ROYAL BANK OF CANADA Files 424B2 Prospectus for Securities Offering

TL;DR

**RBC just filed a prospectus, likely gearing up to issue new securities.**

AI Summary

This 424B2 filing from Royal Bank of Canada, filed on March 24, 2026, is a prospectus related to a previous registration statement (File No. 333-275898). It indicates the bank is offering securities, likely debt or equity, under an existing shelf registration. This matters to investors because it signals Royal Bank of Canada is actively raising capital, which could be for growth, refinancing, or other corporate purposes, potentially impacting future earnings or dilution.

Why It Matters

This filing signals Royal Bank of Canada is actively raising capital, which could impact its financial structure and future growth prospects.

Risk Assessment

Risk Level: medium — While a prospectus itself isn't high risk, the actual offering of securities could introduce dilution for equity holders or increase debt obligations.

Analyst Insight

An investor should monitor subsequent filings (like pricing supplements or final prospectuses) to understand the specific terms, type, and amount of securities being offered by Royal Bank of Canada under this prospectus.

Key Numbers

• 424B2 — Form Type (Indicates a prospectus for an offering of securities)
• 333-275898 — File Number (The registration statement under which these securities are being offered)
• 2026-03-24 — Filing Date (When the prospectus was officially filed with the SEC)

Key Players & Entities

• ROYAL BANK OF CANADA (company) — Filer of the 424B2 prospectus
• 0001000275 (company) — CIK of Royal Bank of Canada
• 333-275898 (dollar_amount) — File number for the underlying registration statement
• 2026-03-24 (dollar_amount) — Filing date of the 424B2

FAQ

Key Financial Figures

• $650,000 — Supplement No. 1B dated July 22, 2025 $650,000 Auto-Callable Contingent Coupon Barrie
• $12,187.50 — discounts and commissions (1) 1.875% $12,187.50 Proceeds to Royal Bank of Canada 98.1
• $637,812.50 — eeds to Royal Bank of Canada 98.125% $637,812.50 (1) We or one of our affiliates may p
• $18.75 — ay varying selling concessions of up to $18.75 per $1,000 principal amount of Notes in
• $1,000 — selling concessions of up to $18.75 per $1,000 principal amount of Notes in connection
• $981.25 — Notes in these accounts may be between $981.25 and $1,000.00 per $1,000 principal amou
• $1,000.00 — ese accounts may be between $981.25 and $1,000.00 per $1,000 principal amount of Notes. I
• $5.00 — iliated with us a referral fee of up to $5.00 per $1,000 principal amount of Notes. S
• $965.85 — r to as the initial estimated value, is $965.85 per $1,000 principal amount of Notes an
• $247.99 — hold and Barrier Value (2) AAPL UW $247.99 $173.59 (1) The closing value of the
• $173.59 — Barrier Value (2) AAPL UW $247.99 $173.59 (1) The closing value of the Underlie
• $22.50 — otes. Contingent Coupon: If payable, $22.50 per $1,000 principal amount of Notes (c
• $1,022.50 — rcentage of Principal Amount* 50.00% $1,022.50 102.250% 40.00% $1,022.50 102.250%
• $699.90 — -30.00% $1,022.50 102.250% -30.01% $699.90 69.990% -40.00% $600.00 60.000%
• $600.00 — -30.01% $699.90 69.990% -40.00% $600.00 60.000% -50.00% $500.00 50.000%

Filing Documents

• dp244054_424b2-us3793aapl.htm (424B2) — 127KB
• dp244054_exfilingfees.htm (EX-FILING FEES) — 5KB
• image_002.jpg (GRAPHIC) — 4KB
• image_001.jpg (GRAPHIC) — 25KB
• 0000950103-26-004544.txt ( ) — 264KB
• dp244054_exfilingfees_htm.xml (XML) — 2KB

From the Filing

Registration Filed Pursuant to Rule 424(b)(2) Pricing Supplement Pricing Supplement dated March 20, 2026 to the Prospectus dated December 20, 2023, the Prospectus Supplement dated December 20, 2023 and the Product Supplement No. 1B dated July 22, 2025 $650,000 Auto-Callable Contingent Coupon Barrier Notes Linked to the Common Stock of Apple Inc., Due September 23, 2027 Royal Bank of Canada Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes (the “Notes”) linked to the performance of the common stock of Apple Inc. (the “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 9.00% per annum if the closing value of the Underlier is greater than or equal to the Coupon Threshold (70% of the 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 beginning approximately six months following the Trade Date, the closing value of the Underlier is greater than or equal to the 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 is greater than or equal to the Barrier Value (70% of the 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 is less than the Barrier Value, at maturity, investors will lose 1% of the principal amount of their Notes for each 1% that the Final Underlier Value is less than the 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: 78017UNF3 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% $650,000 Underwriting discounts and commissions (1) 1.875% $12,187.50 Proceeds to Royal Bank of Canada 98.125% $637,812.50 (1) We or one of our affiliates may pay varying selling concessions of up to $18.75 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 $981.25 and $1,000.00 per $1,000 principal amount of Notes. In addition, we or one of our affiliates may pay a broker-dealer that is not affiliated with us a referral fee of up to $5.00 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 $965.85 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 Common Stock of Apple Inc. 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 and product supplement. Issuer: Royal Bank of Canada Underwriter: RBC Capital Markets, LLC (“RBCCM”) Minimum Investment: $

View Full Filing

View this 424B2 filing on SEC EDGAR