加拿大皇家银行美股招股说明书(2026-03-24版)

The information in this preliminary pricing supplement is not complete and may be changed. Redeemable Fixed to Floating Range AccrualNotes Based on the 10-Year CMT Rate, Subject to Completion: Amendment No. 1 datedMarch 23, 2026 to the Preliminary Pricing 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. 1B 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% perannum; andofrom and including April 1, 2027 to but excluding the Maturity Date (the “Floating Rate Period”): 9.25% per 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. CUSIP:78014RR51Investing 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 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 Proceeds to Royal Bank of Canada 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. 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. 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: With respect to any relevant day during the Floating Rate Period, the Reference Rate will bethe 10-year constant maturity Treasury (“CMT”) rate, determined as set forth under “AdditionalTerms of Your Notes—Supplemental Terms of the Notes” in this pricing supplement, for thatday,providedthat, if any day is not a U.S. Government Securities Business Day, the Securities Business Day immediately preceding an Interest Payment Date to but excludingthat Interest Payment Date, the Reference Rate will be the 10-year CMT rate for the fifth U.S.Government Securities Business Day immediately preceding that Interest Payment Date. Interest Payment Dates:*Quarterly, on the 1st calendar day of April, July, October and January of each year, beginning on July 1, 2026 and ending on the Maturity Date. If an Interest Payment Date is not abusiness day, interest will be paid on the next business day, without adjustment to the end Interest Period: Redeemable Fixed to Floating RangeAccrual Notes Based on the 10-Year ADDITIONAL TERMS OF YOUR NOTES You should read this pricing supplement together with the prospectus dated December 20, 2023, as supplemented by theprospectus supplement dated December 20, 2023, relating to our Senior Global Medium-Term Notes, Series J, of whichthe Notes are a part, and the product supplement no. 1B dated July 22, 2025. This pricing supplement, together with thesedocuments, contains the terms of