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RY 424B2: Shelf registration

Royal Bank of Canada

Filed with the SEC on · accession 0000950103-26-016932

RY filed a 424B2 (prospectus (offering)) with the SEC on Nov 4, 2026. The final terms of an offering of shares or bonds. The stock moved +3.0% by the first close after the filing.

Summary of the filing

Royal Bank of Canada filed a preliminary pricing supplement (424B2) for an offering of Capped Return Notes linked to the VanEck Gold Miners ETF, due November 29, 2029, with a maximum return of at least 39% and principal protection if the underlier declines.

For details, click here →How to read a 424B2 →

Key details

Price to public per note$1K
Underwriting discount per note$25
Proceeds to Royal Bank of Canada per note$975
Maximum payment at maturity per note (at least)$1K
Initial estimated value range per note (low)$905
Initial estimated value range per note (high)$955
IssuerRoyal Bank of Canada
Underwriter and calculation agentRBC Capital Markets, LLC
UnderlierVanEck Gold Miners ETF

How RY stock reacted

Close before

$203.61

Nov 3, 2026

First close after

+3.04%

$209.79

5 trading days

—

Since filing

+0.07%

$203.76

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Frequently asked questions

What did RY file with the SEC on Nov 4, 2026?

RY filed a 424B2 (Shelf registration). Royal Bank of Canada filed a preliminary pricing supplement (424B2) for an offering of Capped Return Notes linked to the VanEck Gold Miners ETF, due November 29, 2029, with a maximum return of at least 39% and principal protection if the underlier declines.

What does a shelf registration mean for RY stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B2?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B2 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did RY stock react to this filing?

RY closed at $203.61 before the filing and $209.79 on Nov 4, 2026 (+3.04%).

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