加拿大皇家银行美股招股说明书(2026-02-20版)

The information in this preliminary pricing supplement is not complete and may be changed. Preliminary Pricing SupplementSubject to Completion: Dated February 19,2026 Auto-Callable Contingent Coupon Barrier Notes withMemory CouponLinked to the Least Performing of Two Underliers, Pricing Supplement dated February __, 2026 to theProspectus dated December 20, 2023, the ProspectusSupplement dated December 20, 2023, the UnderlyingSupplement No. 1A dated May 16, 2024 and the Product Royal Bank of Canada Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes with Memory Coupon (the “Notes”)linked to the performance of the least performing of the Russell 2000®Index and the EURO STOXX 50® “Underlier”).Contingent Coupons with Memory Feature— If the Notes have not been automatically called, investors will Index (each, anreceive a Contingent Coupon on a quarterly Coupon Payment Date at a rate of 8.15% per annum if the closingvalue of each Underlier is greater than or equal to its Coupon Threshold (70% of its Initial Underlier Value) on theimmediately preceding Coupon Observation Date. A Contingent Coupon that is not payable on a Coupon Payment Call Feature— If, on any quarterly Call Observation Date beginning approximately one year following the TradeDate, the closing value of each Underlier is greater than or equal to its Initial Underlier Value, the Notes will beautomatically called for 100% of their principal amountplusthe Contingent Coupon and any unpaid Contingent Contingent Return of Principal at Maturity— If the Notes are not automatically called and the Final UnderlierValue of the Least Performing Underlier is greater than or equal to its Barrier Value (70% of its Initial UnderlierValue), at maturity, investors will receive the principal amount of their Notesplusthe Contingent Coupon and anyunpaid Contingent Coupons otherwise due. If the Notes are not automatically called and the Final Underlier Value Any payments on the Notes are subject to our credit risk.The Notes will not be listed on any securities exchange. CUSIP:78017UJC5 Investing 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 and 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 Price to public(1)Underwriting discounts and commissionsProceeds to Royal Bank of Canada(1) We or one of our affiliates may pay varying selling concessions of up to $23.50 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 $976.50 and $1,000.00 per$1,000 principal amount of Notes. See “Supplemental Plan of Distribution (Conflicts of Interest)” below. value, is expected to be between $919.18 and $969.18 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 less Auto-Callable Contingent CouponBarrier Notes with Memory Coupon KEY TERMS The information in this “Key Terms” section is qualified by any more detailed information set forth in this pricingsupplementand in the accompanying prospectus,prospectus supplement,underlying supplement and product Royal Bank of Canada RBC Capital Markets, LLC (“RBCCM”) $1,000 and minimum denominations of $1,000 in excess thereof The Russell 2000®Index (the “RTY Index”) and the EURO STOXX 50®Index (the“SX5E Index”) With respect to each Underlier, 70% of its Initial Underlier Value (rounded to threedecimal places for the RTY Index and rounded to two decimal places for the SX5EIndex) Trade Date:Issue Date:Valuation Date:* February 24, 2026February 27, 2026August 26, 2030August 29, 2030 If the Notes have not been automatically called, investors will receive a ContingentCoupon on a Coupon Payment Date if the closing value of each Underlier isgreater If a Contingent Coupon is not payable on any Coupon Payment Date, it will be paid onany later Coupon Payment Date on which a Contingent Coupon is payable, if any,together with the payment otherwise due on that later date. For the avoidance of doubt, oncea previously unpaid Contingent Coupon has been paid on a later Coupon of any Underlier