Published on 5/29/2008 in the Prospect News Structured Products Daily.
New Issue: RBC prices $1.94 million principal-protected notes linked to Brazilian real
By E. Janene Geiss
Philadelphia, May 29 - Royal Bank of Canada priced $1.94 million of zero-coupon principal-protected notes due May 28, 2010 linked to the performance of the Brazilian real against the dollar, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 135% of any gain on the real versus the dollar. Investors will receive at least par.
RBC Capital Markets Corp. is the underwriter.
Issuer: | Royal Bank of Canada
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Issue: | Principal-protected notes
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Underlying currency: | Brazilian real
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Amount: | $1,943,000
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Maturity: | May 28, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 135% of any gain on the real versus the dollar; floor of par
|
Initial rate: | 1.6681
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Pricing date: | May 27
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Settlement date: | May 30
|
Underwriter: | RBC Capital Markets Corp.
|
Fees: | 2.375%
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