of $11.375 per month (13.65% per year), and is offered at 100% of principal, with underwriter compensation of 2.50%, resulting in 97.50% of proceeds to the issuer.

The Notes may be automatically called monthly starting around January 2027 if both underliers are at or above 95% of their initial values, in which case investors receive $1,000 plus the coupon and no further payments. If held to maturity in July 2029 and not called, principal is fully repaid only if the least performing underlier is at or above 50% of its initial value. If that underlier is below 50%, investors receive shares of the worst-performing stock instead of cash, likely worth substantially less than principal and potentially zero, plus the final coupon. The initial estimated value is expected between $912.50 and $962.50 per $1,000, and all payments are subject to Royal Bank of Canada’s credit risk.