By Laura Lutz
Des Moines, Oct. 31 - Royal Bank of Canada prices $4.21 million of 0% principal-protected notes due Oct. 16, 2008 linked to a basket of five currencies, according to a 424B5 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Canadian dollar, the British pound sterling, the Australian dollar, the Japanese yen and the euro, all against dollar.
The payout at maturity will be par plus any gain on the basket. Investors will receive at least par.
The notes are expected to settle on Oct. 31.
RBC Capital Markets Corp. is the underwriter.
Issuer: | Royal Bank of Canada
|
Issue: | Principal-protected notes
|
Underlying basket: | Equal weights of Canadian dollar, British pound sterling, Australian dollar, Japanese yen and euro, all against dollar
|
Amount: | $4.21 million
|
Maturity: | Oct. 16, 2008
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any basket gain; floor of par
|
Pricing date: | Oct. 29
|
Settlement date: | Oct. 31
|
Underwriter: | RBC Capital Markets Corp.
|
Fees: | 2%
|
© 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.