RBC announces Commodity Bonus Booster Notes



    TORONTO, June 20 /CNW/ - In response to investor demand for innovative
commodity structures, RBC today issued the next series of RBC Principal
Protected Commodity Booster Notes.
    Offering 100 per cent principal protection, the RBC Principal Protected
Commodity Booster Notes, Series 3 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 50 per
cent, the Notes will return 50 per cent at maturity - the "Booster Zone". For
any appreciation greater than 50 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.
    In addition, there is the potential for an interim coupon payment of
20 per cent on the Note at year 3. If, on the third annual anniversary date of
the Note, the commodity basket has a positive appreciation, the investor will
receive a 20 per cent coupon at year three. Whether the 20 per cent interim
coupon is paid at year 3 or not, the Note remains in effect for the entire
5-year term and is eligible for the 50 per cent Booster payout at maturity.
The Notes are issued in Canadian dollars and there is no direct foreign
currency exposure.
    The RBC Principal Protected Commodity Booster Notes can be purchased
through FundSERV (code RBC323) and are available to self-directed investors,
as well as through investment advisors and financial planners up until
July 20, 2007. With a maturity date of July 25, 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: Media contact: Jackie Braden, (416) 974-2124


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