Royal Bank of Canada Files 424B2 Prospectus

TL;DR

RBC filed a prospectus (424B2) on 3/23/26. Details on new securities.

AI Summary

Royal Bank of Canada filed a 424B2 prospectus on March 23, 2026, detailing the terms of securities being offered. The filing, with SEC Accession No. 0000950103-26-004507, pertains to a registration statement related to their securities. The bank's principal executive offices are located at Royal Bank Plaza, 200 Bay Street, Toronto, Ontario, Canada.

Why It Matters

This filing indicates Royal Bank of Canada is actively managing its capital structure and potentially issuing new securities, which could impact its financial standing and investor base.

Risk Assessment

Risk Level: low — A 424B2 filing is a standard prospectus supplement and does not inherently indicate increased risk for the company.

Key Numbers

• 333-275898 — Registration File Number (Related to the registration of securities)

Key Players & Entities

• ROYAL BANK OF CANADA (company) — Filer
• 0000950103-26-004507 (filing_id) — SEC Accession Number
• 2026-03-23 (date) — Filing Date
• ROYAL BANK PLAZA (location) — Mailing and Business Address
• 200 BAY STREET (location) — Mailing and Business Address
• TORONTO Ontario, Canada M5J 2J5 (location) — Mailing and Business Address

FAQ

Key Financial Figures

• $750,000 — Supplement No. 1B dated July 22, 2025 $750,000 Auto-Callable Contingent Coupon Barrie
• $7,500 — discounts and commissions (1) 1.00% $7,500 Proceeds to Royal Bank of Canada 99.
• $742,500 — oceeds to Royal Bank of Canada 99.00% $742,500 (1) We or one of our affiliates may p
• $10.00 — ay varying selling concessions of up to $10.00 per $1,000 principal amount of Notes in
• $1,000 — selling concessions of up to $10.00 per $1,000 principal amount of Notes in connection
• $990.00 — Notes in these accounts may be between $990.00 and $1,000.00 per $1,000 principal amou
• $1,000.00 — ese accounts may be between $990.00 and $1,000.00 per $1,000 principal amount of Notes. S
• $949.19 — r to as the initial estimated value, is $949.19 per $1,000 principal amount of Notes an
• $393.67 — d Barrier Value (2) SMH Fund SMH UQ $393.67 $255.89 SX7E Index SX7E 246.67 16
• $255.89 — Value (2) SMH Fund SMH UQ $393.67 $255.89 SX7E Index SX7E 246.67 160.34 (1
• $44.375 — otes. Contingent Coupon: If payable, $44.375 per $1,000 principal amount of Notes (c
• $1,044.375 — rcentage of Principal Amount* 50.00% $1,044.375 104.4375% 40.00% $1,044.375 104.43
• $649.900 — 5.00% $1,044.375 104.4375% -35.01% $649.900 64.9900% -40.00% $600.000 60.0000%
• $600.000 — -35.01% $649.900 64.9900% -40.00% $600.000 60.0000% -50.00% $500.000 50.0000%
• $500.000 — -40.00% $600.000 60.0000% -50.00% $500.000 50.0000% -60.00% $400.000 40.0000%

Filing Documents

• dp244005_424b2-us3825mul.htm (424B2) — 155KB
• dp244005_exfilingfees.htm (EX-FILING FEES) — 5KB
• image_003.jpg (GRAPHIC) — 4KB
• image_001.jpg (GRAPHIC) — 22KB
• image_002.jpg (GRAPHIC) — 23KB
• 0000950103-26-004507.txt ( ) — 319KB
• dp244005_exfilingfees_htm.xml (XML) — 2KB

From the Filing

Registration Statement No. 333-275898 Filed Pursuant to Rule 424(b)(2) Pricing Supplement Pricing Supplement dated March 19, 2026 to the Prospectus dated December 20, 2023, the Prospectus Supplement dated December 20, 2023, the Underlying Supplement No. 1A dated May 16, 2024 and the Product Supplement No. 1B dated July 22, 2025 $750,000 Auto-Callable Contingent Coupon Barrier Notes Linked to the Least Performing of Two Underliers, Due March 22, 2029 Royal Bank of Canada Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes (the “Notes”) linked to the performance of the least performing of the VanEck ® Semiconductor ETF and the EURO STOXX ® Banks Index (each, an “Underlier”). · Contingent Coupons — If the Notes have not been automatically called, investors will receive a Contingent Coupon on a quarterly Coupon Payment Date at a rate of 17.75% per annum if the closing value of each Underlier is greater than or equal to its Coupon Threshold (65% of its Initial Underlier Value) on the immediately preceding Coupon Observation Date. You may not receive any Contingent Coupons during the term of the Notes. · Call Feature — If, on any quarterly Call Observation Date, the closing value of each Underlier is greater than or equal to its Initial Underlier Value, the Notes will be automatically called for 100% of their principal amount plus the Contingent Coupon otherwise due. No further payments will be made on the Notes. · Contingent Return of Principal at Maturity — If the Notes are not automatically called and the Final Underlier Value of the Least Performing Underlier is greater than or equal to its Barrier Value (65% of its Initial Underlier Value), at maturity, investors will receive the principal amount of their Notes plus the Contingent Coupon otherwise due. If the Notes are not automatically called and the Final Underlier Value of the Least Performing Underlier is less than its Barrier Value, at maturity, investors will lose 1% of the principal amount of their Notes for each 1% that the Final Underlier Value of the Least Performing Underlier is less than its Initial Underlier Value. · Any payments on the Notes are subject to our credit risk. · The Notes will not be listed on any securities exchange. CUSIP: 78017UPJ3 Investing in the Notes involves a number of risks. See “Selected Risk Considerations” beginning on page P-7 of this pricing supplement and “Risk Factors” in the accompanying prospectus, prospectus supplement and product supplement. None of the Securities and Exchange Commission (the “SEC”), any state securities commission or any other regulatory body has approved or disapproved of the Notes or passed upon the adequacy or accuracy of this pricing supplement. Any representation to the contrary is a criminal offense. The Notes will not constitute deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other Canadian or U.S. governmental agency or instrumentality. The Notes are not bail-inable notes and are not subject to conversion into our common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act. Per Note Total Price to public (1) 100.00% $750,000 Underwriting discounts and commissions (1) 1.00% $7,500 Proceeds to Royal Bank of Canada 99.00% $742,500 (1) We or one of our affiliates may pay varying selling concessions of up to $10.00 per $1,000 principal amount of Notes in connection with the distribution of the Notes to other registered broker-dealers. Certain dealers who purchase the Notes for sale to certain fee-based advisory accounts may forgo some or all of their underwriting discount or selling concessions. The public offering price for investors purchasing the Notes in these accounts may be between $990.00 and $1,000.00 per $1,000 principal amount of Notes. See “Supplemental Plan of Distribution (Conflicts of Interest)” below. The initial estimated value of the Notes determined by us as of the Trade Date, which we refer to as the initial estimated value, is $949.19 per $1,000 principal amount of Notes and is less than the public offering price of the Notes. The market value of the Notes at any time will reflect many factors, cannot be predicted with accuracy and may be less than this amount. We describe the determination of the initial estimated value in more detail below. RBC Capital Markets, LLC Auto-Callable Contingent Coupon Barrier Notes Linked to the Least Performing of Two Underliers KEY TERMS The information in this “Key Terms” section is qualified by any more detailed information set forth in this pricing supplement and in the accompanying prospectus, prospectus supplement, underlying supplement and product supplement. Issuer: Royal Bank of Canada Underwriter: RBC Capital

View Full Filing

View this 424B2 filing on SEC EDGAR