Every 424B that ROYAL BK CDA 1ST PFD BO (RYLBF) 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 RYLBF 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 RYLBF filings page.
Royal Bank of Canada is offering 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. The preliminary pricing supplement (subject to completion) sets a public offering price of 100.00% of principal and an underwriting discount of 1.00%. The notes have a Strike Date: April 21, 2026, Issue Date: April 27, 2026, valuation date April 23, 2029, and Maturity Date: April 26, 2029. If not called, contingent coupons of $41.25 per $1,000 (a 16.50% annualized rate) may be paid quarterly only when each underlier meets its coupon threshold. The barrier and coupon threshold equal 75% of each underlier's initial value; principal repayment at maturity depends on the final level of the least performing underlier. The preliminary initial estimated value is expected between $917.70 and $967.70 per $1,000 principal amount.
Royal Bank of Canada is offering market‑linked Senior Global Medium‑Term Notes—auto‑callable with leveraged upside participation and contingent downside principal at risk—linked to the EURO STOXX 50® Index. The securities have a face amount of $1,000 per security and an original offering price of $1,000. The agent discount is $25.75, leaving proceeds to Royal Bank of Canada of $974.25 per security. The initial estimated value on the pricing date is expected to be between $915.00 and $965.00 per security and will be less than the original offering price. Key economic terms: pricing date April 30, 2026, issue date May 5, 2026, call date May 5, 2027, stated maturity date May 3, 2029, upside participation rate 150%, and a call premium of at least 13.00% of face amount. The securities are senior unsecured obligations of the Bank, do not pay periodic interest, carry full credit risk of the issuer, may be automatically called if the Index closes at or above the starting value on the call date, and expose holders to full downside below the threshold value equal to 75% of the starting value.
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 have an Issue Date of April 23, 2026, a Valuation Date of April 17, 2029 and a Maturity Date of April 20, 2029. The notes pay a contingent quarterly coupon of $43.125 per $1,000 (4.3125% per quarter; 17.25% per annum) only if each Underlier is at or above its 70% Coupon Threshold on observation dates. The Notes are auto-callable on quarterly Call Observation Dates if both Underliers are at or above their Initial Underlier Values; if called investors receive principal plus the contingent coupon otherwise due. The Initial Estimated Value is $969.82 per $1,000; public price is par ($1,000 per $1,000), with underwriting discounts totalling $7,500 and proceeds to the Bank of $742,500. Payments remain subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Redeemable Fixed Rate Notes due May 8, 2046. The Notes pay interest at 5.40% per annum, with annual payments beginning May 8, 2027. Issue Date is May 8, 2026 and pricing to the public is between $965.00 and $1,000.00 per $1,000 principal. The Notes are redeemable at the issuer's option on Call Dates beginning May 8, 2031 and are subject to Canadian bail-in powers under the CDIC Act. All payments are subject to the Bank's credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the lesser-performing of the KRE (SPDR S&P Regional Banking ETF) and SMH (VanEck Semiconductor ETF). The public offering price is 100.00% with underwriting discounts of 1.00%. The Notes pay a quarterly Contingent Coupon of $40.00 per $1,000 (a 16.00% per annum rate if paid) when both Underliers meet threshold conditions on observation dates. The Notes are automatically called if, on a Call Observation Date, both Underliers close at or above their Initial Underlier Values; if not called, principal repayment at maturity depends on the Final Underlier Value of the Least Performing Underlier relative to its Barrier Value (65% of Initial Underlier Value). Key dates include Strike Date April 20, 2026, Trade Date April 21, 2026, Issue Date April 24, 2026, Valuation Date April 20, 2029, and Maturity Date April 25, 2029. All payments are subject to Royal Bank of Canada credit risk and the Notes are not FDIC- or CDIC-insured.
The Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the EURO STOXX 50® Index with a 6.60% per annum contingent coupon paid quarterly if observation-date barriers are met. The notes are callable quarterly beginning one year after issuance and mature on April 25, 2029. The Initial Underlying Value was set at 5,982.63 on the Strike Date; the Coupon Barrier and Downside Threshold are 3,589.58 (60% of that value). If not called and the Final Underlying Value is below the Downside Threshold, principal repayment at maturity is reduced pro rata to the negative underlying return, potentially losing up to 100% of principal. The notes are senior unsecured obligations of RBC, unlisted, sold at $10.00 per note with an initial estimated value between $9.31 and $9.81. Investors bear both market exposure to the EURO STOXX 50 and RBC credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes due May 1, 2031 linked to the Bloomberg US Large Cap VolMax Index. The Notes pay a contingent monthly coupon of $6.667 per $1,000 (annualized 8.00%) if the Underlier meets a 75% coupon threshold. The Notes are callable beginning on the twelfth monthly observation; if not called, a 35% buffer applies to downside at maturity and payments depend on the final Underlier value. The initial estimated value is stated to be between $885 and $935 per $1,000, while the public offering price is $1,000 per $1,000.
Royal Bank of Canada offers Auto-Callable Contingent Coupon Barrier Notes linked to the Bloomberg US Large Cap VolMax Index. The Notes pay a monthly contingent coupon of $11.667 per $1,000 (a 14.00% annualized rate) if observation conditions are met and are auto-callable if the Underlier is at or above its initial value on a Call Observation Date.
The Trade Date is April 23, 2026, Issue Date April 28, 2026 and Maturity Date April 28, 2031. Key structural features include a Coupon Threshold of 70% of the Initial Underlier Value, a Barrier Value of 60% of the Initial Underlier Value, an initial estimated value between $910.00 and $960.00 per $1,000, and material downside exposure if the Final Underlier Value is below the Barrier.
Royal Bank of Canada is offering Contingent Income Auto‑Callable Securities due April 20, 2028, linked to The Estée Lauder Companies Inc. Class A common stock. The offering aggregates $1,625,000 of notes at a $1,000 stated principal per security. Each security can pay a contingent quarterly coupon of $35.50 (3.55%, 14.20% per annum) only if the underlier is at or above the downside threshold (50% of the initial underlier value). The notes are automatically redeemed early if the underlier on a redemption determination date is at or above 100% of the initial value; otherwise the final payment depends on the final underlier value and can result in substantial principal loss (payment = stated principal × final underlier/initial underlier if below the downside threshold). All payments are subject to the Bank’s credit risk. Pricing: public offering price $1,000; initial estimated value $977.33.
Royal Bank of Canada (RBC) is offering structured, principal-at-risk notes linked to the S&P 500® Index with an upside participation rate of 140% and a buffer level of 87.50% (a 12.50% buffer). The notes pay no interest, are cash-settled at maturity and are expected to mature about 23–26 months after the trade date.
The notes feature a cap (expected between 115.50% and 118.23% of the initial index level) producing a maximum settlement amount expected to be between $1,217.00 and $1,255.22 per $1,000 principal. The initial estimated value is expected to be between $965.20 and $995.20 per $1,000, i.e., below issue price. Payments at maturity depend on the initial and final index levels; if the final index is below the buffer you may lose a meaningful portion or all of your investment, and payments are subject to RBC's credit risk.
Royal Bank of Canada is offering Capped Return Notes linked to the SPDR4 Gold Trust (the "Underlier"). The Notes have a Participation Rate of 100%, a Maximum Return of 12.06% (maximum 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. The initial estimated value is expected between $935.00 and $985.00 per $1,000, below the public offering price of 100%. Payments at maturity depend on the Underlier Return with all payments subject to RBC credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to the common stock of Amazon.com, Inc. The notes have a Trade Date of April 16, 2026, Issue Date April 21, 2026, Valuation Date October 18, 2027 and Maturity Date October 21, 2027. If payable, the Contingent Coupon is $8.583 per $1,000 principal (10.30% per annum). The Coupon Threshold and Barrier Value equal 63% of the Initial Underlier Value. The notes are auto-callable monthly beginning on the October 16, 2026 observation if the Underlier closes at or above the Initial Underlier Value; called notes pay par plus the contingent coupon then due. At maturity, if not called and the Final Underlier Value is below the Barrier Value, holders receive a number of Amazon shares equal to $1,000 divided by the Initial Underlier Value (fractional shares paid in cash). The public offering price is 100.00% with underwriting discounts of 1.50%. The initial estimated value is stated as between $915.00 and $965.00 per $1,000 principal amount and will be less than the public offering price. All payments are subject to Royal Bank of Canada credit risk.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes linked to Take-Two Interactive common stock (TTWO). The Notes have a $1,000 principal amount per note, trade on an April 10, 2026 Trade Date, issue April 15, 2026, and mature May 13, 2027. Investors may receive a monthly Contingent Coupon of $10.417 per $1,000 (12.50% per annum) when the Underlier meets the Coupon Threshold. The Notes are auto‑callable beginning on the October 12, 2026 Call Observation Date if the Underlier closes at or above the Initial Underlier Value; if not called, repayment depends on the Final Underlier Value relative to a Barrier set at 60% of the Initial Underlier Value, exposing holders to potential substantial principal loss. Initial estimated value is expected between $914.00 and $964.00 per $1,000, below the public offering price of par.
