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 August 18, 2011, for the month of August 2011. The filing serves to report 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). The document incorporates by reference into the registration statement and includes legal opinions and consents from U.S. and Canadian counsel.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, or liquidity ratios. Instead, it details the aggregate principal amounts of specific structured notes issued on the filing date:
- Capped Leveraged Index Return Notes: $17,448,340 (Linked to S&P 500, due August 30, 2013)
- Strategic Accelerated Redemption Securities: $59,107,560 (Linked to S&P 500, due August 20, 2012)
- Leveraged Buffered Equity Index-Linked Notes: $5,636,000 (Linked to S&P 500, due September 18, 2012)
- Leveraged Buffered Equity Index-Linked Notes: $20,307,000 (Linked to S&P 500, due August 23, 2012)
Total aggregate principal amount of notes issued in this transaction: $102,498,900.
Material Changes
The filing does not disclose material changes to the Bank's financial condition or operations compared to prior periods. The primary event reported is the new debt issuance described above.
Guidance, Outlook, and Risks
The document contains no management commentary, forward-looking guidance, or specific risk factors related to the Bank's general operations. The notes issued are linked to the S&P 500 Index, implying market risk exposure for investors in these specific securities. Legal opinions regarding the validity of the notes under New York, Canadian, Ontario, and Quebec law are included as exhibits.
Key Facts for Investor Verification
- Verify the total debt issuance of approximately $102.5 million in structured notes linked to the S&P 500 Index.
- Confirm the maturity dates of the issued notes, ranging from August 2012 to August 2013.
- Note that this filing is a procedural report for a debt offering and does not contain quarterly or annual financial results.
- Review the referenced Form F-3 (File No. 333-171806) for broader context on the Bank's capital structure.