加拿大皇家银行美股招股说明书(2026-05-04版)

$686,000Daily Auto-Callable Absolute Return Digital NotesLinked to the S&P 500®Index,Due August 4, 2027 Pricing Supplement Pricing Supplement dated April 30, 2026 to the Prospectusdated December 20, 2023, the Prospectus Supplementdated December 20, 2023, the Underlying Supplement No.1A dated May 16, 2024 and the Product Supplement No.1B dated July 22, 2025 Royal Bank of Canada RoyalBank of Canada is offering Daily Auto-Callable Absolute Return Digital Notes(the“Notes”)linked to theperformance of the S&P 500®Index (the “Underlier”). Call Feature— If, on any daily Call Observation Date, the closing value of the Underlier is less than the BarrierValue (80% of the Initial Underlier Value), the Notes will be automatically called for their principal amount, with noadditional return. No further payments will be made on the Notes. Contingent Fixed Return— If the Notes are not automatically called and the Final Underlier Value is greaterthan or equal to the Initial Underlier Value, at maturity, investors will receive a fixed return equal to the Digital Absolute Value Return— If the Notes are not automatically called and the Final Underlier Value is less than theInitial Underlier Value, at maturity, investors will receive a one-for-one positive return equal to the absolute value ofthe Underlier Return.The Notes do not pay interest.Any payments on the Notes are subject to our credit risk.The Notes will not be listed on any securities exchange.CUSIP:78017UUG3 Investing in the Notes involves a number of risks. See “Selected Risk Considerations” beginning on page P-6 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 regulatorybody 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 Underwriting discounts and commissionsProceeds to Royal Bank of Canada RBC Capital Markets, LLC, acting as our agent, will not receive a commission in connection with its sales of the Notes.We or one of our affiliates may pay a broker-dealer that is not affiliated with us a structuring fee of up to $4.00 per $1,000principal 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 estimatedvalue, is $992.01 per $1,000 principal amount of Notes and is less than the public offering price of the Notes. 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. 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 RBC Capital Markets, LLC (“RBCCM”) Minimum Investment:$1,000 and minimum denominations of $1,000 in excess thereof ADDITIONAL TERMS OF YOUR NOTES You should read this pricing supplement together with the prospectus dated December 20, 2023, as supplemented by theprospectus supplement dated December 20, 2023, relating to our Senior Global Medium-Term Notes, Series J, of whichthe Notes are a part, the underlying supplement no. 1A dated May 16, 2024 and the product supplement no. 1B dated July22, 2025. This pricing supplement, together with these documents, contains the terms of the Notes and supersedes all We have not authorized anyone to provide any information or to make any representations other than those contained orincorporated by reference in this pricing supplement and the documents listed below. We take no responsibility for, andcan provide no assurance as to the reliability of, any other information that others may give you. These documents are an If the information in this pricing supplement differs from the information contained in the documents listed below, youshould rely on the information in this pricing supplement. You should carefully consider, among other things, the matters set forth in “Selected Risk Considerations” in this pricingsupplement and “Risk Factors” in the documents listed below, as the Notes involve risks not associated with conventionaldebt securities. We urge you to consult your investment, legal, tax, accounting and other advisers before you invest in the You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, byreviewing our filings for the relevant date on the SEC website): Prospectus d