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RBC announces new series of Principal Protected Equity Index-Linked
"Booster" Notes
NEW YORK, April 19, 2007 — RBC today announced
that Royal Bank of Canada has filed a Preliminary Pricing
Supplement dated April 10, 2007, which relates to its Principal
Protected Equity Index-Linked "Booster" Notes, due
April 30, 2012 (the "Equity-Linked 'Booster' Notes"),
which are linked to a basket of international stock indices.
RBC Capital Markets is the underwriter of the offering.
The Equity-Linked "Booster" Notes, which will be
issued under Royal Bank of Canada's Senior Global Medium-Term
Notes, Series C, program, are 100 percent principal protected
and, under certain circumstances, provide an enhanced return
based on the performance of a basket of two international
stock indices, between the pricing date and the final valuation
date, April 26, 2012. The Notes will not pay a traditional,
periodic rate of interest. Rather, under certain circumstances,
these notes will pay an enhanced coupon at maturity, so long
as the basket's performance is positive. If the basket's performance
at maturity is negative, investors will only receive their
principal. The basket indices are Dow Jones EURO STOXX 50®
Index and the Nikkei 225 Index® (each comprising 50 percent
of the basket). RBC expects to price these Equity-Linked "Booster"
Notes on April 26, 2007.
This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state, province or other
jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state, province or other jurisdiction.
The Preliminary Pricing Supplement dated April 4, 2007, as
well as the base prospectus dated January 5, 2007, and the
Medium-Term Notes prospectus supplement dated February 28,
2007, which relate to it, are available on the web site of
the U.S. Securities and Exchange Commission, www.sec.gov.
They are also available from RBC Capital Markets Corporation,
One Liberty Plaza, New York NY 10006, and RBC Dain Rauscher
Inc., a selling group member.
"Dow Jones Euro STOXX 50® Index" is a service
mark of Dow Jones & Company, Inc. and STOXX Limited. "Nikkei
225 Index" is a trademark of Nihon Keizai Shimbun, Inc.
These marks have been licensed for use by Royal Bank of Canada.
Principal Protected Equity Index-linked "Booster"
Notes, due April 30, 2012 are not sponsored, endorsed, sold
or promoted by Dow Jones & Company, Inc., STOXX Limited
or Nihon Keizai Shimbun, Inc. and none of these parties makes
any representation, warranty, or condition regarding the advisability
of investing in the Principal Protected Equity Index-linked
"Booster" Notes, due April 30, 2012.
About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries
operate under the master brand name of RBC. We are Canada's
largest bank as measured by assets and market capitalization
and one of North America's leading diversified financial services
companies. We provide personal and commercial banking, wealth
management services, insurance, corporate and investment banking
and transaction processing services on a global basis. Our
corporate support team enables business growth with expert
professional advice and state-of-the art processes and technology.
We employ approximately 70,000 full- and part-time employees
who serve more than 14 million personal, business, public
sector and institutional clients throughout offices in North
America and 34 countries around the world. For more information,
please visit www.rbc.com.
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For more information, please contact:
Kevin Foster, RBC Capital Markets
(212) 428-6902
kevin.foster@rbccm.com
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