RBC to price direct investment notes linked to basket of 20 stocks

By Angela McDaniels

Tacoma, Wash., Dec. 5 - Royal Bank of Canada plans to price 0% direct investment notes due Dec. 18, 2008 linked to an equally weighted basket of common stocks, according to a 424B5 filing with the Securities and Exchange Commission.

The stocks include Akamai Technologies, Inc., Alcoa Inc., Amgen Inc., AMR Corp., California Pizza Kitchen, Inc., Career Education Corp., CKE Restaurants, Inc., Cemex SAB de CV, Comcast Corp., Dell Inc., Genentech, Inc., Genworth Financial Inc., JPMorgan Chase & Co., Motorola, Inc., Patterson-UTI Energy, Inc., Pfizer Inc., Qualcomm Inc., Starwood Hotels & Resorts Worldwide, Inc., Symantec Corp. and TravelCenters of America LLC.

The payout at maturity will be 97.5% of par plus the basket return and the average dividend yield of the basket.s

The notes are expected to price on Dec. 6 and settle on Dec. 12.

RBC Capital Markets will be the underwriter.

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