RBC Files 424B2 Prospectus, Maintains Capital Raising Flexibility

TL;DR

**RBC just updated its prospectus, keeping options open for future capital raises.**

AI Summary

This 424B2 filing from Royal Bank of Canada, dated March 26, 2026, is a prospectus related to a previous registration statement (File No. 333-275898). While the filing itself doesn't detail specific new offerings, it updates information for potential future securities sales. This matters to investors because it indicates the bank is maintaining its ability to raise capital, which can be used for growth, acquisitions, or to strengthen its balance sheet, potentially impacting future stock performance.

Why It Matters

This filing ensures Royal Bank of Canada can efficiently issue new securities in the future, providing flexibility for strategic initiatives or capital management without needing a new, lengthy registration process.

Risk Assessment

Risk Level: low — This is a routine regulatory filing that doesn't announce a specific transaction, so it carries minimal direct risk.

Analyst Insight

Investors should note that RBC is maintaining its financial flexibility. While this filing doesn't signal an immediate offering, it's a prerequisite for future capital raises. Keep an eye on news for specific offering announcements, which could impact share price depending on the terms.

Key Numbers

• 424B2 — Form Type (Indicates a prospectus related to a previous registration statement.)
• 0000950103-26-004667 — SEC Accession No. (Unique identifier for this specific filing.)
• 2026-03-26 — Filing Date (The date the document was officially submitted to the SEC.)
• 333-275898 — File No. (The registration statement number this prospectus supplements.)

Key Players & Entities

• ROYAL BANK OF CANADA (company) — the filer of this 424B2 prospectus
• 0001000275 (company) — the CIK (Central Index Key) for Royal Bank of Canada
• 333-275898 (dollar_amount) — the File Number for the underlying registration statement
• 2026-03-26 (dollar_amount) — the filing date of this 424B2 document

Forward-Looking Statements

• Royal Bank of Canada will utilize its existing shelf registration to issue new debt or equity in the next 12-18 months. (Royal Bank of Canada) — medium confidence, target: 2027-09-26

FAQ

Key Financial Figures

• $4,374,000 — er Autocallable Contingent Yield Notes $4,374,000 Notes Linked to the Common Stock of Adv
• $10 — l be issued in minimum denominations of $10, and integral multiples of $10 in exces
• $1,000 — s thereof, with a minimum investment of $1,000. The Initial Underlying Value, Downside
• $202.68 — Devices, Inc. (AMD) 17.10% per annum $202.68 $101.34, which is 50% of the Initial U
• $101 — Inc. (AMD) 17.10% per annum $202.68 $101.34, which is 50% of the Initial Underly
• $10.00 — vanced Micro Devices, Inc. $4,374,000 $10.00 $87,480 $0.20 $4,286,520 $9.80 (1
• $87,480 — icro Devices, Inc. $4,374,000 $10.00 $87,480 $0.20 $4,286,520 $9.80 (1) UBS Fin
• $0.20 — ces, Inc. $4,374,000 $10.00 $87,480 $0.20 $4,286,520 $9.80 (1) UBS Financial
• $4,286,520 — c. $4,374,000 $10.00 $87,480 $0.20 $4,286,520 $9.80 (1) UBS Financial Services Inc
• $9.80 — 00 $10.00 $87,480 $0.20 $4,286,520 $9.80 (1) UBS Financial Services Inc., whic
• $9.75 — r to as the initial estimated value, is $9.75 per Note and is less than the public of

Filing Documents

• dp244167_424b2-ubseln1728amd.htm (424B2) — 144KB
• dp244167_exfilingfees.htm (EX-FILING FEES) — 5KB
• image_002.jpg (GRAPHIC) — 1KB
• image_001.jpg (GRAPHIC) — 24KB
• 0000950103-26-004667.txt ( ) — 275KB
• dp244167_exfilingfees_htm.xml (XML) — 2KB

