By Susanna Moon
Chicago, Oct. 29 - Royal Bank of Scotland plc priced $25 million of 0% RBS Rogers Enhanced Energy exchange-traded notes due Oct. 29, 2042, according to a 424B5 filing with the Securities and Exchange Commission.
The notes were priced at par of $25 each.
The payout at maturity or upon redemption will be the daily redemption value on the valuation date.
The daily redemption value on the pricing date is $25. On each subsequent day, it is equal to the daily redemption value on the preceding day multiplied by the index factor - the index closing level on that day divided by the index closing level on the previous day - and minus the investor fee, which is 1% per year.
The ETN is a total return version of a Rogers International Commodity index, which is a composite, dollar-based index that tracks the value of a weighted basket of 36 commodities.
RBS Securities Inc. is the agent.
| Issuer: | Royal Bank of Scotland plc
|
| Issue: | RBS Rogers Enhanced Energy Exchange-traded notes
|
| Amount: | $25 million
|
| Maturity: | Oct. 29, 2042
|
| Coupon: | 0%
|
| Price: | Par of $25
|
| Payout at maturity: | Cash amount equal to daily redemption value, which on any day equals the daily redemption value on the preceding day multiplied by the index factor and minus 0.95% annualized investor fee
|
| Index factor: | Index closing level on that day divided by index closing level on previous day
|
| Call option: | At any time
|
| Put option: | Until Oct. 21, 2042
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 30
|
| Agent: | RBS Securities Inc.
|
| Cusip: | 78009P192
|
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