New Issue: RBC prices $6.61 million principal-protected notes linked to BRIC currencies

By Angela McDaniels

Tacoma, Wash., April 30 - Royal Bank of Canada priced $6.61 million of zero-coupon principal-protected currency-linked notes due April 30, 2012 linked to the bullish performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be par plus 150% of any appreciation in the basket relative to the dollar. If the basket depreciates relative to the dollar, the payout will be par.

RBC Capital Markets Corp. is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Principal-protected currency-linked notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted
Amount:	$6,605,000
Maturity:	April 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket appreciation versus the dollar; if basket depreciates versus the dollar, par
Initial exchange rates:	2.2037 reais per dollar, 33.5496 rubles per dollar, 50.44 rupees per dollar and 6.8274 renminbi per dollar
Pricing date:	April 28
Settlement date:	April 30
Underwriter:	RBC Capital Markets Corp.
Fees:	2.75%

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