New Issue: RBC prices $2.13 million principal-protected notes linked to BRIM currency basket

By Jennifer Chiou

New York, March 31 - Royal Bank of Canada priced a $2.13 million issue of zero-coupon principal-protected notes due March 31, 2010 linked to a basket of currencies, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the Malaysian ringgit.

The payout at maturity will be par plus 125% of any appreciation in the basket relative to the dollar. Investors will receive at least par.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Principal-protected notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Malaysian ringgit, equally weighted
Amount:	$2,127,000
Maturity:	March 31, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any appreciation in the basket relative to the dollar; floor of par
Initial exchange rates:	1.7345 reais per dollar; 23.514 rubles per dollar; 40.15 rupees per dollar; 3.1997 ringgit per dollar
Pricing date:	March 27
Settlement date:	March 31
Underwriter:	RBC Capital Markets Corp.
Fees:	2.25%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.