Business Context and Reporting Period
This Form 6-K filing by Royal Bank of Canada (RBC) covers the month of August 2011, with a report date of August 10, 2011. The filing serves to incorporate by reference the issuance of specific Senior Global Medium-Term Notes, Series E, under the Bank's shelf registration statement on Form F-3 (File No. 333-171806).
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margin, or liquidity metrics for the Bank. Instead, it details the principal amounts of specific structured notes issued on August 10, 2011:
- Reverse Convertible Notes (Freeport-McMoRan Copper & Gold Inc.): $640,000
- Trigger Yield Optimization Notes (Staples, Inc.): $1,791,696.96
- Trigger Yield Optimization Notes (Talisman Energy Inc.): $1,464,792.26
- Trigger Yield Optimization Notes (Southwestern Energy Company): $2,517,869.90
- Trigger Yield Optimization Notes (Vertex Pharmaceuticals Incorporated): $3,018,858.00
Total principal amount for the notes listed in this specific filing is approximately $9,433,217.12.
Material Changes
The filing does not report material changes to the Bank's overall financial position or operations compared to prior periods. The document is strictly a notification of the issuance of the specific debt securities listed above.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or general risk factors regarding the Bank's operations. The primary risk context is inherent to the structured nature of the issued notes, which are linked to the performance of specific underlying equities (Freeport-McMoRan, Staples, Talisman Energy, Southwestern Energy, and Vertex Pharmaceuticals). Legal opinions regarding the validity of the Notes under Canadian, Ontario, Quebec, and New York law are included as exhibits.
Investor Verification Checklist
- Verify the settlement date of August 10, 2011, for the listed notes.
- Confirm the maturity date of February 10, 2012, for the Trigger Yield Optimization Notes.
- Review the specific terms and yield optimization mechanics for each underlying equity issuer.
- Check the Bank's Form F-3 (File No. 333-171806) for broader context on the shelf registration.
- Note that this filing does not contain the Bank's quarterly or annual financial performance data.