New Issue: RBC sells $1.52 million five-year bullish notes on four currencies versus dollar

By Susanna Moon

Chicago, Nov. 29 - Royal Bank of Canada priced $1.52 million of 0% currency-linked notes due Nov. 30, 2015 based on the bullish performance of four equally weighted currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone.

The payout at maturity will be par plus any gain in the basket.

If the basket falls, the payout will be par.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Currency-linked notes
Underlying basket:	Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone, equally weighted, relative to the U.S. dollar
Amount:	$1,519,000
Maturity:	Nov. 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; floor of par
Initial rates:	1.7336 for real; 1.0235 for Australian dollar; 1.0211 for Canadian dollar; 6.0906 for krone
Pricing date:	Nov. 23
Settlement date:	Nov. 30
Underwriters:	RBC Capital Markets Corp.
Fees:	2%
Cusip:	78008KRQ8

© 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.