RBS to sell two-year digital buffer securities linked to S&P 500 index

By Susanna Moon

Chicago, Feb. 24 - Royal Bank of Scotland NV plans to price 0% digital buffer securities due March 16, 2012 based on the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus a digital return of 16.5% if the index gains.

Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond the buffer.

The notes are expected to price on March 12 and settle on March 17.

RBS Securities Inc. is the lead agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.