New Issue: RBC sells $1.84 million notes on MSCI World ESG Quality Select Low Volatility

Chicago, June 8 – Royal Bank of Canada priced $1.84 million of 0% notes due Nov. 27, 2026 linked to the MSCI World ESG Quality Select Low Volatility 8% Risk Control 3% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.15 times the index return.

If the index return is zero or negative, the payout will be the greater of (a) par plus the index return and (b) 90% of par.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying index:	MSCI World ESG Quality Select Low Volatility 8% Risk Control 3% Decrement index
Amount:	$1,841,000
Maturity:	Nov. 27, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.15 times any index gain; if index finishes flat or falls, par plus index return, subject to floor of 90% of par
Initial level:	1,798.82
Pricing date:	Nov. 23, 2021
Settlement date:	Nov. 26, 2021
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016F3P7

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