RBS sells e5m note linked to new FX Radar
The product, a e5 million note, has been purchased by an Italian client on private placement, who will use it to enhance return, with 100% of the principal protected. The investor will receive 130% participation in the out-performance of the index for the next four-and-a-half years.
David Popplewell, director of currency structuring at Royal Bank of Scotland in London, said the sale became possible because of the collapse of Lehman Brothers. "The bankruptcy of Lehman's left the note without a
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