Royal Bank of Canada is issuing Auto-Callable Fixed Coupon Barrier Notes linked to the least performing of Goldman Sachs and Microsoft. The Notes have a per-note public offering price of 100% with underwriting discounts of 1.75% and proceeds to RBC of 98.25%. The Trade Date is April 15, 2026, Issue Date is April 20, 2026, Valuation Date is April 17, 2028, and Maturity Date is April 20, 2028. If not called earlier, investors receive quarterly fixed coupons of $152.50 per $5,000 (12.20% per annum) and at maturity either full principal if the Least Performing Underlier is >= a 60% Barrier or physical delivery of shares of the Least Performing Underlier if it is below the Barrier.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Geared Buffer Notes linked to Vertiv Holdings Co Class A common stock. The notes trade on a $1,000 principal amount basis with Trade Date April 9, 2026, Issue Date April 14, 2026, Valuation Date October 11, 2027 and Maturity Date October 14, 2027. Investors may receive a monthly Contingent Coupon of $13.75 per $1,000 (equivalent to 16.50% per annum) when the Underlier is at or above a Coupon Threshold. The notes are callable if the Underlier equals or exceeds the Initial Underlier Value on a Call Observation Date. The structure provides a 35% buffer (Buffer Value = 65% trigger) with a Downside Multiplier of approximately 153.846% applied to losses below the buffer, meaning investors can lose some or all principal at maturity. The initial estimated value is stated as between $908.50 and $958.50 per $1,000; underwriting discount is 1.875%. All payments are subject to Royal Bank of Canada credit risk and tax treatment uncertainty under U.S. rules.
Royal Bank of Canada is offering $1,000,000 principal amount of Geared Buffer Digital Notes linked to the Class A common stock of Meta Platforms, Inc., due April 12, 2027. The notes pay a Digital Return of 17.87% if the Final Underlier Value is at or above an 85% Buffer Value of the Initial Underlier Value; if the Final Underlier Value is below the Buffer Value, payments use the Buffer Percentage of 15% and a Downside Multiplier of 100%/85% (~1.17647), meaning investors can lose some or all principal. The Issue Date is March 31, 2026 and the Valuation Date is April 7, 2027. All payments are subject to the issuer’s credit risk and the pricing supplement highlights limited secondary-market liquidity, underwriting fees of 1.00%, and an initial estimated value of $940.54 per $1,000 principal amount determined as of the Trade Date.
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 price is 100.00% per $1,000 (total shown: $1,551,000). The Notes mature on March 31, 2031 and pay at maturity either principal plus 140% participation in positive index performance or return of principal if the Underlier is flat or down. All payments are subject to Royal Bank of Canada credit risk. The pricing supplement discloses an initial estimated value of $912.98 per $1,000, underwriting discounts and potential selling concessions, and detailed risk factors including decrement fees, funding costs, transaction costs and negative roll yield that will reduce Underlier performance.
Royal Bank of Canada is offering Auto-Callable Contingent Coupon Buffer Notes linked to the Bloomberg US Large Cap VolMax Index. The Notes pay a contingent quarterly coupon of $40 per $1,000 (4.00% per quarter; 16.00% per annum) when the Underlier is at or above a 75% coupon threshold on observation dates. The Notes can be automatically called if the Underlier on a call observation date is at or above the Initial Underlier Value. At maturity, if not called, investors receive full principal if the Final Underlier Value is at or above the Buffer Value (85% of the Initial Underlier Value); otherwise principal is reduced using a 15% buffer formula. The Notes are subject to daily deductions (notional financing cost, a 6% per annum deduction factor and a 0.01% transaction cost) and to Royal Bank of Canada credit risk. Initial estimated value is expected between $887 and $937 per $1,000; public offering price is $1,000 per $1,000 before selling concessions.
