加拿大皇家银行美股招股说明书(2026-08-24版)

Pricing Supplement to theProspectus dated December 20, 2023,the Series J Prospectus Supplement dated December20, 2023, theUnderlying Supplement No. 1A dated May 16, 2024and theProduct Supplement No. 1B dated July 22,2025 Royal Bank of Canada$ Buffered Digital Plus Basket-Linked Notes, due The notes will not bear interest.The amount that you will be paid on your notes on the stated maturity date (expected tobe the second scheduled business day after the determination date) is based on the performance of a weighted basket(the “basket”) comprised of the EURO STOXX 50®Index (40.00% weighting), the TOPIX®Index (25.00% weighting), theFTSE®100 Index (17.00% weighting), the Swiss Market Index (11.00% weighting) and the S&P®/ASX 200 Index (7.00%weighting) (each a “basket underlier”) as measured from the trade date to and including the determination date (expectedto be between 23 and 26 months after the trade date). The initial basket level is 100, and the final basket level will equalthe sum of the following, calculated for each basket underlier: (i) the final underlier level for that basket underlierdividedbythe initial underlier level for that basket underlier (set on the trade date and expected to be the closing level of thatbasket underlier on the trade date)times(ii) the initial weighted value of that basket underlier. If the final basket level onthe determination date is greater than or equal to the initial basket level, the return on your notes will be positive and youwill receive the greater of (1) the threshold settlement amount (expected to be between $1,176.50 and $1,207.60 for each$1,000 principal amount of notes) and (2) the $1,000 principal amountplustheproductof $1,000timesthe basket return(as defined below).If the final basket level is less than the initial basket level but greater than or equal to the bufferlevel of 90.00% of the initial basket level, you will receive the principal amount of your notes. If the final basketlevel is less than the buffer level, the return on your notes will be negative. You could lose your entire investmentin the notes.To determine your payment at maturity, we will calculate the basket return, which is the percentage increase or decrease in the final basket level from the initial basket level. On the stated maturity date, for each $1,000 principal amount of notes,you will receive an amount in cash equal to:if the basket return ispositive or zero(the final basket level isgreater than or equal tothe initial basket level), the greaterof (i) the threshold settlement amount and (ii) thesumof (a) $1,000plus(b) theproductof (1) $1,000times(2)the basket return;if the basket return isnegativebutnot below-10.00% (the final basket level isless thanthe initial basket level but notby more than 10.00%), $1,000; orif the basket return isnegativeandis below-10.00% (the final basket level isless than90.00% of the initial basketlevel), thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) approximately 1.1111times(c) thesumof thebasket returnplus10.00%.This amount will be less than $1,000 and could be zero.The foregoing is only a brief summary of the terms of your notes. You should read the additional disclosure provided in this pricing supplement so that you may better understand the terms and risks of your investment.The initial estimated value of the notes determined by us as of the trade date, which we refer to as the initial estimated value, is expected to be between $962.30 and $992.30 per $1,000 principal amount of notes and will be less than theoriginal issue price. The final pricing supplement relating to the notes will set forth the initial estimated value. 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.Declines in one basket underlier may offset increases in the other basket underliers. Due to the unequal weighting of each basket underlier, the performances of the EURO STOXX 50®Index and the TOPIX®Index willhave a significantly larger impact on your return on the notes than the performance of the FTSE®100 Index, theSwiss Market Index or the S&P®/ASX 200 Index.Your investment in the notes involves certain risks, including, among other things, our credit risk. See the section “Selected Risk Factors” beginning on page PS-10 of this pricing supplement.Original issue date:, 2026Original issue price:100.00% of the principal amountUnderwriting discount:0.00% of the principal amountNet proceeds to the issuer:100.00% of the principal amountSee “Supplemental Plan of Distribution (Conflicts of Interest)” on page PS-17 of this pricing supplement. The original issue price, underwriting discount and net proceeds to the issuer listed above relate to the notes we sell initially. We may decide to sell additional notes after the date of this pricing supplement, at issue prices and withunderwriting discoun