Published on 4/28/2010 in the Prospect News Structured Products Daily.
New Issue: RBS prices $0.14 million 10% reverse convertibles linked to Amazon.com
New York, April 28 - Royal Bank of Scotland NV priced $0.138 million of 10% Knock-In Reverse Exchangeable notes due Oct. 29, 2010 linked to Amazon.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Amazon.com shares fall below the protection price of $113.62, 80% of the initial price of $142.02, during the life of the notes and finish below the initial price in which case the payout will be 7.041 shares of Amazon.com stock.
RBS Securities Inc. is the agent.
Issuer: | Royal Bank of Scotland NV
|
Issue: | Knock-In Reverse Exchangeable notes
|
Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
|
Amount: | $0.138 million
|
Maturity: | Oct. 29, 2010
|
Coupon: | 10%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par in cash unless Amazon.com shares fall below the protection price of $113.62, 80% of the initial price, and finish below the initial price, in which case 7.041 shares of Amazon.com stock
|
Initial price: | $142.02
|
Protection price: | $113.62, 80% of $142.02
|
Exchange ratio: | 7.041
|
Pricing date: | April 27
|
Settlement date: | April 30
|
Agent: | RBS Securities Inc.
|
Fees: | 1.75%
|
Cusip: | 78009KEY4
|
© 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.