RBC plans 0% principal-protected notes linked to S&P GS Agriculture Excess Return

By Jennifer Chiou

New York, March 23 - Royal Bank of Canada plans to price zero-coupon principal-protected notes due October 2009 linked to the S&P GS Agriculture Excess Return index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any positive return on the index, capped at between 30% and 34% per note, for a maximum return of between 12% and 13.6% per year. Investors will receive at least par.

The notes will settle in April.

Citigroup will be the agent.

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