加拿大皇家银行美股招股说明书(2026-05-26版)

Registration Statement No. 333-275898Filed Pursuant to Rule 424(b)(2) Royal Bank of Canada Trigger Autocallable Contingent Yield Notes$8,555,000 Notes Linked to the Least Performing of the Russell 2000® Index and the EURO STOXX 50®Index dueMay 27, 2031Investment Description The Trigger Autocallable Contingent Yield Notes (the “Notes”) are senior unsecured debt securities issued by Royal Bank of Canada linked to the performance of the least performing of the Russell 2000®Index and the EURO STOXX 50®Index(each, an “Underlying”). We will pay a quarterly Contingent Coupon payment if the closing value of each Underlying on theapplicable Coupon Observation Date is greater than or equal to its Coupon Barrier. Otherwise, no coupon will be paid forthat quarter. We will automatically call the Notes early if the closing value of each Underlying on any quarterly CallObservation Date (beginning six months after the Trade Date) is greater than or equal to its Initial Underlying Value. If theNotes are called, we will pay you the principal amount of your Notes plus the Contingent Coupon for the applicablequarter, and no further amounts will be owed to you under the Notes. If the Notes are not called prior to maturity and theFinal Underlying Value of each Underlying is greater than or equal to both its Downside Threshold and its Coupon Barrier,we will pay you a cash payment at maturity equal to the principal amount of your Notes plus the Contingent Coupon forthe final quarter. If the Notes are not called prior to maturity and the Final Underlying Value of each Underlying is greaterthan or equal to its Downside Threshold but less than its Coupon Barrier, we will pay you a cash payment at maturityequal to the principal amount of your Notes, but no Contingent Coupon will be paid. However, if the Notes are not calledprior to maturity and the Final Underlying Value of the Underlying with the lowest percentage change from its InitialUnderlying Value (the “Least Performing Underlying”) is less than its Downside Threshold, we will pay you less than thefull principal amount at maturity, if anything, resulting in a loss of principal amount that is proportionate to the negativeUnderlying Return of the Least Performing Underlying, and you will lose up to 100% of the principal amount.Investing inthe Notes involves significant risks. You will not receive a coupon for any Coupon Observation Date on which anyUnderlying closes below its Coupon Barrier. The Notes will not be automatically called if any Underlying closesbelow its Initial Underlying Value on a quarterly Call Observation Date. You will lose a significant portion or all ofyour principal amount if the Notes are not called and the Final Underlying Value of the Least PerformingUnderlying is less than its Downside Threshold. The contingent repayment of principal applies only at maturity.Generally, the higher the Contingent Coupon Rate on a Note, the greater the risk of loss. Any payment on theNotes, including any repayment of principal, is subject to our creditworthiness. If we default on our paymentobligations, you may not receive any amounts owed to you under the Notes and you could lose your entireinvestment. The Notes will not be listed on any securities exchange.FeaturesKey Dates Contingent Coupon— We will pay a quarterly Contingent Coupon payment ifthe closing value of each Underlying on the applicable Coupon Observation Dateis greater than or equal to its Coupon Barrier. Otherwise, no coupon will be paidfor the quarter.Automatically Callable— We will automatically call the Notes and pay you the principal amount of your Notes plus the Contingent Coupon otherwise due for theapplicable quarter if the closing value of each Underlying on any quarterly CallObservation Date (beginning six months after the Trade Date) is greater than orequal to its Initial Underlying Value. If the Notes are not called, investors will havethe potential for downside equity market risk at maturity.Downside Exposure with Contingent Repayment of Principal at Maturity— NOTICE TO INVESTORS: THE NOTES ARE SIGNIFICANTLY RISKIER THAN CONVENTIONAL DEBTINSTRUMENTS. WE ARE NOT NECESSARILY OBLIGATED TO REPAY THE FULL PRINCIPAL AMOUNT OF THENOTES AT MATURITY, AND THE NOTES CAN HAVE THE FULL DOWNSIDE MARKET RISK OF THE LEASTPERFORMING UNDERLYING. THIS MARKET RISK IS IN ADDITION TO THE CREDIT RISK INHERENT INPURCHASING OUR DEBT OBLIGATIONS. YOU SHOULD NOT PURCHASE THE NOTES IF YOU DO NOTUNDERSTAND OR ARE NOT COMFORTABLE WITH THE SIGNIFICANT RISKS INVOLVED IN INVESTING IN THENOTES.YOU SHOULD CAREFULLY CONSIDER THE RISKS DESCRIBED UNDER “KEY RISKS” BEGINNING ON PAGE 6 OF THIS PRICING SUPPLEMENT AND UNDER “RISK FACTORS” IN THE ACCOMPANYING PROSPECTUS,PROSPECTUS SUPPLEMENT AND PRODUCT SUPPLEMENT BEFORE PURCHASING ANY NOTES. EVENTSRELATING TO ANY OF THOSE RISKS, OR OTHER RISKS AND UNCERTAINTIES, COULD ADVERSELY AFFECTTHE MARKET VALUE OF, AND THE RETURN ON, YOUR NOTES. YOU COULD LOSE A SIGNIFICANT PORTION ORALL