By Susanna Moon
Chicago, April 28 - Royal Bank of Scotland NV priced $2.5 million of 0% capped market-linked principal-protected notes due April 29, 2016 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, up to a maximum return of $1,510 for each $1,000 principal amount.
If the index falls, the payout will be par.
RBS Securities Inc. is the underwriter.
Issuer: | Royal Bank of Scotland NV
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Issue: | Capped market-linked principal-protected notes
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Underlying index: | S&P 500
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Amount: | $2.5 million
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Maturity: | April 29, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 51%; floor of par
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Initial level: | 1,347.24
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Pricing date: | April 26
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Settlement date: | April 29
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Lead agent: | RBS Securities Inc.
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Fees: | 3.95%
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Cusip: | 78009PAF8
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