New Issue: RBC prices $3.78 million notes on MSCI World ESG Quality Select Low Volatility

Chicago, May 5 – Royal Bank of Canada priced $3.78 million of 0% notes due April 28, 2028 linked to the MSCI World ESG Quality Select Low Volatility 10% Risk Control 2% 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 1.06 times the index return.

Otherwise, investors will receive par.

RBC Capital Markets, LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Notes
Underlying index:	MSCI World ESG Quality Select Low Volatility 10% Risk Control 2% Decrement index
Amount:	$3,782,000
Maturity:	April 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.06 times any index gain; otherwise, par
Initial level:	2,584.298
Pricing date:	April 25
Settlement date:	April 28
Agent:	RBC Capital Markets, LLC
Fees:	3.25%
Cusip:	78016HXD7

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