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 October 12, 2011, for the month of October 2011. The filing 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 Issuance Details
The Bank issued "Phoenix Autocallable Optimization Securities Linked to the iShares Russell 2000 Index Fund" with the following characteristics:
- Principal Amount: $3,000,000
- Date of Pricing Supplement: October 6, 2011
- Date of Settlement: October 12, 2011
- Maturity Date: October 10, 2014
Guidance, Risks, 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) on matters under Canadian, Ontario, and Quebec law.
- Exhibit 5.2: Opinion of Morrison & Foerster LLP on the validity of the Notes under New York law.
The filing text does not provide management commentary, future guidance, or specific risk factors beyond the standard legal opinions for the securities issuance.
Investor Verification Checklist
- Verify the terms and conditions of the "Phoenix Autocallable Optimization Securities" in the Pricing Supplement dated October 6, 2011.
- Confirm the settlement of the $3,000,000 principal amount on October 12, 2011.
- Review the full text of the legal opinions (Exhibits 5.1 and 5.2) for specific conditions under Canadian and New York law.
- Check subsequent filings for any updates or superseding information regarding the Form F-3 registration statement.