Royal Bank of Canada to price 0% notes linked to Asian currency basket

By Angela McDaniels

Seattle, April 16 - Royal Bank of Canada plans to price an offering of zero-coupon principal-protected notes due April 30, 2009 linked to a basket of currencies, according to a 424B5 filing with the Securities and Exchange Commission.

The basket will include the Chinese renminbi with a 74% weight, the Thai baht with an 8.6667% weight, the Indian rupee with an 8.6667% weight and the Indonesian rupiah with an 8.6666% weight.

The payout at maturity will be determined based upon the performance of the basket currencies against the dollar. The payout will be par plus any basket gain, and investors will receive at least par.

The notes will price on April 26 and settle on April 30.

RBC Capital Markets Corp. will be the agent.

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