Royal Bank Of Canada 424B2 Filing

FAQ

Key Financial Figures

• $674,000 — Supplement No. 1B dated July 22, 2025 $674,000 Enhanced Return Notes Linked to the S
• $4,044 — discounts and commissions (1) 0.60% $4,044 Proceeds to Royal Bank of Canada 99.
• $669,956 — oceeds to Royal Bank of Canada 99.40% $669,956 (1) We or one of our affiliates may p
• $6.00 — ay varying selling concessions of up to $6.00 per $1,000 principal amount of Notes in
• $1,000 — selling concessions of up to $6.00 per $1,000 principal amount of Notes in connection
• $994.00 — Notes in these accounts may be between $994.00 and $1,000.00 per $1,000 principal amou
• $1,000.00 — ese accounts may be between $994.00 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
• $968.57 — r to as the initial estimated value, is $968.57 per $1,000 principal amount of Notes an
• $1,625.00 — ercentage of Principal Amount 50.00% $1,625.00 162.500% 40.00% $1,500.00 150.000%
• $1,500.00 — 50.00% $1,625.00 162.500% 40.00% $1,500.00 150.000% 30.00% $1,375.00 137.500%
• $1,375.00 — 40.00% $1,500.00 150.000% 30.00% $1,375.00 137.500% 20.00% $1,250.00 125.000%
• $1,250.00 — 30.00% $1,375.00 137.500% 20.00% $1,250.00 125.000% 10.00% $1,125.00 112.500%
• $1,125.00 — 20.00% $1,250.00 125.000% 10.00% $1,125.00 112.500% 5.00% $1,062.50 106.250%
• $1,062.50 — 10.00% $1,125.00 112.500% 5.00% $1,062.50 106.250% 2.00% $1,025.00 102.500%

Filing Documents

• dp244871_424b2-us3846mktd.htm (424B2) — 211KB
• dp244871_exfilingfees.htm (EX-FILING FEES) — 5KB
• image_002.jpg (GRAPHIC) — 4KB
• image_001.jpg (GRAPHIC) — 19KB
• 0000950103-26-005323.txt ( ) — 338KB
• dp244871_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 April 1, 2026 to the Prospectus dated December 20, 2023, the Prospectus Supplement dated December 20, 2023, the Index Supplement No. SPMKTD-1 dated May 14, 2024 and the Product Supplement No. 1B dated July 22, 2025 $674,000 Enhanced Return Notes Linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index, Due April 5, 2029 Royal Bank of Canada Royal Bank of Canada is offering Enhanced Return Notes (the “Notes”) linked to the performance of the S&P 500 Market Agility 10 TCA 0.5% Decrement Index (the “Underlier”). · Enhanced Return Potential — If the Final Underlier Value is greater than the Initial Underlier Value, at maturity, investors will receive a return equal to 125% of the Underlier Return. · Return of Principal at Maturity — If the Final Underlier Value is less than or equal to the Initial Underlier Value, at maturity, investors will receive only the principal amount of their Notes, with no additional return. · The Notes do not pay interest. · Any payments on the Notes are subject to our credit risk. · The Notes will not be listed on any securities exchange. CUSIP: 78017UQM5 Investing in the Notes involves a number of risks. See “Selected Risk Considerations” beginning on page P-5 of this pricing supplement and “Risk Factors” in the accompanying prospectus, prospectus supplement, index 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% $674,000 Underwriting discounts and commissions (1) 0.60% $4,044 Proceeds to Royal Bank of Canada 99.40% $669,956 (1) We or one of our affiliates may pay varying selling concessions of up to $6.00 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 $994.00 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 $968.57 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 Enhanced Return Notes Linked to the S&P 500 Market Agility 10 TCA 0.5% Decrement Index 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, index supplement and product supplement. Issuer: Royal Bank of Canada Underwriter: RBC Capital Markets, LLC (“RBCCM”) Minimum Investment: $1,000 and minimum denominations of $1,000 in excess thereof Underlier: The S&P 500 Market Agility 10 TCA 0.5% Decrement Index. On each index calculation day, a decrement fee of 0.5% per annum (the “decrement fee”) is deducted from the level of the Underlier and funding and transaction costs are deducted from the levels of its sub-indices. See “Selected Risk Considerations—Risks Relating to the Underlier—The Underlier and Its Sub-Indices Are Subject to Deductions That Will Adversely Affect Their Performance” below. Bloomberg Ticker Initial Underlier Value (1) SPMKTD 3,605.09 (1) The closing value of the Underlier on the Trade Date Trade Date: April 1, 2026 Issue Date: April 7, 2026 Valuation Date:* April 2, 2029 Maturity Date:* April 5, 2029 Payment at Maturity: Investors wi

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