Published on 4/29/2010 in the Prospect News Structured Products Daily.
New Issue: RBS sells $300,000 digital buffer securities linked to S&P 500
By Susanna Moon
Chicago, April 29 - Royal Bank of Scotland NV priced $300,000 of 0% digital buffer securities due April 30, 2012 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, investors will receive par plus the 14.5% digital return.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
RBS Securities Inc. is the lead agent.
| Issuer: | Royal Bank of Scotland NV
|
| Issue: | Digital buffer securities
|
| Underlying index: | S&P 500
|
| Amount: | $300,000
|
| Maturity: | April 30, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 14.5% digital return if index gains; share in losses beyond 10%
|
| Initial index level: | 1,183.71
|
| Pricing date: | April 27
|
| Settlement date: | April 30
|
| Lead agent: | RBS Securities Inc.
|
| Fees: | 2.75%
|
| Cusip: | 78009KFK3
|
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