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$\"\"$		Registration\nStatement No. 333-275898 \n\n Filed Pursuant to Rule 424(b)(2)


\n Pricing Supplement \n \n Pricing Supplement dated October 14, 2026 to the Prospectus\n dated December 20, 2023, the Prospectus Supplement dated December 20, 2023 and the Product Supplement No. 1B dated July 22, 2025 \n		\n $4,147,000 \n \n Redeemable Fixed Rate Notes, \n \n Due October 16, 2036 \n \n Royal Bank of Canada \n

Royal Bank of Canada is offering the Redeemable\nFixed Rate Notes (the “Notes”) described below.

The Notes will accrue interest at the rate of\n6.25% per annum, payable annually.

We may redeem the Notes in whole, but not in part,\nas described under “Key Terms” below.

Any payments on the Notes are subject to our credit\nrisk.

The Notes will not be listed on any securities\nexchange.

The Notes are bail-inable notes (as defined in\nthe accompanying prospectus supplement) and are subject to conversion in whole or in part—by means of a transaction or series of\ntransactions and in one or more steps—into common shares of Royal Bank of Canada or any of its affiliates under subsection 39.2(2.3)\nof the Canada Deposit Insurance Corporation Act (the “CDIC Act”) and to variation or extinguishment in consequence, and subject\nto the application of the laws of the Province of Ontario and the federal laws of Canada applicable therein in respect of the operation\nof the CDIC Act with respect to the Notes.

CUSIP: 78014R6J4

Investing in the Notes involves a number of\nrisks. See “Selected Risk Considerations” beginning on page P-4 of this pricing supplement and “Risk Factors”\nin the accompanying prospectus, prospectus supplement and product supplement.

None of the Securities and Exchange Commission\n(the “SEC”), any state securities commission or any other regulatory body has approved or disapproved of the Notes or passed\nupon the adequacy or accuracy of this pricing supplement. Any representation to the contrary is a criminal offense. The Notes will not\nconstitute deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other Canadian\nor U.S. governmental agency or instrumentality.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	\n Per Note	\n Total
Price to public⁽¹⁾	100.00%	$4,147,000
Underwriting discounts and commissions⁽¹⁾	\n 0.92%	\n $38,152.40
Proceeds to Royal Bank of Canada	99.08%	$4,108,847.60

⁽¹⁾ RBC Capital Markets, LLC will purchase\nthe Notes from us on the Issue Date at purchase prices between $987.50 and $1,000.00 per $1,000 principal amount of Notes, and will pay\nall or a portion of its underwriting discount of up to $12.50 per $1,000 principal amount of Notes to certain selected broker-dealers\nas a selling concession. Certain dealers who purchase the Notes for sale to certain fee-based advisory accounts and/or eligible institutional\ninvestors may forgo some or all of their selling concessions, fees or commissions. The public offering price for investors purchasing\nthe Notes in these accounts and/or for an eligible institutional investor may be as low as $987.50 per $1,000 principal amount of Notes.\nSee “Supplemental Plan of Distribution (Conflicts of Interest)” below.

RBC Capital Markets, LLC


	Redeemable Fixed Rate Notes

KEY TERMS

The information in this “Key Terms”\nsection is qualified by any more detailed information set forth in this pricing supplement and in the accompanying prospectus, prospectus\nsupplement and product supplement.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Issuer:	Royal Bank of Canada
Underwriter:	RBC Capital Markets, LLC (“RBCCM”)
Minimum Investment:	$1,000 and minimum denominations of $1,000 in excess thereof
Pricing Date:	October 14, 2026
Issue Date:	October 16, 2026
Maturity Date:*	October 16, 2036
Interest Rate:	6.25% per annum
Interest Payment Dates:*	Annually, on October 16 of each year, beginning on October 16, 2027 and ending on the Maturity Date. If an Interest Payment Date is not a business day, interest will be paid on the next business day, without adjustment, and no additional interest will be paid in respect of the postponement.
Payment at Maturity:	\n If the Notes are not redeemed at our option, we\n will pay you the principal amount, together with the applicable interest payment, on the Maturity Date. \n \n All payments on the Notes are subject to our\n credit risk. \n
Redemption:	The Notes are redeemable at our option, in whole, but not in part, on any Call Date upon 10 business days’ prior written notice. If we redeem the Notes, we will pay you the principal amount, together with the applicable interest payment, on the relevant Call Date. No further payments will be made on the Notes.
Call Dates:*	The Interest Payment Date scheduled to occur on October 16, 2029 and each Interest Payment Date thereafter
Day Count Convention:	30 / 360
Canadian Bail-in Powers Acknowledgment:	The Notes are bail-inable notes. See “Agreement with Respect to the Exercise of Canadian Bail-in Powers” below.
Calculation Agent:	RBCCM

