RBC Financial Group has issued the next series of the RBC Principal Protected Dow 10 liquid equity option-linked notes (LEOS).

The bank says LEOS are aimed at risk-averse retail investors looking to expand their portfolio with U.S. blue chip equity returns.

The Dow 10 Index is comprised of the 10 highest dividend-yielding equities in the Dow Jones industrial average.

The RBC Dow 10 LEOS are available to self-directed investors, as well as through investment advisors and financial planners up until July 5, 2005.

These Notes are 100% RRSP eligible, and will not affect the 30% allowable foreign content in an investor’s RRSP portfolio.

The notes have a maturity date of July 9, 2013 but could be called by RBC at the four-year anniversary date for a price of $146.50 per $100 note. Should the notes be called at this price, an investor would realize a 10.02% annualized return.