RBC today launched the RBC Commodity Booster Notes, Series 1 in response to investor demand for commodity structures.

Offering 100% principal protection, the notes give investors access to a basket of commodities that includes crude oil, copper, nickel and zinc.

For any appreciation in the commodity basket above 0% and less than 45%, the notes will return 45% at maturity – the “Booster Zone”. For any appreciation greater than 45%, the investor will receive the full appreciation of the commodity basket at maturity. Should the change in the commodity basket be less than zero percent, investors will receive their original principal amount at maturity.

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

The notes can be purchased through FundSERV (code RBC321) and are available to self-directed investors, as well as through investment advisors and financial planners up until April 20.

With a maturity date of April 27, 2012, the notes are 100% RRSP eligible.