加拿大皇家银行美股招股说明书(2026-03-17版)

$1,060,000Issuer Callable Contingent Coupon Barrier Notes withMemory CouponLinked to the Common Stock of Apollo GlobalManagement, Inc.,Due March 16, 2028 Pricing Supplement Pricing Supplement dated March 13, 2026 to theProspectus dated December 20, 2023, the ProspectusSupplement dated December 20, 2023 and the Product Royal Bank of Canada Royal Bank of Canada is offering Issuer Callable Contingent Coupon Barrier Notes with Memory Coupon (the “Notes”)linked to the performance of the common stock of Apollo Global Management, Inc. (the “Underlier”). Contingent Coupons with Memory Feature— If the Notes have not been called at our option, investors willreceive a Contingent Coupon on a quarterly Coupon Payment Date at a rate of 13.40% per annum if the closingvalue of the Underlier is greater than or equal to the Coupon Threshold (50% of the Initial Underlier Value) on theimmediately preceding Coupon Observation Date. A Contingent Coupon that is not payable on a Coupon Payment Call Feature— We will have the right to call the Notes, in whole, but not in part, at our discretion on any quarterlyCall Date beginning approximately six months following the Issue Date for 100% of their principal amountplusanyContingent Coupon and any unpaid Contingent Coupons otherwise due. No further payments will be made on the Contingent Return of Principal at Maturity— If the Notes are not called at our option and the Final UnderlierValue is greater than or equal to the Barrier Value (50% of the Initial Underlier Value), at maturity, investors willreceive the principal amount of their Notesplusthe Contingent Coupon and any unpaid Contingent Couponsotherwise due. If the Notes are not called at our option and the Final Underlier Value is less than the Barrier Value, CUSIP:78015QWW7 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 Price to public (1)We or one of our affiliates may pay varying selling concessions of up to $18.50 per $1,000 principal amount of Notes inconnection with the distribution of the Notes to other registered broker-dealers, consisting of a sales commission of up to$17.50 per $1,000 principal amount of Notes and a structuring fee of up to $1.00 per $1,000 principal amount of Notes.See “Supplemental Plan of Distribution (Conflicts of Interest)” below. value, is $966.70 per $1,000 principal amount of Notes and is less than the public offering price of the Notes. The marketvalue of the Notes at any time will reflect many factors, cannot be predicted with accuracy and may be less than thisamount. We describe the determination of the initial estimated value in more detail below. Issuer Callable Contingent CouponBarrier Notes with Memory CouponLinked to the Common Stock of Apollo 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: Royal Bank of Canada RBC Capital Markets, LLC (“RBCCM”) $1,000 and minimum denominations of $1,000 in excess thereof The common stock of Apollo Global Management, Inc. Trade Date:Issue Date:Valuation Date:* If the Notes have not been called at our option, investors will receive a ContingentCoupon on a Coupon Payment Date if the closing value of the Underlier isgreaterthanor equal to the Coupon Threshold on the immediately preceding CouponObservation Date. any 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,oncea previously unpaid Contingent Coupon has been paid on a later Coupon Payment Date, it will not be paid again on a subsequent date. of the Underlier is less than the Coupon Threshold on the immediately precedingCoupon Observation Date. Accordingly, you may not receive a Contingent Coupon onone or more Coupon Payment Dates during the term of the Notes. If payable, $33.50 per $1,000 principal amount of Notes (corresponding to a rate of3.35% per quarter or 13.40% per annum) Contingent Coupon: Call Feature: We will have the right to call the Notes, in whole, but not in part, at our discretion onany Call Date by providing the trustee at least three business days’ notice. Under thesecircumstances, investors will receive on the Call Da