RBC Files 424B2 Prospectus for New Offering

TL;DR

RBC just dropped a prospectus (424B2) on 4/7/26. New securities offering incoming.

AI Summary

Royal Bank of Canada filed a 424B2 prospectus on April 7, 2026, detailing a new offering. The filing, with SEC Accession No. 0000950103-26-005415, provides information for investors regarding securities being offered by the company. The prospectus is a standard regulatory document for public offerings.

Why It Matters

This filing indicates Royal Bank of Canada is actively engaging in capital markets activities, potentially raising funds or issuing new securities to the public.

Risk Assessment

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

Key Players & Entities

• ROYAL BANK OF CANADA (company) — Filer of the prospectus
• 0000950103-26-005415 (filing_id) — SEC Accession Number for the filing
• 2026-04-07 (date) — Filing date of the prospectus
• 333-275898 (file_number) — SEC File Number associated with the registration

FAQ

Key Financial Figures

• $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
• $10.00 — ex and the S&P 500 ® Index • $10.00 • $0.00 • $10.00 (1) Al
• $0.00 — 00 ® Index • $10.00 • $0.00 • $10.00 (1) All sales of the
• $9.39 — imated value, is expected to be between $9.39 and $9.89 per Note and will be less tha
• $9.89 — ue, is expected to be between $9.39 and $9.89 per Note and will be less than the publ

Filing Documents

• dp244963_424b2-ubseln1732.htm (424B2) — 158KB
• image_004.jpg (GRAPHIC) — 1KB
• image_005.jpg (GRAPHIC) — 1KB
• image_001.jpg (GRAPHIC) — 22KB
• image_002.jpg (GRAPHIC) — 22KB
• image_003.jpg (GRAPHIC) — 20KB
• 0000950103-26-005415.txt ( ) — 251KB

From the Filing

Pricing Supplement dated April , 2026 Subject to Completion Dated April 7, 2026 Registration Statement No. 333-275898 Filed Pursuant to Rule 424(b)(2) Royal Bank of Canada Trigger Autocallable Contingent Yield Notes $• Notes Linked to the Least Performing of the Russell 2000 ® Index and the S&P 500 ® Index due on or about April 11, 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 least performing of the Russell 2000 ® Index and the S&P 500 ® Index (each, an “Underlying”). We will pay a quarterly Contingent Coupon payment if the closing value of each Underlying on the applicable Coupon Observation Date is greater than or equal to its Coupon Barrier. Otherwise, no coupon will be paid for that quarter. We will automatically call the Notes early if the closing value of each Underlying on any quarterly Call Observation Date (beginning six months after the Trade Date) is greater than or equal to its 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 of each Underlying is greater than or equal to its Downside Threshold (which is the same value as its 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 of the Underlying with the lowest percentage change from its Initial Underlying Value (the “Least Performing Underlying”) is less than its 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 of the Least Performing Underlying, 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 any Underlying closes below its Coupon Barrier. The Notes will not be automatically called if any Underlying closes below its 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 of the Least Performing Underlying is less than its 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 q Contingent Coupon — We will pay a quarterly Contingent Coupon payment if the closing value of each Underlying on the applicable Coupon Observation Date is greater than or equal to its 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 each Underlying on any quarterly Call Observation Date (beginning six months after the Trade Date) is greater than or equal to its 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 of the Least Performing Underlying is greater than or equal to its 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 of the Least Performing Underlying is less than its 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 of the Least Performing Underlying. 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. Key Dates Trade Date April 8, 2026 Settlement Date April 13, 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 April 9, 2029 Ma