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 January 12, 2012, for the month of January 2012. The filing serves to incorporate by reference exhibits related to the issuance of 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 text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on the terms of a specific securities issuance.
Material Changes and Issuance Details
The Bank issued two tranches of Reverse Convertible Notes on or following January 12, 2012:
- Reverse Convertible Notes Linked to Illumina, Inc.: Principal amount of $7,300,000; Pricing Supplement dated January 9, 2012; Settlement dated January 12, 2012.
- Reverse Convertible Notes Linked to a Single Reference Stock: Principal amount of $1,758,000; Pricing Supplement dated January 9, 2012; Settlement dated January 12, 2012.
Guidance, Risks, and Legal Opinions
The filing includes legal opinions regarding the validity of the Notes:
- Opinion of Norton Rose Canada LLP regarding Canadian, Ontario, and Quebec law.
- Opinion of Morrison & Foerster LLP regarding New York law.
The filing text does not provide management commentary, future guidance, or specific risk factors beyond the standard legal opinions for the securities issuance.
Investor Verification Checklist
- Verify the specific terms and reference assets for the $1,758,000 tranche linked to a "Single Reference Stock."
- Review the full Pricing Supplements dated January 9, 2012, for detailed risk disclosures regarding the Reverse Convertible Notes.
- Confirm the settlement status of the $7,300,000 Illumina-linked notes.
- Check subsequent filings for any updates to the shelf registration statement (File No. 333-171806).