Royal Bank of Canada - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by Royal Bank of Canada on December 20, 2011. The report serves to incorporate by reference exhibits related to the issuance of Senior Global Medium-Term Notes, Series E, pursuant to the Bank's shelf registration statement on Form F-3 (File No. 333-171806).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on the legal and structural details of a specific securities issuance.
Material Changes and Securities Issuance
The Bank issued Reverse Convertible Notes linked to the Common Stock of Baker Hughes Incorporated. Key details of this issuance include:
- Security Name: Reverse Convertible Notes Linked to the Common Stock of Baker Hughes Incorporated
- Date of Pricing Supplement: December 15, 2011
- Date of Settlement: December 20, 2011
- Principal Amount: $1,240,000
Guidance, Outlook, and Legal Matters
The filing includes legal opinions regarding the validity of the Notes:
- Exhibit 5.1: Opinion of Norton Rose OR LLP (Canadian counsel) regarding matters under Canadian, Ontario, and Quebec law.
- Exhibit 5.2: Opinion of Morrison & Foerster LLP regarding the validity of the Notes under New York law.
The filing text does not provide management commentary, future guidance, risk factors, or contingencies beyond the standard legal opinions for the note issuance.
Investor Verification Checklist
- Verify the terms and risk profile of the Reverse Convertible Notes linked to Baker Hughes Incorporated.
- Confirm the settlement date of December 20, 2011, and the principal amount of $1,240,000.
- Review the full text of the legal opinions (Exhibits 5.1 and 5.2) for specific conditions under Canadian and New York law.
- Note that this filing does not contain updated financial performance data for the Bank.