Create a Price Tag Icon with Rounded Corners

It is entirely possible to create this in Photoshop, using the pen tool to create vector paths, stroking the paths; it would however be far easier and faster to create this as vector art in Illustrator or Affinity Designer, Sketch App or Inkscape.

That said, it’s a very basic beziér pen tool exercise – I’d start by drawing it aligned horizontally and rotating once you have it complete to make the process simpler:

I set up guides to make proportioning easier (and I add more as I go through) and start my vertical penline by snapping to the lefthand vertical guide I drew – use shift to constrain the lines to 45º increments:

Complete the basic round-rect shape:

Switch to the add a point pen tool (has a + symbol by it), and add a point at the centre of the right-hand vertical segment of your path:

Switch to the white arrow (direct select) tool and pull out that just-added anchor point, with shift held to constrain to a horizontal movement:

Add an ellipse to your path for the hole, starting at the centre (I added a guideline) by holding option (Mac) or alt (Win) as you click and pull; switch to the Paths palette (next to the Layers palette), choose your work path and right-click on it to then choose “Stroke Path” (note: select your brush and brush size first!):

And this is the result.

Hope this helps.