RBC plans five-year bullish notes on four currencies versus dollar

By Susanna Moon

Chicago, Nov. 5 - Royal Bank of Canada plans to price 0% currency-linked notes due Nov. 30, 2015 based on the bullish performance of four equally weighted currencies relative to the U.S. dollar, according to an FWP with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone.

The payout at maturity will be par plus any gain in the basket.

If the basket falls, the payout will be par.

The notes (Cusip 78008KRQ8) will price on Nov. 23 and settle on Nov. 30.

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.