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RBC plans principal-protected notes on developed nations' currencies
By Jennifer Chiou
New York, Feb. 3 - Royal Bank of Canada plans to price zero-coupon principal-protected currency-linked notes due Feb. 28, 2014 linked to the bullish performance of a basket of equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing 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.
Investors will receive at least par.
The notes will price on Feb. 24 and settle on Feb. 26.
RBC Capital Markets Corp. is the underwriter.
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