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 28, 2011, for the month of December 2011. The filing serves to incorporate exhibits by reference into the Bank's shelf registration statement on Form F-3 (File No. 333-171806) regarding the issuance of Senior Global Medium-Term Notes, Series E.
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 Freeport-McMoRan Copper & Gold Inc. Key details of the issuance include:
- Security Name: Reverse Convertible Notes Linked to the Common Stock of Freeport-McMoRan Copper & Gold Inc.
- Principal Amount: $657,000
- Date of Pricing Supplement: December 22, 2011
- Date of Settlement: December 28, 2011
Guidance, Risks, and Legal Opinions
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 required for the note issuance.
Investor Verification Checklist
- Verify the terms and payoff structure of the Reverse Convertible Notes linked to Freeport-McMoRan Copper & Gold Inc.
- Confirm the settlement date of December 28, 2011, and the principal amount of $657,000.
- Review the full text of the legal opinions (Exhibits 5.1 and 5.2) for any specific conditions or limitations on the validity of the Notes.
- Note that this filing does not contain updated financial performance data for the Bank.