* Subject to postponement. See “General Terms of the Notes—Postponement\nof a Payment Date” in the accompanying product supplement.

P-2	RBC Capital Markets, LLC


	Redeemable Fixed Rate Notes

ADDITIONAL TERMS OF YOUR NOTES

You should read this pricing supplement together\nwith the prospectus dated December 20, 2023, as supplemented by the prospectus supplement dated December 20, 2023, relating to our Senior\nGlobal Medium-Term Notes, Series J, of which the Notes are a part, and the product supplement no. 1B dated July 22, 2025. This pricing\nsupplement, together with these documents, contains the terms of the Notes and supersedes all other prior or contemporaneous oral statements\nas well as any other written materials, including preliminary or indicative pricing terms, correspondence, trade ideas, structures for\nimplementation, sample structures, fact sheets, brochures or other educational materials of ours.

We have not authorized anyone to provide any information\nor to make any representations other than those contained or incorporated by reference in this pricing supplement and the documents listed\nbelow. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give\nyou. These documents are an offer to sell only the Notes offered hereby, but only under circumstances and in jurisdictions where it is\nlawful to do so. The information contained in each such document is current only as of its date.

If the information in this pricing supplement differs\nfrom the information contained in the documents listed below, you should rely on the information in this pricing supplement.

You should carefully consider, among other things,\nthe matters set forth in “Selected Risk Considerations” in this pricing supplement and “Risk Factors” in the documents\nlisted below, as the Notes involve risks not associated with conventional debt securities. We urge you to consult your investment, legal,\ntax, accounting and other advisers before you invest in the Notes.

You may access these documents on the SEC website\nat www.sec.gov as follows (or if such address has changed, by reviewing our filings for the relevant date on the SEC website):

Prospectus dated December 20, 2023:

https://www.sec.gov/Archives/edgar/data/1000275/000119312523299520/d645671d424b3.htm

Prospectus Supplement dated December 20, 2023:

https://www.sec.gov/Archives/edgar/data/1000275/000119312523299523/d638227d424b3.htm

Product Supplement No. 1B dated July 22, 2025:

https://www.sec.gov/Archives/edgar/data/1000275/000095010325009131/dp231901_424b2-opsn1b.htm

Our Central Index Key, or CIK, on the SEC website\nis 1000275. As used in this pricing supplement, “Royal Bank of Canada,” the “Bank,” “we,” “our”\nand “us” mean only Royal Bank of Canada.

P-3	RBC Capital Markets, LLC


	Redeemable Fixed Rate Notes

SELECTED RISK CONSIDERATIONS

An investment in the Notes involves risks not associated\nwith an investment in ordinary fixed rate notes. We urge you to consult your investment, legal, tax, accounting and other advisers before\nyou invest in the Notes. Some of the risks that apply to an investment in the Notes are summarized below, but we urge you to read also\nthe “Risk Factors” sections of the accompanying prospectus, prospectus supplement and product supplement. You should not purchase\nthe Notes unless you understand and can bear the risks of investing in the Notes.

Risks Relating\nto the Terms and Structure of the Notes

The Notes Are Subject to the Risk of an Early\nRedemption — We have the option to redeem the Notes on the Call Dates set forth above. It is more likely that we will redeem\nthe Notes prior to the Maturity Date to the extent that the interest payable on the Notes is greater than the interest that would be payable\non our other instruments of a comparable maturity, terms and credit rating trading in the market. If the Notes are redeemed prior to the\nMaturity Date, you may have to re-invest the proceeds in a lower rate environment, and you will not receive any further payments on the\nNotes.

