加拿大皇家银行美股招股说明书(2026-03-09版)

Filed Pursuant to Rule 424(b)(2)Subject to Completion. Dated March 9, 2026. 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$ Capped Leveraged Buffered MSCI EAFE®Index-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 the MSCI EAFE®Index (which we refer to as the “underlier”) as measured from the trade date to and including the determination date(expected to be between 26 and 29 months after the trade date). If the final underlier level (defined below) on thedetermination date is greater than the initial underlier level (set on the trade date and expected to be the closing level ofthe underlier on the trade date), the return on your notes will be positive, subject to the maximum settlement amount(expected to be between $1,271.20 and $1,318.88 for each $1,000 principal amount of notes).If the final underlier levelis less than the initial underlier level but greater than or equal to the buffer level of 85.00% of the initial underlierlevel, you will receive the principal amount of your notes. If the final underlier level is less than the buffer level,the return on your notes will be negative. You could lose your entire investment in the notes.To determine your payment at maturity, we will calculate the underlier return, which is the percentage increase or decrease in the final underlier level from the initial underlier level. On the stated maturity date, for each $1,000 principalamount of notes, you will receive an amount in cash equal to:if the underlier return ispositive(the final underlier level isgreater thanthe initial underlier level), thesumof (i) $1,000 plus(ii) theproductof (a) $1,000times(b) the upside participation rate of 160%times(c) the underlier return, subjectto the maximum settlement amount;if the underlier return iszeroornegativebutnot below-15.00% (the final underlier level isequal toorless thantheinitial underlier level but not by more than 15.00%), $1,000; orif the underlier return isnegativeandis below-15.00% (the final underlier level isless than85.00% of the initialunderlier level), thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) approximately 1.1765times(c) thesumof the underlier returnplus15.00%.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 $962.70 and $992.70 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.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-8 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 principalamountSee “Supplemental Plan of Distribution (Conflicts of Interest)” on page PS-13 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 discounts and net proceeds that differ from the amounts set forth above. The return (whether positive ornegative) on your investment in the notes will depend in part on the issue price you pay for such notes.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. governmentalagency or instrumentality. The notes are not bail-inable notes and are not subject to conversion into our common sharesunder subsection 39.2(2.3) of the Canada Deposit Insurance Corpora