加拿大皇家银行美股招股说明书(2026-06-12版)

Registration Statement No. 333-275898Filed Pursuant to Rule 424(b)(2) The information in this preliminary pricing supplement is not complete and may be changed. Preliminary Pricing SupplementSubject to Completion: Dated June 11, 2026 Geared Buffer Digital NotesLinked to the Least Performing of Three Underliers, Pricing Supplement dated June __, 2026 to the Prospectusdated December 20, 2023, the Prospectus Supplementdated December 20, 2023, the Underlying Supplement No. Royal Bank of Canada Royal Bank of Canada is offering Geared Buffer Digital Notes (the “Notes”) linked to the performance of the leastperforming of the Russell 2000®Index, the S&P 500®Index and the State Street® Utilities Select Sector SPDR®(each, an “Underlier”). Contingent Fixed Return— If the Final Underlier Value of the Least Performing Underlier is greater than orequal to its Buffer Value (80% of its Initial Underlier Value), at maturity, investors will receive a fixed return equal tothe Digital Return of 13.85%.Principal at Risk— If the Final Underlier Value of the Least Performing Underlier is less than its Buffer Value, atmaturity, investors will lose 1.25% of the principal amount of their Notes for each 1% that the Final Underlier Valueof the Least Performing Underlier is less than its Initial Underlier Value in excess of the Buffer Percentage of 20%. CUSIP:78017U6Y1Investing 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 (1)We or one of our affiliates may pay varying selling concessions of up to $3.00 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 $997.00 and $1,000.00 per The initial estimated value of the Notes determined by us as of the Trade Date, which we refer to as the initial estimatedvalue, is expected to be between $935.00 and $985.00 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. Geared Buffer Digital Notes Linked tothe Least Performing of ThreeUnderliers 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 productsupplement. Issuer:Underwriter: RBC Capital Markets, LLC (“RBCCM”) The Russell 2000®Index (the “RTY Index”), the S&P 500®Index (the “SPX Index”) and theState Street®Utilities Select Sector SPDR®ETF (the “XLU Fund”). We refer to each of theRTY Index and the SPX Index as an “Index.” (1)With respect to each Underlier, the closing value of that Underlier on the Trade Date(2)With respect to each Underlier, 80% of its Initial Underlier Value (rounded to three decimalplaces for the RTY Index and rounded to two decimal places for the SPX Index and the XLUFund) Trade Date:Issue Date:Valuation Date:* Investors will receive on the Maturity Date per $1,000 principal amount of Notes:If the Final Underlier Value of the Least Performing Underlier isgreater than orequal toits Buffer Value, an amount equal to: $1,000 + [$1,000 × (Underlier Return of the Least Performing Underlier + Buffer Percentage)× Downside Multiplier] If the Final Underlier Value of the Least Performing Underlier is less than its Buffer Value,you will lose some or all of your principal amount at maturity. All payments on the Notes aresubject to our credit risk. * Subject to postponement. See “General Terms of the Notes—Postponement of a Determination Date” and “GeneralTerms of the Notes—Postponement of a Payment Date” in the accompanying product supplement. Geared Buffer Digital Notes Linked tothe Least Performing of Three ADDITIONAL TERMS OF YOUR NOTES You should read this pricing supplement together with the prospectus dated December 20, 2023, as suppleme