| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item |
RBC to price principal-protected notes linked to BRIM currency basket
By Jennifer Chiou
New York, Feb. 6 - Royal Bank of Canada plans to price zero-coupon principal-protected notes due Feb. 26, 2010 linked to a basket of currencies, according to a 424B5 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the Malaysian ringgit.
The payout at maturity will be par plus 115% to 135% of any appreciation in the basket relative to the dollar. Investors will receive at least par.
The notes will price on Feb. 26 and settle on Feb. 29.
RBC Capital Markets Corp. is the underwriter.
© 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.