RBC Financial Group today announced two new series of principal protected notes, RBC Leon Frazer TargetYield Principal Protected Notes Series 1 and 2.

The two series of notes are linked to a portfolio comprised of bonds as well as Canadian equities and Canadian income trusts, both of which are managed by Leon Frazer & Associates.

RBC Leon Frazer TargetYield Notes Series 1 provide quarterly coupons equivalent to 100% of the ordinary cash distributions received on the equity investments. The RBC Leon Frazer TargetYield Notes Series 2 (Return of Capital Series) provide quarterly partial principal repayments equivalent to 100% of the ordinary cash distributions received on the equity investments.

Both notes are available to self-directed investors, as well as through investment advisors and financial planners up until Nov. 10, 2005 and they have a maturity date of Nov. 18, 2013.