New Issue: RBS prices $1.25 million digital notes with fixed buffer linked to Russell 2000 index

By Toni Weeks

San Diego, Nov. 29 - Royal Bank of Scotland plc priced $1.25 million of 0% digital notes with fixed buffer due Dec. 4, 2014 linked to the Russell 2000 index, according to a 424B5 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus a digital return of 12%.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% that the index declines beyond 20%.

RBS Securities Inc. is the underwriter.

Issuer:	Royal Bank of Scotland plc.
Issue:	Digital notes with fixed buffer
Underlying index:	Russell 2000 index
Amount:	$1,251,000
Maturity:	Dec. 4, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	$1,120 per $1,000 principal amount of notes if index return is greater than or equal to zero; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	813.50
Buffer level:	650.80, 80% of initial value
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Underwriter:	RBS Securities Inc.
Fees:	2.7%
Cusip:	78009PDF5

© 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.