Royal Bank of Canada is offering Daily Auto-Callable Absolute Return Digital Notes linked to the S&P 500 Index. The Notes have a Trade Date of April 17, 2026, Issue Date April 22, 2026, Valuation Date July 19, 2027 and Maturity Date July 22, 2027. The Notes use an 80% Barrier (80% of the Initial Underlier Value) and a Digital Return of 3.35%. If the Final Underlier Value is greater than or equal to the Initial Underlier Value, the maturity payment equals $1,000 plus the Digital Return ($1,033.50 per $1,000). If the Final Underlier Value is below the Initial Underlier Value, the payment equals $1,000 plus the absolute value of the Underlier Return (capped at 20%), per the stated formula. The offering price is 100% of par; underwriting discounts total 0.50%, with proceeds to the issuer of 99.50% per Note. The initial estimated value is expected to be between $935.00 and $985.00 per $1,000 principal amount and is stated to be less than the public offering price. All payments are subject to the Bank’s credit risk and the Notes may be automatically called according to the Call Observation Date rules.
Royal Bank of Canada is offering non‑interest bearing, senior unsecured notes linked to the S&P 500® Index with a term expected to be between 21 and 24 months. The notes include a 12.50% buffer (threshold level = 87.50% of the initial underlier level) and a capped cash payout equal to the threshold settlement amount (expected to be between $1,147.40 and $1,173.30 per $1,000 principal amount) if the final underlier level is greater than or equal to the threshold level.
The notes pay no interest, will not be listed, are not redeemable prior to maturity, and are subject to RBC credit risk. The initial estimated value is expected to be between $965.40 and $995.40 per $1,000 principal amount and the original issue price for the initial allotment is 100.00% of principal. RBCCM is the calculation agent and agent for distribution. The cash settlement amount, term dates, initial underlier level and final pricing details will be set on the trade date and disclosed in the final pricing supplement.
Royal Bank of Canada is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of United Rentals, Inc. (the Underlying) maturing on or about March 31, 2027. The Notes pay a contingent quarterly coupon at a 12.80% per annum rate only if the Underlying closes at or above the Coupon Barrier on each Coupon Observation Date.
The Notes are automatically called on any quarterly Call Observation Date if the Underlying closes at or above the Initial Underlying Value ($746.84). The Downside Threshold and Coupon Barrier equal $410.76 (55% of the Initial Underlying Value). If not called and the Final Underlying Value is below the Downside Threshold, principal is repaid proportionally to the negative Underlying Return and investors may lose up to 100% of principal. Payments depend on RBC’s creditworthiness. Price to public is $10.00 per Note; initial estimated value is expected between $9.27 and $9.77. Minimum investment is $1,000.
Royal Bank of Canada offers Trigger Autocallable Contingent Yield Notes linked to the common stock of Advanced Micro Devices, Inc. The Notes pay a 17.10% per annum contingent coupon (paid quarterly) if the Underlying meets the Coupon Barrier. The Initial Underlying Value was $202.68; the Coupon Barrier and Downside Threshold are $101.34 (50% of the Initial Underlying Value). The Notes have a principal amount of $10 per Note (minimum investment $1,000), are callable quarterly beginning six months after the Trade Date, and mature on or about March 29, 2029. If not called and the Final Underlying Value is below the Downside Threshold, principal repayment at maturity is reduced proportionately to the negative Underlying Return. All payments are subject to the issuer’s creditworthiness.
Royal Bank of Canada is offering senior unsecured structured notes called Autocallable Strategic Accelerated Redemption Securities, linked to one or more underlying stocks or ADRs. These notes do not pay interest and do not guarantee a return of principal. Each unit typically has a $10 principal amount and can be automatically called on set observation dates if the underlying reaches or exceeds a preset call level, paying back principal plus a fixed call premium.
If the notes are not called, the amount repaid at maturity depends on the underlying’s performance versus a threshold value. If the ending value is below this threshold, investors are exposed to one‑for‑one downside and can lose a significant portion or all of their investment. Payments depend on RBC’s credit and the notes are expected not to be listed on an exchange, so liquidity may be limited.
The product includes complex features such as baskets of stocks, anti‑dilution and market disruption adjustments, and detailed U.S. and Canadian tax considerations, including potential application of Section 871(m) to non‑U.S. holders. Investors do not receive dividends or voting rights in any underlying company and are encouraged to consult legal, tax and financial advisers before investing.