加拿大皇家银行美股招股说明书(2026-05-19版)

$2,266,000Barrier Digital Notes Pricing Supplement Pricing Supplement dated May 15, 2026 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 Barrier Digital Notes (the “Notes”) linked to the performance of the common stock of IntelCorporation (the “Underlier”). Contingent Fixed Return— If the Final Underlier Value is greater than or equal to the Barrier Value (50% of theInitial Underlier Value), at maturity, investors will receive a fixed return equal to the Digital Return of 33%.Principal at Risk— If the Final Underlier Value is less than the Barrier Value, at maturity, investors will lose 1% ofthe principal amount of their Notes for each 1% that the Final Underlier Value is less than the Initial Underlier CUSIP:78017UYH7Investing in the Notes involves a number of risks. See “Selected Risk Considerations” beginning on page P-6 of this pricing supplement and “Risk Factors” in the accompanying prospectus, prospectus supplement and product 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. governmental We or one of our affiliates may pay varying selling concessions of up to $17.50 per $1,000 principal amount of Notes inconnection with the distribution of the Notes to other registered broker-dealers. Certain dealers who purchase the Notesfor sale to certain fee-based advisory accounts may forgo some or all of their underwriting discount or selling concessions.The public offering price for investors purchasing the Notes in these accounts may be between $982.50 and $1,000.00 per$1,000 principal amount of Notes. In addition, we or one of our affiliates may pay a broker-dealer that is not affiliated withus a referral fee of up to $2.50 per $1,000 principal amount of Notes. See “Supplemental Plan of Distribution (Conflicts of value, is $962.08 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. 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. RBC Capital Markets, LLC (“RBCCM”) Minimum Investment:$1,000 and minimum denominations of $1,000 in excess thereof 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 the Notes and supersedes all other prior or contemporaneous oral statements as well as We have not authorized anyone to provide any information or to make any representations other than those contained orincorporated by reference in this pricing supplement and the documents listed below. We take no responsibility for, andcan provide no assurance as to the reliability of, any other information that others may give you. These documents are an If the information in this pricing supplement differs from the information contained in the documents listed below, youshould rely on the information in this pricing supplement. You should carefully consider, among other things, the matters set forth in “Selected Risk Considerations” in this pricingsupplement and “Risk Factors” in the documents listed below, as the Notes involve risks not associated with conventionaldebt securities. We urge you to consult your investment, legal, tax, accounting and other advisers before you invest in the You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, byreviewing our filings for the relevant date on the SEC website): Prospectus dated December 20, 2023:https://www.sec.gov/Archives/edgar/data/1000275/000119312523299520/d645671d424b3.htm Prospectus Supplement dated December 20, 2023:https://www.sec.gov/Archives/edgar/data/1000275/000119312523299523/d638227d424b3.htm Product Supplement No. 1B dated July 22, 2025:https://www.sec.gov/Archives/edgar/data/1000275/000095010325009131/dp231901_424b2-opsn1b.htm Our Central Index Key, or CI