From the Filing

Pricing Supplement dated March 24, 2026 Registration Statement No. 333-275898 Filed Pursuant to Rule 424(b)(2) Royal Bank of Canada Trigger Autocallable Contingent Yield Notes $4,374,000 Notes Linked to the Common Stock of Advanced Micro Devices, Inc. due March 29, 2029 Investment Description The Trigger Autocallable Contingent Yield Notes (the “Notes”) are senior unsecured debt securities issued by Royal Bank of Canada linked to the performance of the common stock of Advanced Micro Devices, Inc. (the “Underlying”). We will pay a quarterly Contingent Coupon payment if the closing value of the Underlying on the applicable Coupon Observation Date is greater than or equal to the Coupon Barrier. Otherwise, no coupon will be paid for that quarter. We will automatically call the Notes early if the closing value of the Underlying on any quarterly Call Observation Date (beginning six months after the Trade Date) is greater than or equal to the Initial Underlying Value. If the Notes are called, we will pay you the principal amount of your Notes plus the Contingent Coupon for the applicable quarter, and no further amounts will be owed to you under the Notes. If the Notes are not called prior to maturity and the Final Underlying Value is greater than or equal to the Downside Threshold (which is the same value as the Coupon Barrier), we will pay you a cash payment at maturity equal to the principal amount of your Notes plus the Contingent Coupon for the final quarter. However, if the Notes are not called prior to maturity and the Final Underlying Value is less than the Downside Threshold, we will pay you less than the full principal amount at maturity, if anything, resulting in a loss of principal amount that is proportionate to the negative Underlying Return, and you will lose up to 100% of the principal amount. Investing in the Notes involves significant risks. You will not receive a coupon for any Coupon Observation Date on which the Underlying closes below the Coupon Barrier. The Notes will not be automatically called if the Underlying closes below the Initial Underlying Value on a quarterly Call Observation Date. You will lose a significant portion or all of your principal amount if the Notes are not called and the Final Underlying Value is less than the Downside Threshold. The contingent repayment of principal applies only at maturity. Generally, the higher the Contingent Coupon Rate on a Note, the greater the risk of loss. Any payment on the Notes, including any repayment of principal, is subject to our creditworthiness. If we default on our payment obligations, you may not receive any amounts owed to you under the Notes and you could lose your entire investment. The Notes will not be listed on any securities exchange. Features Key Dates q Contingent Coupon — We will pay a quarterly Contingent Coupon payment if the closing value of the Underlying on the applicable Coupon Observation Date is greater than or equal to the Coupon Barrier. Otherwise, no coupon will be paid for the quarter. q Automatically Callable — We will automatically call the Notes and pay you the principal amount of your Notes plus the Contingent Coupon otherwise due for the applicable quarter if the closing value of the Underlying on any quarterly Call Observation Date (beginning six months after the Trade Date) is greater than or equal to the Initial Underlying Value. If the Notes are not called, investors will have the potential for downside equity market risk at maturity. q Downside Exposure with Contingent Repayment of Principal at Maturity — If by maturity the Notes have not been called and the Final Underlying Value is greater than or equal to the Downside Threshold, we will repay the full principal amount at maturity. However, if by maturity the Notes have not been called and the Final Underlying Value is less than the Downside Threshold, we will pay less than the full principal amount at maturity, if anything, resulting in a loss of principal amount that is proportionate to the negative Underlying Return. Accordingly, you may lose a significant portion or all of the principal amount of the Notes. Any payment on the Notes, including any repayment of principal, is subject to our creditworthiness. Strike Date March 23, 2026 Trade Date March 24, 2026 Settlement Date March 27, 2026 Coupon Observation Dates 1 Quarterly (see page 5 ) Call Observation Dates 1 Quarterly (callable after six months) (see page 5 ) Final Valuation Date 1 March 26, 2029 Maturity Date 1 March 29, 2029 1 Subject to postponement. See “General Terms of the Notes—Postponement of a Determination Date” and “General Terms of the Notes—Postponement of a Payment Date” in the accompanying product supplement. NOTICE TO INVESTORS: THE NOTES ARE SIGNIFICANTLY RISKIER THAN CONVENTIONAL DEBT INSTRUMENTS. WE ARE NOT NECESSARILY OBLIGATED TO REPAY THE FULL PRINCI

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