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News Releases

 

RBC offers new commodity booster notes

TORONTO, March 27, 2007 — RBC today launched the RBC Commodity Booster Notes, Series 1 in response to investor demand for innovative commodity structures.

Offering 100 per cent principal protection, the RBC Commodity Booster Notes give investors access to a basket of commodities that includes crude oil, copper, nickel and zinc. For any appreciation in the commodity basket above zero per cent and less than 45 per cent, the Notes will return 45 per cent at maturity - the "Booster Zone". For any appreciation greater than 45 per cent, the investor will receive the full appreciation of the commodity basket at maturity. Should the change in the commodity basket be less than zero per cent, investors will receive their original principal amount at maturity. The Notes are issued in Canadian dollars and there is no direct foreign currency exposure.

The RBC Commodity Booster Notes can be purchased through FundSERV (code RBC321) and are available to self-directed investors, as well as through investment advisors and financial planners up until April 20, 2007. With a maturity date of April 27, 2012, these Notes are 100 per cent RRSP eligible. For complete details and to view the information statement, please visit www.rbccm.com/notes.

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For further information, please contact:
Jackie Braden (416) 974-2124

 

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03/27/2007 13:22:32