Royal Bank of Canada Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by Royal Bank of Canada for the month of September 2011, with a reporting date of September 28, 2011. The filing serves to incorporate by reference the issuance of specific 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 standard financial performance metrics such as revenue, profit, cash flow, margins, debt levels, or liquidity ratios. The document focuses exclusively on the terms of a specific securities issuance.
Material Changes and Securities Issuance
The Bank issued a series of structured notes linked to the common stock of various U.S. companies. The securities were priced on September 23, 2011, and settled on September 28, 2011. The specific issuances include:
- Reverse Convertible Notes linked to Wells Fargo & Company: $1,000,000 principal amount.
- Trigger Phoenix Autocallable Optimization Securities linked to Wells Fargo & Company (due Sept 28, 2012): $4,322,350 principal amount.
- Trigger Phoenix Autocallable Optimization Securities linked to Walgreen Co (due Sept 28, 2012): $765,500 principal amount.
- Trigger Phoenix Autocallable Optimization Securities linked to United Parcel Service, Inc. (due Sept 28, 2012): $962,500 principal amount.
- Trigger Yield Optimization Notes linked to E. I. du Pont de Nemours and Company (due March 29, 2012): $5,702,796.54 principal amount.
- Trigger Yield Optimization Notes linked to Union Pacific Corporation (due March 29, 2012): $3,010,742.86 principal amount.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk disclosures regarding the Bank's general operations. The primary risk context is inherent to the structured nature of the notes, which are linked to the performance of specific underlying equities. Legal opinions regarding the validity of the notes under Canadian, Ontario, Quebec, and New York law were filed as exhibits.
Key Facts for Investor Verification
- Verify the total principal amount of structured notes issued in this tranche, which aggregates to approximately $12.76 million.
- Confirm the settlement date of September 28, 2011, for all listed securities.
- Note that the securities are linked to the performance of Wells Fargo, Walgreen Co, UPS, DuPont, and Union Pacific.
- Review the underlying Form F-3 (File No. 333-171806) for broader terms and conditions of the shelf registration.
- Check the legal opinions (Exhibits 5.1 and 5.2) for validity under applicable jurisdictions.