加拿大皇家银行美股招股说明书(2026-03-24版)

Registration Statement No. 333-275898Filed Pursuant to Rule 424(b)(2) The information in this preliminary pricing supplement is not complete and may be changed. Preliminary Pricing SupplementSubject to Completion: Amendment No. 1 dated Redeemable Fixed to Floating Range AccrualNotes Based on the 10-Year CMT Rate,Due April 1, 2036 March 23, 2026 to the Preliminary PricingSupplement dated March 18, 2026 Royal Bank of Canada Pricing Supplement dated March __, 2026 to the Prospectusdated December 20, 2023, the Prospectus Supplement datedDecember 20, 2023 and the Product Supplement No. 1Bdated July 22, 2025 Royal Bank of Canada is offering the Redeemable Fixed to Floating Range Accrual Notes Based on the 10-year CMT rate(the “Notes”) described below.The Notes will accrue interest, payable quarterly, at a rate equal to: ofrom and including the Issue Date to but excluding April 1, 2027 (the “Fixed Rate Period”): 9.25% per annum; andofrom and including April 1, 2027 to but excluding the Maturity Date (the “Floating Rate Period”): 9.25% perannum, but only on each calendar day for which the Reference Rate is (a) greater than or equal to theLower Barrier of 0.00% per annum and (b) less than or equal to the Upper Barrier of 5.00% per annum.You may not receive any interest payments during the Floating Rate Period.We may redeem the Notes in whole, but not in part, as described under “Key Terms” below.The Reference Rate is the 10-year CMT rate.Any payments on the Notes are subject to our credit risk.The Notes will not be listed on any securities exchange.CUSIP:78014RR51 Investing in the Notes involves a number of risks. See “Selected Risk Considerations” beginning on page P-7 of this 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 regulatory body 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. governmentalagency or instrumentality. The Notes are not bail-inable notes and are not subject to conversion into our common sharesunder subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act.Per NoteTotal Price to public(1) Underwriting discounts and commissions(1)Proceeds to Royal Bank of Canada (1)RBC Capital Markets, LLC will purchase the Notes from us on the Issue Date at purchase prices between $955.00 and$1,000.00 per $1,000 principal amount of Notes, and will pay all or a portion of its underwriting discount of up to $45.00per $1,000 principal amount of Notes to certain selected broker-dealers as a selling concession. Certain dealers whopurchase the Notes for sale to certain fee-based advisory accounts and/or eligible institutional investors may forgo someor all of their selling concessions, fees or commissions. The public offering price for investors purchasing the Notes inthese accounts and/or for an eligible institutional investor may be as low as $955.00 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 Pricing Date, which we refer to as the initial estimated value, is expected to be between $900.00 and $950.00 per $1,000 principal amount of Notes and will be less than thepublic 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 lessthan this amount. We describe the determination of the initial estimated value in more detail below.RBC Capital Markets, LLC 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. Royal Bank of CanadaRBC Capital Markets, LLC (“RBCCM”)$1,000 and minimum denominations of $1,000 in excess thereofMarch 30, 2026April 1, 2026April 1, 2036 Issuer:Underwriter:Minimum Investment:Pricing Date:Issue Date:Maturity Date:*Interest Rate: For each Interest Period occurring from and including the Issue Date to but excluding April 1,2027 (the “Fixed Rate Period”):9.25% per annum For each Interest Period occurring from and including April 1, 2027 to but excluding theMaturity Date (the “Floating Rate Period”), a per annum rate calculated as follows: 9.25% ×the actual number of Accrual Days in that Interest Periodthe actual number of calendar days in that Interest Period wherean “Accrual Day” means a calendar day for which the Reference Rate is (a)greatertha