RBC offers principal protected note linked to commodities in Canada

But if the performance of the basket is greater than 50%, the investor will receive the total return of the basket at maturity. In addition, there is the potential for an interim coupon payment of 20% at year three. Irrespective of whether the 20% interim coupon is paid at year three or not, investors can still receive the 50% booster payout at maturity.

The notes are denominated in Canadian dollars and there is no direct foreign currency exposure.

The offer of the note ends on July 20.

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