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 7, 2011. The report serves as a notification to the U.S. Securities and Exchange Commission regarding 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 does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, or liquidity ratios. Instead, it details the aggregate principal amounts of specific structured securities issued on the date of the report:
- $28,192,200 in Strategic Accelerated Redemption Securities Linked to the S&P 500 Index (due September 10, 2012).
- $8,760,050 in Strategic Accelerated Redemption Securities Linked to the Russell 2000 Index (due September 10, 2012).
- $66,193,080 in Accelerated Return Notes Linked to the S&P 500 Index (due October 26, 2012).
- $17,580,840 in Accelerated Return Notes Linked to the S&P MidCap 400 Index (due October 26, 2012).
Total aggregate principal amount of notes issued in this transaction: $120,726,170.
Material Changes
The filing does not disclose material changes to the Bank's financial condition or operations compared to prior periods. The document focuses exclusively on the execution of a specific debt issuance.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors related to the Bank's general operations. The primary contingency noted is the legal validity of the Notes, supported by opinions from U.S. counsel (Sullivan & Cromwell LLP) and Canadian counsel (Norton Rose OR LLP) regarding New York, Canadian, Ontario, and Quebec law.
Key Facts for Investor Verification
- Verify the total issuance volume of $120,726,170 across four distinct tranches of structured notes.
- Confirm the maturity dates of the issued securities (September 10, 2012, and October 26, 2012).
- Review the underlying indices for the structured products: S&P 500, Russell 2000, and S&P MidCap 400.
- Note that this filing incorporates by reference into the Bank's Form F-3 registration statement.