Published on 6/13/2011 in the Prospect News Structured Products Daily.
New Issue: RBS prices $517,000 capped market-linked protected notes on S&P 500
By Jennifer Chiou
New York, June 13 - Royal Bank of Scotland plc priced $517,000 of 0% capped market-linked principal-protected notes due Dec. 15, 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 $1,450 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 plc
|
| Issue: | Capped market-linked principal-protected notes
|
| Underlying index: | S&P 500
|
| Amount: | $517,000
|
| Maturity: | Dec. 15, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 45%; floor of par
|
| Initial level: | 1,270.98
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Lead agent: | RBS Securities Inc.
|
| Fees: | 3.95%
|
| Cusip: | 78009PAN1
|
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