RBC Files Prospectus Supplement for Debt Offering

TL;DR

RBC just dropped a 424B2 filing for a new debt offering. Watch this space.

AI Summary

Royal Bank of Canada filed a 424B2 prospectus supplement on April 6, 2026, detailing the terms of a new debt offering. The filing, under SEC Accession No. 0000950103-26-005364, provides information for investors regarding these securities.

Why It Matters

This filing indicates Royal Bank of Canada is raising capital through debt, which could impact its financial leverage and future interest expenses.

Risk Assessment

Risk Level: low — A 424B2 filing is a standard prospectus supplement for debt or equity offerings and does not inherently signal unusual risk.

Key Numbers

• 141515 — Document Size (KB) (Size of the main 424B2 filing document)

Key Players & Entities

• ROYAL BANK OF CANADA (company) — Filer of the 424B2 prospectus supplement
• 0000950103-26-005364 (other) — SEC Accession Number for the filing
• 2026-04-06 (date) — Filing date of the 424B2 document
• 333-275898 (other) — File number associated with the registration statement

FAQ

Key Financial Figures

• $35.00 — ay varying selling concessions of up to $35.00 per $1,000 principal amount of Notes in
• $1,000 — selling concessions of up to $35.00 per $1,000 principal amount of Notes in connection
• $965.00 — Notes in these accounts may be between $965.00 and $1,000.00 per $1,000 principal amou
• $1,000.00 — ese accounts may be between $965.00 and $1,000.00 per $1,000 principal amount of Notes. S
• $886.08 — imated value, is expected to be between $886.08 and $936.08 per $1,000 principal amount
• $936.08 — , is expected to be between $886.08 and $936.08 per $1,000 principal amount of Notes an
• $1,105 — nt of Notes an amount equal to at least $1,105 (at least 110.50% of the principal amou
• $1,750.00 — ercentage of Principal Amount 50.00% $1,750.00 175.000% 40.00% $1,600.00 160.000%
• $1,600.00 — 50.00% $1,750.00 175.000% 40.00% $1,600.00 160.000% 30.00% $1,450.00 145.000%
• $1,450.00 — 40.00% $1,600.00 160.000% 30.00% $1,450.00 145.000% 20.00% $1,300.00 130.000%
• $1,300.00 — 30.00% $1,450.00 145.000% 20.00% $1,300.00 130.000% 10.00% $1,150.00 115.000%
• $1,150.00 — 20.00% $1,300.00 130.000% 10.00% $1,150.00 115.000% 5.00% $1,075.00 107.500%
• $1,075.00 — 10.00% $1,150.00 115.000% 5.00% $1,075.00 107.500% 2.00% $1,030.00 103.000%
• $1,030.00 — % 5.00% $1,075.00 107.500% 2.00% $1,030.00 103.000% 0.00% $1,000.00 100.000%
• $699.90 — -30.00% $1,000.00 100.000% -30.01% $699.90 69.990% -40.00% $600.00 60.000%

Filing Documents

• dp244923_424b2-us3911mul.htm (424B2) — 138KB
• image_006.jpg (GRAPHIC) — 4KB
• image_001.jpg (GRAPHIC) — 22KB
• image_002.jpg (GRAPHIC) — 21KB
• image_003.jpg (GRAPHIC) — 20KB
• image_004.jpg (GRAPHIC) — 20KB
• image_005.jpg (GRAPHIC) — 20KB
• 0000950103-26-005364.txt ( ) — 287KB

From the Filing

Registration Statement No. 333-275898 Filed Pursuant to Rule 424(b)(2) The information in this preliminary pricing supplement is not complete and may be changed. Preliminary Pricing Supplement Subject to Completion: Dated April 6, 2026 Pricing Supplement dated April __, 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 $ Auto-Callable Enhanced Return Barrier Notes Linked to a Basket of Five Underliers, Due May 1, 2031 Royal Bank of Canada Royal Bank of Canada is offering Auto-Callable Enhanced Return Barrier Notes (the “Notes”) linked to the performance of an unequally weighted basket (the “Basket”) consisting of the EURO STOXX 50 ® Index, the Nikkei 225 Index, the FTSE ® 100 Index, the Swiss Market Index and the S&P/ASX 200 Index (each, a “Basket Underlier”). · Call Feature — If, on the Call Observation Date, the closing value of the Basket is greater than or equal to the Initial Basket Value, the Notes will be automatically called for a return of at least 10.50% (to be determined on the Trade Date). No further payments will be made on the Notes. · Enhanced Return Potential — If the Notes are not automatically called and the Final Basket Value is greater than the Initial Basket Value, at maturity, investors will receive a return equal to 150% of the Basket Return. · Contingent Return of Principal at Maturity — If the Notes are not automatically called and the Final Basket Value is less than or equal to the Initial Basket Value, but is greater than or equal to the Barrier Value (70% of the Initial Basket Value), at maturity, investors will receive the principal amount of their Notes. If the Notes are not automatically called and the Final Basket 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 Basket Value is less than the Initial Basket Value. · 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: 78017UTJ9 Investing in the Notes involves a number of risks. See “Selected Risk Considerations” beginning on page P-8 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% $ Underwriting discounts and commissions (1) 3.50% $ Proceeds to Royal Bank of Canada 96.50% $ (1) We or one of our affiliates may pay varying selling concessions of up to $35.00 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 $965.00 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 expected to be between $886.08 and $936.08 per $1,000 principal amount of Notes and will be less than the public offering price of the Notes. The final pricing supplement relating to the Notes will set forth the initial estimated value. 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 Enhanced Return Barrier Notes Linked to a Basket of Five 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 C