RBC Files Prospectus Supplement for Debt Securities

TL;DR

RBC filed a 424B2 for debt securities. Might be raising cash.

AI Summary

Royal Bank of Canada filed a 424B2 prospectus supplement on April 7, 2026, related to its previously filed registration statement. This filing pertains to the potential offering of debt securities, though specific details on the amount or terms are not provided in this excerpt.

Why It Matters

This filing indicates Royal Bank of Canada is potentially preparing to issue new debt, which could impact its capital structure and borrowing costs.

Risk Assessment

Risk Level: low — This is a standard prospectus supplement filing for debt offerings and does not indicate immediate financial distress or unusual risk.

Key Players & Entities

• ROYAL BANK OF CANADA (company) — Filer of the 424B2 prospectus supplement
• 0000950103-26-005420 (filing_id) — SEC Accession Number for the filing
• 2026-04-07 (date) — Filing date of the 424B2 document

FAQ

Key Financial Figures

• $20.00 — ay varying selling concessions of up to $20.00 per $1,000 principal amount of Notes in
• $1,000 — selling concessions of up to $20.00 per $1,000 principal amount of Notes in connection
• $980.00 — Notes in these accounts may be between $980.00 and $1,000.00 per $1,000 principal amou
• $1,000.00 — ese accounts may be between $980.00 and $1,000.00 per $1,000 principal amount of Notes. S
• $922.50 — imated value, is expected to be between $922.50 and $972.50 per $1,000 principal amount
• $972.50 — , is expected to be between $922.50 and $972.50 per $1,000 principal amount of Notes an
• $1,170.00 — centage of Principal Amount 50.00% $1,170.00 117.000% 40.00% $1,170.00 117.000%
• $999.90 — 0.00% $1,170.00 117.000% -0.01% $999.90 99.990% -5.00% $950.00 95.000% -
• $950.00 — 0% -0.01% $999.90 99.990% -5.00% $950.00 95.000% -10.00% $900.00 90.000%
• $900.00 — % -5.00% $950.00 95.000% -10.00% $900.00 90.000% -20.00% $800.00 80.000%
• $800.00 — -10.00% $900.00 90.000% -20.00% $800.00 80.000% -30.00% $700.00 70.000%
• $700.00 — -20.00% $800.00 80.000% -30.00% $700.00 70.000% -40.00% $600.00 60.000%
• $600.00 — -30.00% $700.00 70.000% -40.00% $600.00 60.000% -50.00% $500.00 50.000%
• $500.00 — -40.00% $600.00 60.000% -50.00% $500.00 50.000% -60.00% $400.00 40.000%
• $400.00 — -50.00% $500.00 50.000% -60.00% $400.00 40.000% -70.00% $300.00 30.000%

Filing Documents

• dp244965_424b2-us3914rty.htm (424B2) — 108KB
• image_002.jpg (GRAPHIC) — 4KB
• image_001.jpg (GRAPHIC) — 25KB
• 0000950103-26-005420.txt ( ) — 149KB

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 7, 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 $ Digital Notes Linked to the Russell 2000 ® Index, Due April 27, 2027 Royal Bank of Canada Royal Bank of Canada is offering Digital Notes (the “Notes”) linked to the performance of the Russell 2000 ® Index (the “Underlier”). · Contingent Fixed Return — If the Final Underlier Value is greater than or equal to the Initial Underlier Value, at maturity, investors will receive a fixed return equal to the Digital Return of at least 17% (to be determined on the Trade Date). · Principal at Risk — If the Final Underlier Value is less than the Initial Underlier 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. · 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: 78017UTN0 Investing in the Notes involves a number of risks. See “Selected Risk Considerations” beginning on page P-6 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) 2.00% $ Proceeds to Royal Bank of Canada 98.00% $ (1) We or one of our affiliates may pay varying selling concessions of up to $20.00 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 $980.00 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 $922.50 and $972.50 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 Digital Notes Linked to the Russell 2000 ® 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, underlying 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 Russell 2000 ® Index Bloomberg Ticker Initial Underlier Value (1) RTY (1) The closing value of the Underlier on the Trade Date Trade Date: April 16, 2026 Issue Date: April 21, 2026 Valuation Date:* April 22, 2027 Maturity Date:* April 27, 2027 Payment at Maturity: Investors will receive on the Maturity Date per $1,000 principal amount of Notes: · If the Final Underlier Value is greater than or equal to the Initial Underlier Value, an amount equal to: $1,000 + ($1,000 × Digital Return) · If the Final Underlier Value is less than the Initial Underlier Value, an amount equal to: $1,000 + ($1,000 × Underlier Return) If the Final Underlie