Royal Bank of Canada Form 6-K Summary
Business Context and Reporting Period
This Form 6-K is a report of a foreign private issuer filed by Royal Bank of Canada for the month of October 2011, with a filing date of October 3, 2011. The report serves to incorporate by reference specific 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 legal and structural details of specific security issuances rather than general financial performance.
Material Changes and Security Issuances
The report details the issuance of two specific types of notes:
- Reverse Convertible Notes: Linked to the common stock of The Mosaic Company. Priced on September 28, 2011, with settlement on September 30, 2011. Principal amount: $975,000.
- Growth Securities: With contingent downside protection linked to the Dow Jones Industrial Average, due April 4, 2016. Priced on September 28, 2011, with settlement on October 3, 2011. Principal amount: $4,616,000.
Guidance, Risks, and Legal Matters
The filing includes legal opinions as exhibits to validate the notes:
- Exhibit 5.1: Opinion of Norton Rose OR LLP 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 securities described.
Key Facts for Investor Verification
- Verify the settlement dates and principal amounts for the Reverse Convertible Notes linked to The Mosaic Company ($975,000) and the Growth Securities linked to the Dow Jones Industrial Average ($4,616,000).
- Confirm the terms of the "contingent downside protection" and the maturity date (April 4, 2016) for the Growth Securities.
- Review the full text of the legal opinions (Exhibits 5.1 and 5.2) to understand the legal validity of the notes under Canadian and New York law.
- Note that this filing does not contain quarterly or annual financial performance data; refer to the Bank's Form 40-F for comprehensive financial metrics.