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RBC plans leveraged notes linked to performance of dollar versus euro
By Angela McDaniels
Tacoma, Wash., Feb. 8 - Royal Bank of Canada plans to price 0% currency-linked notes due Feb. 26, 2016 linked to the performance of the dollar relative to the euro, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any increase in the value of the dollar relative to the euro, subject to a maximum return of 30% to 40% that will be set at pricing. Investors will be exposed to the decline if the dollar depreciates relative to the euro, subject to a minimum payout of 90% of par.
The notes (Cusip: 78008KJ61) will price Feb. 23 and settle Feb. 28.
RBC Capital Markets, LLC is the underwriter.
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