By Marisa Wong
Madison, Wis., Nov. 4 - Royal Bank of Canada changed the Australian dollar vs. U.S. dollar initial exchange rate to 1.0326 from 0.9685 for its recently issued 0% currency-linked notes due Oct. 30, 2015, according to a 424B2 filing with the Securities and Exchange Commission.
On Oct. 27, RBC priced $1.47 million of currency-linked notes tied to the bullish performance of an equally weighted basket of the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone relative to the U.S. dollar.
The payout at maturity will be par plus the basket performance. Investors will receive at least par.
RBC Capital Markets Corp. is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Currency-linked notes
|
| Underlying assets: | Equal weights of the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone relative to the U.S. dollar
|
| Amount: | $1.47 million
|
| Maturity: | Oct. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return; floor of par
|
| Initial rates: | 1.7077 reais per U.S. dollar; 1.0326 Australian dollars per U.S. dollar; 1.0313 Canadian dollars per U.S. dollar; 5.9056 krone per U.S. dollar
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 29
|
| Underwriters: | UBS Financial Services Inc. and RBC Capital Markets Corp.
|
| Fees: | 2%
|
| Cusip: | 78008KPH0
|
© 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.
