New Issue: RBC prices $108,000 principal-protected notes linked to dollar vs. yen

By Angela McDaniels

Tacoma, Wash., Sept. 30 - Royal Bank of Canada priced $108,000 of zero-coupon principal-protected currency-linked notes due Sept. 30, 2010 linked to the performance of the dollar relative to the Japanese yen, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any appreciation of the dollar relative to the yen. If the dollar remains flat or depreciates relative to the yen, the payout will be par.

RBC Capital Markets Corp.

Issuer:	Royal Bank of Canada
Issue:	Principal-protected currency-linked notes
Underlying exchange rate:	Dollar/Japanese yen
Amount:	$108,000
Maturity:	Sept. 30, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in the dollar versus the yen; floor of par
Initial exchange rate:	105.72 yen per dollar
Pricing date:	Sept. 26
Settlement date:	Sept. 30
Underwriter:	RBC Capital Markets Corp.
Fees:	1.5%

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