RBC plans bullish currency-linked notes tied to basket vs. dollar

By Jennifer Chiou

New York, Oct. 5 - Royal Bank of Canada plans to price 0% currency-linked notes due Oct. 30, 2015 tied to the bullish performance of equal weights of the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone relative to the U.S. dollar, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus the basket performance. Investors will receive at least par.

The notes (Cusip: 78008KPH0) will price on Oct. 27 and settle on Oct. 29.

RBC Capital Markets Corp. is the underwriter.

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