Notes with a Longer Term May Be Riskier than\nNotes with a Shorter Term — By purchasing a note with a longer tenor, you are more exposed to fluctuations in interest rates\nthan if you purchased a security with a shorter tenor. The value of a longer-dated note tends to be more sensitive to rising interest\nrates than the value of a shorter-dated note. If interest rates rise, the value of a longer-dated note will typically fall faster than\nthe value of a shorter-dated note. You should only purchase the Notes if you are comfortable with owning a security with a longer tenor.

Payments on the Notes Are Subject to Our Credit\nRisk, and Market Perceptions about Our Creditworthiness May Adversely Affect the Market Value of the Notes — The Notes are our\nsenior unsecured debt securities, and your receipt of any amounts due on the Notes is dependent upon our ability to pay our obligations\nas they come due. If we were to default on our payment obligations, you may not receive any amounts owed to you under the Notes and you\ncould lose your entire investment. In addition, any negative changes in market perceptions about our creditworthiness may adversely affect\nthe market value of the Notes.

Risks Relating to the Secondary Market for the\nNotes

There May Not Be an Active Trading Market for\nthe Notes; Sales in the Secondary Market May Result in Significant Losses — There may be little or no secondary market for the\nNotes. The Notes will not be listed on any securities exchange. RBCCM and our other affiliates may make a market for the Notes; however,\nthey are not required to do so and, if they choose to do so, may stop any market-making activities at any time. Because other dealers\nare not likely to make a secondary market for the Notes, the price at which you may be able to trade your Notes is likely to depend on\nthe price, if any, at which RBCCM or any of our other affiliates is willing to buy the Notes. Even if a secondary market for the Notes\ndevelops, it may not provide enough liquidity to allow you to easily trade or sell the Notes. We expect that transaction costs in any\nsecondary market would be high. As a result, the difference between bid and ask prices for your Notes in any secondary market could be\nsubstantial. If you sell your Notes before maturity, you may have to do so at a substantial discount from the price that you paid for\nthem, and as a result, you may suffer significant losses. The Notes are not designed to be short-term trading instruments. Accordingly,\nyou should be able and willing to hold your Notes to maturity.

Certain Built-in Costs Are Likely to Adversely\nAffect the Market Value of the Notes — While the payment at maturity is based on the full principal amount of your Notes, the\npublic offering price of the Notes includes the underwriting discount, our estimated profit and the estimated costs relating to our hedging\nof the Notes. As a result, assuming no change in market conditions or any other relevant factors, the price, if any, at which you may\nbe able to sell your Notes prior to maturity may be less than your original purchase price, as any such sale price would not be expected\nto include the underwriting discount, our estimated profit or the hedging costs relating to the Notes.

P-4	RBC Capital Markets, LLC


	Redeemable Fixed Rate Notes

Risks Relating to Conflicts of Interest and\nOur Trading Activities

Our and Our Affiliates’ Business and\nTrading Activities May Create Conflicts of Interest — You should make your own independent investigation of the merits of investing\nin the Notes. Our and our affiliates’ economic interests are potentially adverse to your interests as an investor in the Notes due\nto our and our affiliates’ business and trading activities, and we and our affiliates have no obligation to consider your interests\nin taking any actions that might affect the value of the Notes. Trading by us and our affiliates may adversely affect the market value\nof the Notes. See “Risk Factors—Risks Relating to Conflicts of Interest” in the accompanying product supplement.

RBCCM’s Role as Calculation Agent May\nCreate Conflicts of Interest — As Calculation Agent, our affiliate, RBCCM, will make any determinations necessary to calculate\nany payments on the Notes. In making these determinations, the Calculation Agent may be required to make discretionary judgments. In making\nthese discretionary judgments, the economic interests of the Calculation Agent are potentially adverse to your interests as an investor\nin the Notes, and any of these determinations may adversely affect any payments on the Notes. The Calculation Agent will have no obligation\nto consider your interests as an investor in the Notes in making any determinations with respect to the Notes.

