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Published on 4/28/2006 in the Prospect News Convertibles Daily.

New Issue: RBC prices $2 million notes linked to international index basket

By Angela McDaniels

Seattle, April 28 - Royal Bank of Canada priced a $2 million issue of 0% principal-protected notes due April 29, 2011 linked to a basket of international indexes, according to a SUPPL filing with the Securities and Exchange Commission.

The basket includes the Nikkei 225 Index with a 25% weight, the Dow Jones Euro Stoxx 50 Index with a 25% weight, the FTSE 100 Index with a 20% weight, the S&P 500 Index with a 15% weight and the iShares MSCI Mexico Index Fund with a 15% weight.

Payout at maturity will par plus any again on the index basket on April 27, 2011, the final valuation date. Investors will receive at least par.

Issuer:Royal Bank of Canada
Issue:Principal-protected senior global medium-term notes, series B
Underlying indexes:Nikkei 225 Index (25%), Dow Jones Euro Stoxx 50 Index (25%), FTSE 100 Index (20%), S&P 500 Index (15%), iShares MSCI Mexico Index Fund (15%)
Amount:$2 million
Maturity:April 29, 2011
Coupon:0%
Price:Par
Payout at maturity:Par plus basket return; floor of par
Pricing date:April 26
Settlement date:April 28
Underwriter:RBC Capital Markets Corp.

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