RBC Rolls Out Auto-Callable Notes Tied to Major Stock Market Indexes
Royal Bank of Canada has launched auto-callable contingent coupon barrier notes tied to three major stock market indexes. The minimum investment is $1,000 and they mature on September 7, 2029.
The notes are linked to the Nasdaq-100 Index, Russell 2000 index, and S&P 500 Index. Investors should be aware that the initial estimated value is anticipated to be below the public offering price, and the secondary market value may also fall below the original purchase price.
The notes offer contingent monthly coupons if they have not been auto-called. For each underlying index, the coupon threshold and barrier value are set at 60% of its initial value. RBC Capital Markets, LLC acts as the underwriter, with the preliminary pricing supplement dated September 2, 2026.
The public offering price is set at 100.00% per note. Underwriting discounts and commissions total 0.50%, resulting in proceeds to Royal Bank of Canada of 99.50%. Selling concessions may reach $5.00 per $1,000 principal amount, and an unaffiliated broker-dealer could receive a referral fee of up to $5.00 per $1,000.