P-5	RBC Capital Markets, LLC


	Redeemable Fixed Rate Notes

AGREEMENT WITH RESPECT TO THE\nEXERCISE OF CANADIAN BAIL-IN POWERS

By its acquisition of the Notes, each holder or\nbeneficial owner is deemed to (i) agree to be bound, in respect of that Note, by the CDIC Act, including the conversion of that Note,\nin whole or in part—by means of a transaction or series of transactions and in one or more steps—into common shares of the\nBank or any of its affiliates under subsection 39.2(2.3) of the CDIC Act and the variation or extinguishment of that Note in consequence,\nand by the application of the laws of the Province of Ontario and the federal laws of Canada applicable therein in respect of the operation\nof the CDIC Act with respect to that Note; (ii) attorn and submit to the jurisdiction of the courts in the Province of Ontario with respect\nto the CDIC Act and those laws; and (iii) acknowledge and agree that the terms referred to in paragraphs (i) and (ii), above, are binding\non that holder or beneficial owner despite any provisions in the indenture or that Note, any other law that governs that Note and any\nother agreement, arrangement or understanding between that holder or beneficial owner and the Bank with respect to that Note.

Holders and beneficial owners of any Note will\nhave no further rights in respect of that Note to the extent that Note is converted in a bail-in conversion, other than those provided\nunder the bail-in regime, and by its acquisition of an interest in any Note, each holder or beneficial owner of that Note is deemed to\nirrevocably consent to the converted portion of the principal amount of that Note and any accrued and unpaid interest thereon being deemed\npaid in full by the Bank by the issuance of common shares of the Bank (or, if applicable, any of its affiliates) upon the occurrence of\na bail-in conversion, which bail-in conversion will occur without any further action on the part of that holder or beneficial owner or\nthe trustee; provided that, for the avoidance of doubt, this consent will not limit or otherwise affect any rights that holders or beneficial\nowners may have under the bail-in regime.

See “Description of Notes We May Offer―Special\nProvisions Related to Bail-inable Notes” in the accompanying prospectus supplement for a description of provisions applicable to\nthe Notes as a result of Canadian bail-in powers.

UNITED STATES FEDERAL INCOME\nTAX CONSIDERATIONS

You should review carefully the section in the\naccompanying product supplement entitled “United States Federal Income Tax Considerations,” focusing particularly on the section\nentitled “—Tax Consequences to U.S. Holders—Notes Treated as Debt Instruments—General.” The following discussion,\nwhen read in combination with “United States Federal Income Tax Considerations” in the accompanying product supplement, constitutes\nthe full opinion of our counsel, Davis Polk & Wardwell LLP, regarding the material U.S. federal income tax consequences of owning\nand disposing of the Notes. This discussion assumes that you purchased the Notes for cash in the original issuance at the stated issue\nprice and does not address other circumstances specific to you. In the opinion of our counsel, which is based on representations provided\nby us, it is reasonable to treat the Notes for U.S. federal income tax purposes as debt instruments that are issued without original issue\ndiscount. You should consult your tax adviser regarding the U.S. federal income tax consequences of an investment in the Notes in your\nparticular circumstances, as well as tax consequences arising under the laws of any state, local or non-U.S. taxing jurisdiction.

SUPPLEMENTAL PLAN OF DISTRIBUTION\n(CONFLICTS OF INTEREST)

After the initial offering of the Notes, the public\noffering price of the Notes may change.

RBCCM or another of its affiliates or agents may\nuse this pricing supplement in the initial sale of the Notes. In addition, RBCCM or another of our affiliates may use this pricing supplement\nin a market-making transaction in the Notes after their initial sale. Unless we or our agent informs the purchaser otherwise in\nthe confirmation of sale, this pricing supplement is being used in a market-making transaction.

For additional information about the settlement\ncycle of the Notes, see “Plan of Distribution” in the accompanying prospectus. For additional information as to the relationship\nbetween us and RBCCM, see the section “Plan of Distribution—Conflicts of Interest” in the accompanying prospectus.

