Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Scotland NV > News item |
RBS plans 11.75% reverse exchangeables linked to Amazon.com stock
By Jennifer Chiou
New York, April 30 - Royal Bank of Scotland NV plans to price 11.75% annualized Knock-In Reverse Exchangeable notes due Nov. 12, 2010 linked to Amazon.com, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Amazon.com shares fall below 75% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Amazon.com shares equal to $1,000 divided by the initial price.
The notes are expected to price on May 11 and settle on May 14.
RBS Securities Inc. is the 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.