RBS plans to price capped notes due July 2012 linked to S&P 500

By Toni Weeks

San Diego, Jan. 10 - Royal Bank of Scotland NV plans to price 18-month 0% capped enhanced participation notes due July 30, 2012 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

Investors will receive three times any gain in the index at maturity, capped at a gain of 22% to 26%. The exact cap will be set at pricing.

Investors will be fully exposed to any decrease in the level of the S&P 500.

The notes (Cusip 78009KQC9) are expected to price on Jan. 26 and settle on Jan. 31.

RBS Securities Inc. is the agent.

Royal Bank of Scotland is an Edinburgh, Scotland, financial services group.

© 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.