RBC to price 0% notes linked to iShares fund basket

By Jennifer Chiou

New York, Aug. 3 - Royal Bank of Canada plans to price an issue of 0% partial principal-protected senior notes due Aug. 31, 2011 linked to the iShares MSCI Singapore index fund, the iShares MSCI Hong Kong index fund and the iShares FTSE/Xinhua China 25 index fund, according to a SUPPL filing with the Securities and Exchange Commission.

The funds will be equally weighted.

The notes will be priced on Aug. 28 and will settle on Aug. 31.

Payout at maturity will par plus the greater of any gain on the basket or 155%. If the final basket level is less than the initial level, investors will receive the greater of the basket decline or 90%.

RBC Capital Markets Corp. will be the underwriter.

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