加拿大皇家银行美股招股说明书(2026-02-09版)

The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplementand the accompanying product supplement, prospectus supplement and prospectus are not an offer to sell these securities and we Registration Statement No. 333-275898Filed Pursuant to Rule 424(b)(2) PRICING SUPPLEMENT dated February, 2026(Tothe Product Supplement No.WF1 dated December 20,2023 and theProspectus Supplement and the Prospectus, each dated December 20, 2023) Royal Bank of Canada Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent DownsidePrincipal at Risk Securities Linked to the Common Stock of GE Vernova Inc. due February 16, 2029 Unlike ordinary debt securities, the securities do not provide for fixed payments of interest, do not repay a fixed amount ofprincipal at stated maturity and are subject to potential automatic call prior to stated maturity upon the terms describedbelow. Whether the securities pay a contingent coupon, whether the securities are automatically called prior to stated automatic call if the closing value of the Underlying Stock on the calculation day for the relevant quarter is greater than orequal to the coupon threshold value. However, if the closing value of the Underlying Stock on a calculation day is less thanthe coupon threshold value, you will not receive any contingent coupon for the relevant quarter. If the closing value of theUnderlying Stock is less than the coupon threshold value on every calculation day, you will not receive any contingent Automatic Call.If the closing value of the Underlying Stock on any of the quarterly calculation days scheduled to occurfrom May 2026 to November 2028, inclusive, is greater than or equal to the starting value, the securities will be Potential Loss of Principal.If the securities are not automatically called prior to stated maturity, you will receive the faceamount at stated maturity if the closing value of the Underlying Stock on the final calculation day is greater than or equal tothe downside threshold value. If the closing value of the Underlying Stock on the final calculation day is less than thedownside threshold value, you will lose more than 50%, and possibly all, of the face amount of your securities. The Stock from the starting value if its closing value on the final calculation day is less than the downside threshold value, butyou will not participate in any appreciation of the Underlying Stock and will not receive any dividends on the Underlying Investors may lose a significant portion, or all, of the face amount.All payments on the securities are subject to credit risk, and you will have no ability to pursue the issuer of the UnderlyingStock for payment; if Royal Bank of Canada, as issuer, defaults on its obligations, you could lose some or all of yourinvestment. No exchange listing; designed to be held to maturity or automatic callThe initial estimated value of the securities determined by us as of the pricing date, which we refer to as the initial estimated value, is expected to be between $917.00 and $967.00 per security and will be less than the original offeringprice of the securities. The final pricing supplement relating to the securities will set forth the initial estimated value. The securities have complex features and investing in the securities involves risks not associated with an investmentin conventional debt securities. See “Selected Risk Considerations” beginning on page PS-9 herein and “RiskFactors” beginning on page PS-5 of the accompanying product supplement. securities are subject to the credit risk Royal Bank of Canada. If Royal Bank of Canada, as issuer, defaults on itsobligations, you could lose some or all of your investment. None of the Securities and Exchange Commission (the “SEC”), any state securities commission or any otherregulatory body has approved or disapproved of the securities or passed upon the adequacy or accuracy of thispricing supplement. Any representation to the contrary is a criminal offense. The securities will not constitutedeposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or anyother Canadian or U.S. governmental agency or instrumentality. The securities are not bail-inable notes and are not (1)Wells Fargo Securities, LLC is the agent for the distribution of the securities and is acting as principal. See “Terms of the Securities—Agent” and “Estimated Value of the Securities” in this pricing supplement for further information. (2)In addition to the forgoing, in respect of certain securities sold in this offering, our affiliate, RBC Capital Markets, LLC (“RBCCM”),may pay a fee of up to $3.00 per security to selected securities dealers in consideration for marketing and other services in connection Wells Fargo Securities Market Linked Securities—Auto-Callable with Contingent Coupon and Any return on the securities will be limited to the sum