Royal Bank of Canada (RBC) has announced its latest financial offering, filing a pricing supplement for $88,000 in Auto-Callable Contingent Coupon Barrier Notes linked to the performance of Amazon.com, Inc.'s common stock. This development is significant as it reflects RBC's ongoing strategy to innovate within the commercial banking sector while providing unique investment opportunities for its clients.

The notes will mature on November 1, 2029, and are designed to provide contingent coupon payments based on Amazon's stock performance. If the notes are not automatically called, investors may receive quarterly contingent coupons at a rate of 11.00% per annum, contingent upon Amazon's stock meeting specific thresholds. However, if the stock underperforms, investors could face a substantial loss of principal.

Background

Royal Bank of Canada, incorporated in Canada, operates under the SIC code 6029, which stands for Commercial Banks, NEC. The bank is publicly traded on the New York Stock Exchange under the ticker symbol RY and also on the OTC market as RYLBF. This filing is part of a series of recent submissions, including multiple pricing supplements and other forms, all dated November 3, 2026.

What the Filing Says

The filing, dated November 3, 2026, states: "Pricing Supplement dated October 30, 2026 to the Prospectus dated December 20, 2023." The notes are linked to Amazon's stock and are priced at 100% of their principal amount. RBC will receive approximately $86,240 from this offering after underwriting discounts and commissions.

Impact

This offering may attract a range of investors looking for exposure to Amazon's stock performance while also seeking the potential for higher returns through contingent coupons. The notes are not listed on any securities exchange, indicating a more personalized investment approach that RBC is taking to cater to specific investor needs.

What's Next

The filing does not say what happens next.