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Published on 6/8/2006 in the Prospect News Convertibles Daily.

RBC to price 0% notes linked to Nikkei

By Jennifer Chiou

New York, June 8 - Royal Bank of Canada is planning to price an issue of principal-protected senior notes due June 30, 2010 linked to the Nikkei 225 index, according to a SUPPL filing with the Securities and Exchange Commission.

The notes will be priced on June 28 and will settle on June 30.

Payout at maturity will par plus any gain on the index on June 28, 2010, the final valuation date. Investors will receive at least par.

RBC Capital Markets Corp. will be the underwriter.


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