加拿大皇家银行美股招股说明书(2026-07-30版)

Royal Bank of Canada Trigger Autocallable Contingent Yield Notes$5,735,500 Notes Linked to the Least Performing of the Nasdaq-100 Index® and the EURO STOXX 50®Index dueJuly 31, 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 Nasdaq-100 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 its Downside Threshold (which is the same value asits Coupon Barrier), we will pay you a cash payment at maturity equal to the principal amount of your Notes plus theContingent Coupon for the final quarter. However, if the Notes are not called prior to maturity and the Final UnderlyingValue of the Underlying with the lowest percentage change from its Initial Underlying Value (the “Least PerformingUnderlying”) is less than its Downside Threshold, we will pay you less than the full principal amount at maturity, if anything,resulting in a loss of principal amount that is proportionate to the negative Underlying Return of the Least PerformingUnderlying, and you will lose up to 100% of the principal amount.Investing in the Notes involves significant risks. Youwill not receive a coupon for any Coupon Observation Date on which any Underlying closes below its CouponBarrier. The Notes will not be automatically called if any Underlying closes below its Initial Underlying Value on aquarterly Call Observation Date. You will lose a significant portion or all of your principal amount if the Notes arenot called and the Final Underlying Value of the Least Performing Underlying is less than its Downside Threshold.The contingent repayment of principal applies only at maturity. Generally, the higher the Contingent Coupon Rateon a Note, the greater the risk of loss. Any payment on the Notes, including any repayment of principal, is subjectto our creditworthiness. If we default on our payment obligations, you may not receive any amounts owed to youunder the Notes and you could lose your entire investment. The Notes will not be listed on any securitiesexchange.FeaturesKey Dates 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 OF THE PRINCIPAL AMOUNT OF YOUR NOTES.Note Offering We are offering Trigger Autocallable Contingent Yield Notes Linked to the Least Performing of the Nasdaq-100 Index® andthe EURO STOXX 50®Index. The Notes will be issued in minimum denominations of $10, and integral multiples of $10 in excess thereof, with a minimum investment of $1,000. The Initial Underlying Value, Downside Threshold and CouponBarrier of each Underlying were determined and the Contingent Coupon Rate was set on the Trade Date.ContingentCoupon RateInitial UnderlyingDownside * With respect to each Underlying, the closing value of that Underlying on the Trade Date** Rounded to two decimal places See “Additional Information about Royal Bank of Canada and the Notes” in this pricing supplement. The Noteswill have the terms specified in the prospectus dated December 20, 2023, the prospectus supplement datedDecember 20, 2023, the underlying supplement no. 1A dated May 16, 2024, the product supplement no. 1B datedJuly 22, 2025 and this pricing supplement.None of the Securities and Exchange Commission (the “SEC”), any state securities commission or any other re