By Jennifer Chiou
New York, Dec. 22 - Royal Bank of Scotland NV priced $5.99 million of callable step-up fixed-rate notes due Dec. 28, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 4.5% for years one through seven, 5% for year eight, 5.5% for year nine and 6.5% up to maturity. Interest is payable monthly.
The payout at maturity will be par.
Beginning Dec. 28, 2011, the notes will be callable at par on any interest payment date.
RBS Securities Inc. is the agent.
| Issuer: | Royal Bank of Scotland NV
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $5,991,000
|
| Maturity: | Dec. 28, 2020
|
| Coupon: | 4.5% for years one through seven, 5% for year eight, 5.5% for year nine and 6.5% up to maturity; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Dec. 28, 2011 onward
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | RBS Securities Inc.
|
| Fees: | 3.91%
|
| Cusip: | 78009KPQ9
|
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