RBC Issues Snowflake-Linked Auto-Callable Notes with Potential for Quarterly Returns

Royal Bank of Canada has issued Auto-Callable Contingent Coupon Barrier Notes tied to Snowflake Inc. common stock, as detailed in a free writing prospectus filed with regulators.

The notes have a Trade Date of October 15, 2026, and a Maturity Date of October 18, 2029, with quarterly Call Observation Dates commencing about six months post-Trade Date.

The contingent coupon range is between $33.75 to $36.25 per $1,000 principal, equating to quarterly rates of 3.375%-3.625% or annualized rates of 13.50%-14.50%, determined on the Trade Date.

However, investors may receive no Contingent Coupons throughout the notes' term if the Underlier's closing value falls below the Coupon Threshold on a Coupon Payment Date.