Royal Bk Can SEC Filings

Royal Bank of Canada has announced Capped Return Notes linked to the MSCI Emerging Markets Index, due June 27, 2030. The notes offer investors potential upside participation in the index's performance with a maximum return capped at 61% and principal protection if the index declines.

Key features include:

• 100% participation rate in the index's positive performance up to the 61% cap
• Return of principal if the index declines
• $1,000 minimum investment
• No periodic interest payments
• Maximum payment at maturity of $1,610 per $1,000 principal amount

Notable risks include credit risk of Royal Bank of Canada, limited upside potential due to the return cap, and no interest payments. The notes will not be listed on any securities exchange. The initial estimated value is expected to be between $904.00 and $954.00 per $1,000 principal amount, below the public offering price.

Royal Bank of Canada (RY) is issuing US$1,000,000 of Bearish Leveraged Buffered S&P 500 Index-Linked Notes due July 21, 2026. The notes are senior unsecured obligations linked to the performance of the S&P 500 Index (initial level 5,982.72 on June 17, 2025). They pay no periodic interest; the sole return is a cash payment at maturity that depends on the index level on the determination date (July 17, 2026).

• Bearish payoff: If the S&P 500 closes below the initial level, investors receive principal plus 300 % of the index decline, up to a maximum settlement of US$1,390 per US$1,000 (i.e., maximum 39 % return, achieved when the index falls 13 %).
• Neutral range: If the index is flat or rises by ≤ 6 %, investors receive the principal (US$1,000).
• Down-buffered loss: If the index rises by > 6 %, repayment equals principal plus (index return + 6 %). The payment cannot be lower than US$60 (94 % loss).
• Initial estimated value: US$983.44 per US$1,000, below the 100 % issue price, indicating embedded fees and hedging costs.
• Underwriting terms: Issue price 100 %, underwriting discount 1.08 %, net proceeds 98.92 %.
• The notes are not FDIC or CDIC insured, are senior unsecured debt, and are explicitly not bail-inable under Canadian law.

Investors face Royal Bank of Canada credit risk, potential illiquidity, and exposure to adverse S&P 500 movements outside the defined bearish window. The offer is made under a 424(b)(2) prospectus supplement dated June 17, 2025 and must be read together with the December 20, 2023 base prospectus, Series J prospectus supplement, Underlying Supplement 1A, and Product Supplement 1A.

Kronos Bio, Inc. (KRON) filed a Form 15-12G with the U.S. SEC on 30 June 2025, certifying the termination of registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934 and suspending the company’s duty to file reports under Sections 13 and 15(d).

The company relied on Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i), disclosing an approximate holder count of one. No other securities remain subject to reporting obligations. The notice was signed by Chief Financial Officer Michael Hearne.

Once the Form 15 becomes effective, Kronos Bio will no longer submit periodic filings such as Forms 10-K, 10-Q or 8-K, significantly reducing public disclosure and potentially affecting liquidity for remaining shareholders.

Royal Bank of Canada (RY) has filed a Rule 424(b)(2) pricing supplement for a $5.477 million issuance of Auto-Callable Contingent Coupon Barrier Notes with a Memory Coupon, maturing 23 June 2028. The notes are linked to the least-performing of Amazon.com, Inc. (AMZN) and The Charles Schwab Corp. (SCHW).

Key structural terms:

• Contingent coupon: 10.00% p.a. (2.50% quarterly) payable only if both underliers close ≥ 50 % of their initial values (coupon threshold) on the relevant observation date; missed coupons can be “made-up” on later dates if the threshold is met (memory feature).
• Automatic call: Quarterly; notes are redeemed at par plus any due coupons if both underliers close ≥ their initial values on a call observation date.
• Barrier at maturity: 50 % of initial value. If not called and the least-performing underlier closes ≥ barrier on the valuation date, principal is repaid in full; otherwise, repayment equals par plus the underlier return, exposing investors to a 1 % loss of principal for every 1 % decline below the initial value.
• Issue price/fees: 100 % issue price; 2 % underwriting discount; net proceeds to RBC 98 %. Initial estimated value set by RBC is $968.20 per $1,000 note, below the public offer price.
• Credit & liquidity: Senior unsecured obligations of RBC; not deposit-insured or bail-inable; the notes will not be listed on any exchange.

The instrument offers elevated income potential but carries credit risk of RBC, market risk tied to AMZN and SCHW performance, and limited secondary market liquidity. Investors may receive no coupons and could lose substantial principal if the barrier is breached and the notes are not called.

Royal Bank of Canada is offering $6,244,000 in Auto-Callable Contingent Coupon Barrier Notes linked to Apple stock, due July 22, 2026. Key features include:

• Contingent Coupon Rate: 10.85% per annum, paid monthly if Apple stock closes at or above the 76% threshold of initial value ($148.69)
• Auto-Call Feature: Notes automatically redeem at 100% principal plus coupon if Apple stock closes at or above initial value ($195.64) on monthly observation dates starting December 2025
• Principal Protection: Full principal returned at maturity if Apple stock remains above 76% barrier; below barrier, investors lose 1% for each 1% stock decline
• Initial Estimated Value: $974.83 per $1,000 principal amount, below public offering price

The notes carry Royal Bank of Canada's credit risk and will not be listed on any securities exchange. Underwriting discounts are 1.50% ($93,660 total), with selling concessions up to $15.00 per $1,000 principal amount available to broker-dealers.