Filed pursuant to Rule 433

Registration No. 333-259205

 

ROYAL BANK OF CANADA

MEDIUM-TERM NOTES, SERIES I

$1,000,000,000

0.750% SENIOR NOTES, DUE OCTOBER 7, 2024

FINAL TERM SHEET

DATED OCTOBER 4, 2021

Terms and Conditions

Issuer:	Royal Bank of Canada
Title of the Series:	0.750% Senior Notes, due October 7, 2024 (the “Notes”)
Expected Ratings1:	A2 / A / AA- (Moody’s, Stable / S&P,  Stable / Fitch, Stable)
Principal Amount:	$1,000,000,000
Issue Price:	99.867%
Trade Date:	October 4, 2021
Settlement Date (T+3) 2:	October 7, 2021
Maturity Date:	October 7, 2024
Minimum Denomination:	$2,000 and multiples of $1,000
Interest Rate:	0.750%
Treasury Benchmark:	0.375% UST due September 15, 2024
Treasury Benchmark Price:	99-20 ¾
Treasury Yield:	0.495%
Re-offer Spread to Treasury Benchmark:	T + 30bps
Re-Offer Yield:	0.795%
Fees:	0.150%

¹ A credit rating is not a recommendation to buy, sell or hold securities, and it may be subject to revision or withdrawal at any time by the assigning rating organization.

² Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle no later than two business days after the trade date, unless the parties to such trade expressly agree otherwise at the time of the trade. Accordingly, purchasers who wish to trade on any date more than two business days prior to delivery of the Notes will be required, by virtue of the fact that the Notes initially will settle in three business days (T+3), to specify alternative settlement arrangements to prevent a failed settlement.

Interest Payment Dates:	Semi-annually on each April 7th and October 7th, beginning April 7, 2022
Payment Convention:	Following business day convention, unadjusted
Business Days:	New York, Toronto

Day Count Fraction:	30/360
Listing:	None
Optional Redemption:	None
Canadian Bail-in Powers Acknowledgment:	The Notes are subject to bail-in conversion under the Canadian bail-in regime.
CUSIP / ISIN:	78016EZX8 / US78016EZX83
Lead Managers and Joint Book Runners:	RBC Capital Markets, LLC Goldman Sachs & Co. LLC J.P. Morgan Securities LLC KeyBanc Capital Markets Inc. SG Americas Securities, LLC U.S. Bancorp Investments, Inc.
Co-Managers:	BNY Mellon Capital Markets, LLC Capital One Securities, Inc. Comerica Securities, Inc. Danske Markets Inc. Desjardins Securities Inc. Fifth Third Securities, Inc. Huntington Securities, Inc. MUFG Securities Americas Inc. National Bank of Canada Financial Inc. Rabo Securities USA, Inc. Regions Securities LLC Scotia Capital (USA) Inc. SMBC Nikko Securities America, Inc. Academy Securities, Inc. Bancroft Capital, LLC Drexel Hamilton, LLC R. Seelaus & Co., LLC Samuel A. Ramirez & Company, Inc. Siebert Williams Shank & Co., LLC

Royal Bank of Canada (the “Issuer”) has filed a registration statement (including a prospectus supplement and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read those documents and the other documents that the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the lead managers will arrange to send you the pricing supplement, the prospectus supplement, and the prospectus if you request them by contacting RBC Capital Markets, LLC toll free at 1-866-375-6829, Goldman Sachs & Co. LLC toll free at 1-866-471-2526, J.P. Morgan Securities LLC collect at 1-212-834-4533, KeyBanc Capital Markets Inc. toll free at 1-866-227-6479, SG Americas Securities, LLC toll free at 1-855-881-2108, or U.S. Bancorp Investments, Inc. toll free at 1-877-558-2607