By Marisa Wong
Milwaukee, April 26 - Royal Bank of Scotland NV priced $3 million of zero-coupon 100% principal-protected notes due April 30, 2014 linked to a basket of equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Brazilian real, Indian rupee and Korean won.
If the basket return is positive, the payout at maturity will be par plus 235% of the return. Otherwise, the payout will be par.
RBS Securities Inc. is the agent.
| Issuer: | Royal Bank of Scotland NV
|
| Issue: | 100% principal-protected notes
|
| Underlying currencies: | Brazilian real, Indian rupee and Korean won, equally weighted against the dollar
|
| Amount: | $3 million
|
| Maturity: | April 30, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 235% of any basket gain; floor of par
|
| Initial spot rates: | 1.7624 for real; 44.54 for rupee; and 1,110 for won
|
| Pricing date: | April 23
|
| Settlement date: | April 30
|
| Agent: | RBS Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 78009KFP2
|
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