| |
RBC Announces New Series of Principal Protected Currency-Linked
Notes
NEW YORK, April 20, 2007 — RBC today announced
that Royal Bank of Canada has filed a Preliminary Pricing
Supplement dated April 13, 2007, which relates to its Principal
Protected Currency-Linked Notes, due April 30, 2009 (the "Currency-Linked
Notes"), which are linked to a basket of Asian currencies.
RBC Capital Markets is the underwriter of the offering.
The Currency-Linked 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 provide a
return, if any, based on the positive performance of a basket
of Asian currencies (versus the U.S. dollar), between the
pricing date and the final valuation date, April 28, 2009.
The Notes will not pay a traditional, periodic rate of interest.
Rather, if the basket's performance at maturity is positive,
the Notes will pay a coupon based on such positive performance.
The basket of currencies are the Chinese renminbi (comprising
74 percent of the basket), the Thai baht, the Indian rupee
and the Indonesian rupiah (each comprising approximately 8-2/3
percent of the basket). RBC expects to price these 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.
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.
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.
- 30 -
For more information, please contact:
Kevin Foster, RBC Capital Markets
(212) 428-6902
kevin.foster@rbccm.com
|
|
