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 September 22, 2011, for the month of September 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 Securities Issuance
The Bank issued Reverse Convertible Notes linked to the Common Stock of Whole Foods Market, Inc. Key details of this issuance include:
- Security Name: Reverse Convertible Notes Linked to the Common Stock of Whole Foods Market, Inc.
- Principal Amount: $550,000
- Date of Pricing Supplement: September 19, 2011
- Date of Settlement: September 22, 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) 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, forward-looking guidance, or specific risk factors beyond the inherent nature of the structured notes.
Investor Verification Checklist
- Verify the specific terms and payoff structure of the Reverse Convertible Notes linked to Whole Foods Market, Inc.
- Confirm the settlement date of September 22, 2011, and the principal amount of $550,000.
- Review the full text of the legal opinions (Exhibits 5.1 and 5.2) for any conditions precedent to the validity of the Notes.
- Check subsequent filings for updates or superseding information regarding this issuance.