P-6	RBC Capital Markets, LLC


	Redeemable Fixed Rate Notes

VALIDITY OF THE NOTES

In the opinion of Norton Rose Fulbright Canada\nLLP, as Canadian counsel to the Bank, the issue and sale of the Notes has been duly authorized by all necessary corporate action of the\nBank in conformity with the indenture, and when the Notes have been duly executed, authenticated and issued in accordance with the indenture\nand delivered against payment therefor, the Notes will be validly issued and, to the extent validity of the Notes is a matter governed\nby the laws of the Province of Ontario or Québec, or the federal laws of Canada applicable therein, will be valid obligations of\nthe Bank, subject to the following limitations: (i) the enforceability of the indenture may be limited by the Canada Deposit Insurance\nCorporation Act (Canada), the Winding-up and Restructuring Act (Canada) and bankruptcy, insolvency, reorganization, receivership, moratorium,\narrangement or winding-up laws or other similar laws of general application affecting the enforcement of creditors’ rights generally;\n(ii) the enforceability of the indenture is subject to general equitable principles, including the principle that the availability of\nequitable remedies, such as specific performance and injunction, may only be granted at the discretion of a court of competent jurisdiction;\n(iii) under applicable limitations statutes generally, including that the enforceability of the indenture will be subject to the limitations\ncontained in the Limitations Act, 2002 (Ontario), and such counsel expresses no opinion as to whether a court may find any provision of\nthe indenture to be unenforceable as an attempt to vary or exclude a limitation period under such applicable limitations statutes; (iv)\nrights to indemnity and contribution under the Notes or the indenture which may be limited by applicable law; and (v) courts in Canada\nare precluded from giving a judgment in any currency other than the lawful money of Canada and such judgment may be based on a rate of\nexchange in existence on a day other than the day of payment, as prescribed by the Currency Act (Canada). This opinion is given as of\nthe date hereof and is limited to the laws of the Provinces of Ontario and Québec and the federal laws of Canada applicable therein.\nIn addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and delivery of the indenture\nand the genuineness of signatures and to such counsel’s reliance on the Bank and other sources as to certain factual matters, all\nas stated in the opinion letter of such counsel dated December 20, 2023, which has been filed as Exhibit 5.3 to the Bank’s Form\n6-K filed with the SEC dated December 20, 2023. References to the “indenture” in this paragraph mean the Indenture as defined\nin the opinion of Norton Rose Fulbright Canada LLP dated December 20, 2023, as further amended and supplemented by the sixth supplemental\nindenture dated as of July 23, 2024.

In the opinion of Davis Polk & Wardwell LLP,\nas special United States products counsel to the Bank, when the Notes offered by this pricing supplement have been issued by the Bank\npursuant to the indenture, the trustee has made, in accordance with the indenture, the appropriate notation to the master note evidencing\nsuch Notes (the “master note”), and such Notes have been delivered against payment as contemplated herein, such Notes will\nbe valid and binding obligations of the Bank, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency\nand similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability\n(including, without limitation, concepts of good faith, fair dealing and the lack of bad faith) and possible judicial or regulatory actions\nor applications giving effect to governmental actions or foreign laws affecting creditors’ rights, provided that such counsel\nexpresses no opinion as to (i) the enforceability of any waiver of rights under any usury or stay law or (ii) the effect of fraudulent\nconveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion is given as of\nthe date hereof and is limited to the laws of the State of New York. Insofar as the foregoing opinion involves matters governed by the\nlaws of the Provinces of Ontario and Québec and the federal laws of Canada, you have received, and we understand that you are relying\nupon, the opinion of Norton Rose Fulbright Canada LLP, Canadian counsel for the Bank, set forth above. In addition, this opinion is subject\nto customary assumptions about the trustee’s authorization, execution and delivery of the indenture and the authentication of the\nmaster note and the validity, binding nature and enforceability of the indenture with respect to the trustee, all as stated in the opinion\nof Davis Polk & Wardwell LLP dated May 16, 2024, which has been filed as an exhibit to the Bank’s Form 6-K filed with the SEC\non May 16, 2024. References to the “indenture” in this paragraph mean the Indenture as defined in the opinion of Davis Polk\n& Wardwell LLP dated May 16, 2024, as further amended and supplemented by the sixth supplemental indenture dated as of July 23, 2024.

P-7	RBC Capital Markets, LLC

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