加拿大皇家银行美股招股说明书(2026-04-20版)

The information in this preliminary pricing supplement is not complete and may be changed. Preliminary Pricing SupplementSubject to Completion: Dated April 17, 2026 Auto-Callable Contingent Coupon Barrier Notes withMemory CouponLinked to the Common Stock of The Goldman SachsGroup, Inc.,Due April 26, 2028 Pricing Supplement dated April __, 2026 to the Prospectusdated December 20, 2023, the Prospectus Supplementdated December 20, 2023 and the Product SupplementNo. 1B dated July 22, 2025 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 common stock of The Goldman Sachs Group, Inc. (the “Underlier”).Contingent Coupons with Memory Feature— If the Notes have not been automatically called, investors will receive a Contingent Coupon on a quarterly Coupon Payment Date at a rate of 10.50% per annum if the closingvalue of the Underlier is greater than or equal to the Coupon Threshold (60% of the Initial Underlier Value) on theimmediately preceding Coupon Observation Date. A Contingent Coupon that is not payable on a Coupon PaymentDate may be paid later, but only if the closing value of the Underlier is greater than or equal to the CouponThreshold on a later Coupon Observation Date. You may not receive any Contingent Coupons during the term ofthe Notes.Call Feature— If, on any quarterly Call Observation Date beginning approximately six months following the Trade Date, the closing value of the Underlier is greater than or equal to the Initial Underlier Value, the Notes will beautomatically called for 100% of their principal amountplusthe Contingent Coupon and any unpaid ContingentCoupons otherwise due. No further payments will be made on the Notes.Contingent Return of Principal at Maturity— If the Notes are not automatically called and the Final Underlier Value is greater than or equal to the Barrier Value (60% of the Initial Underlier Value), at maturity, investors willreceive the principal amount of their Notesplusthe Contingent Coupon and any unpaid Contingent Couponsotherwise due. If the Notes are not automatically called and the Final Underlier Value is less than the BarrierValue, at maturity, investors will receive shares of the Underlier that will likely be worth significantly less than theprincipal amount of their Notes and could be worth nothing.Any payments on the Notes are subject to our credit risk. CUSIP:78015QXF3Investing 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 andproduct supplement.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 Corporation Act.Per NoteTotal Price to public (1)We or one of our affiliates may pay varying selling concessions of up to $18.50 per $1,000 principal amount of Notes inconnection with the distribution of the Notes to other registered broker-dealers, consisting of a sales commission of up to$17.50 per $1,000 principal amount of Notes and a structuring fee of up to $1.00 per $1,000 principal amount of Notes.See “Supplemental Plan of Distribution (Conflicts of Interest)” below.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 $926.50 and $976.50 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 lessthan this amount. We describe the determination of the initial estimated value in more detail below.RBC Capital Markets, LLC Auto-Callable Contingent CouponBarrier Notes with Memory CouponLinked to the Common Stock of TheGoldman Sachs Group, Inc. KEY TERMS The information in this “Key Terms” section is qualified by any more detailed information set forth in this pricingsupplement and in the accompanying prospectus, prospectus supplement and product supplement. Issuer:Underwriter:Minimum Investment:Underlier: RBC Capital Markets, LLC (“RBCCM”) $1,000 and minimum denominations of $1,000 in excess thereof The common stock of The Goldman Sachs Group, Inc. (1)