By Jennifer Chiou
New York, June 29 - Royal Bank of Scotland NV priced $1 million of 0% securities due July 30, 2012 linked to the Trader Vic Index Excess Return, according to a 424B5 filing with the Securities and Exchange Commission.
The Trader Vic is a managed futures index comprised of 24 futures contracts across physical commodities, global currencies and U.S. interest rates. It is designed to capture rising and falling price trends by taking both long and short positions.
The payout at maturity will be par times the index performance less an annualized adjustment factor of 1%.
RBS Securities Inc. is the agent.
Issuer: | Royal Bank of Scotland NV
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Issue: | Securities
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Underlying index: | Trader Vic Index Excess Return
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Amount: | $1 million
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Maturity: | July 30, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par times the index performance less an annualized adjustment factor of 1%
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | RBS Securities Inc.
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Fees: | None
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Cusip: | 78009KSH6
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