加拿大皇家银行美股招股说明书(2025-04-21版)

Auto-Callable Contingent Coupon Barrier Notes withMemory Coupon,Each Linked to a Different Underlier,Due April 20, 2028 Pricing Supplement Pricing Supplement dated April 17, 2025 to the Prospectusdated December 20, 2023, the Prospectus Supplementdated December 20, 2023 and the Product Supplement Royal Bank of Canada Royal Bank of Canada is offering two separate Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon (withrespect to an offering, the “Notes”), each linked to the performance of a class of equity securities of a specific company(with respect to an offering, the “Underlier”) as set forth in the table below. You may participate in one or more of theofferings. Each offering has its own terms, and references in this pricing supplement to the Notes, the Underlier or any ·Contingent Coupons with Memory Feature— If the Notes have not been automatically called, investors willreceive a Contingent Coupon on a quarterly Coupon Payment Date if the closing value of the Underlier is greaterthan or equal to the Coupon Threshold on the immediately preceding Coupon Observation Date. A ContingentCoupon that is not payable on a Coupon Payment Date may be paid later, but only if the closing value of the Underlier is greater than or equal to the Coupon Threshold on a later Coupon Observation Date. You may not ·Call Feature— If, on any quarterly Call Observation Date beginning approximately six months following the TradeDate, the closing value of the Underlier is greater than or equal to the Initial Underlier Value, the Notes will beautomatically called for 100% of their principal amountplusthe Contingent Coupon and any unpaid Contingent ·Contingent Return of Principal at Maturity— If the Notes are not automatically called and the Final UnderlierValue is greater than or equal to the Barrier Value, at maturity, investors will receive the principal amount of theirNotesplusthe Contingent Coupon and any unpaid Contingent Coupons otherwise due. If the Notes are notautomatically called and the Final Underlier Value is less than the Barrier Value, at maturity, investors will receive Investing in the Notes involves a number of risks. See “Selected Risk Considerations” beginning on page P-7 ofthis pricing supplement and “Risk Factors” in the accompanying prospectus, prospectus supplement andproduct supplement. None of the Securities and Exchange Commission (the “SEC”), any state securities commission or any other regulatorybody has approved or disapproved of the Notes or passed upon the adequacy or accuracy of this pricing supplement. Anyrepresentation to the contrary is a criminal offense. The Notes will not constitute deposits insured by the Canada DepositInsurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other Canadian or U.S. governmental Common stock of The The initial estimated value of the Notes determined by us as of the Trade Date, which we refer to as the initial estimatedvalue, is set forth above 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 thanthis amount. We describe the determination of the initial estimated value in more detail below. RBC Capital Markets, LLC Auto-Callable Contingent CouponBarrier Notes with Memory Coupon,Each Linked to a Different Underlier KEY TERMS The information in this “Key Terms” section is qualified by any more detailed information set forth in this pricingsupplement and in the accompanying prospectus, prospectus supplement and product supplement. Issuer:Underwriter:Minimum Investment: Royal Bank of CanadaRBC Capital Markets, LLC (“RBCCM”)$1,000 and minimum denominations of $1,000 in excess thereofEach offering has its own terms, as set forth below and on the cover page of this pricingsupplement. (1)The closing value of the Underlier on the Trade Date(2)Rounded to two decimal places(3)A number of shares of the Underlier equal to $1,000divided bythe Initial UnderlierValue (rounded to two decimal places)April 17, 2025 Trade Date:Issue Date:Valuation Date:*Maturity Date:* If the Notes have not been automatically called, investors will receive a ContingentCoupon on a Coupon Payment Date if the closing value of the Underlier isgreater than If a Contingent Coupon is not payable on any Coupon Payment Date, it will be paid onany later Coupon Payment Date on which a Contingent Coupon is payable, if any,together with the payment otherwise due on that later date. For the avoidance of doubt, No Contingent Coupon will be payable on a Coupon Payment Date if the closing value ofthe Underlier is less than the Coupon Threshold on the immediately preceding CouponObservation Date. Accordingly, you may not receive a Contingent Coupon on one or Contingent Coupon: If payable, the Contingent Coupon per $1,000 principal amount of Notes will equal$1,000 × Contingent Coupon Rate (per an