By Marisa Wong
Madison, Wis., Nov. 12 - Royal Bank of Scotland NV priced $1.75 million of 0% digital buffer securities due Nov. 16, 2012 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus a digital return of 11.5% if the index gains.
Investors will receive par if the index falls by up to 20% and will be exposed to any decline beyond 20%.
RBS Securities Inc. is the lead agent.
| Issuer: | Royal Bank of Scotland NV
|
| Issue: | Digital buffer securities
|
| Underlying index: | S&P 500
|
| Amount: | $1.75 million
|
| Maturity: | Nov. 16, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 11.5% if final level is greater than or equal to initial level; par if index falls by 20% or less; 1% loss for every 1% decline beyond 20%
|
| Initial level: | 1,218.71
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Lead agent: | RBS Securities Inc.
|
| Fees: | 2.75%
|
| Cusip: | 78009KNP3
|
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