RBC to price 0% booster notes linked to commodities basket

By Angela McDaniels

Seattle, June 6 - Royal Bank of Canada plans to price an offering of zero-coupon principal-protected booster notes due June 29, 2012 linked to a basket of commodities, according to a 424B5 filing with the Securities and Exchange Commission.

The basket will include copper, nickel and zinc, each with a 30% weight, and ICE Brent crude oil with a 10% weight.

If the basket remains flat or shows a gain, the payout at maturity will be par plus the greater of the basket gain and the trigger coupon. If the basket falls, the payout will be par.

The trigger coupon is expected to be 80% to 100% and will be determined at pricing.

The notes will price on June 27 and settle on June 29.

RBC Capital Markets Corp. will be the underwriter.

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