Published on 11/29/2010 in the Prospect News Structured Products Daily.
New Issue: RBC sells $1.52 million five-year bullish notes on four currencies versus dollar
By Susanna Moon
Chicago, Nov. 29 - Royal Bank of Canada priced $1.52 million of 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 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.
If the basket falls, the payout will be par.
RBC Capital Markets Corp. is the underwriter.
Issuer: | Royal Bank of Canada
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Issue: | Currency-linked notes
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Underlying basket: | Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone, equally weighted, relative to the U.S. dollar
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Amount: | $1,519,000
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Maturity: | Nov. 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain; floor of par
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Initial rates: | 1.7336 for real; 1.0235 for Australian dollar; 1.0211 for Canadian dollar; 6.0906 for krone
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Pricing date: | Nov. 23
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Settlement date: | Nov. 30
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Underwriters: | RBC Capital Markets Corp.
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Fees: | 2%
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Cusip: | 78008KRQ8
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