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News Releases

 

RBC announces next series of commodity booster notes

TORONTO, May 1, 2007 — RBC today issued the RBC Commodity Booster Notes, Series 2 in response to investor demand for innovative commodity structures.

Offering 100 per cent principal protection, the RBC Commodity Booster Notes have a five year term and give investors access to a basket of commodities that includes Brent crude oil, copper, nickel and zinc. For any appreciation in the commodity basket above zero per cent and less than 55 per cent, the Notes will return 55 per cent at maturity - the "Booster Zone". For any appreciation greater than 55 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 or equal to 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 RBC322) and are available to self-directed investors, as well as through investment advisors and financial planners up until May 25, 2007. With a maturity date of May 31, 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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