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 November 4, 2011, for the month of November 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 Issuance Details
The Bank issued Reverse Convertible Notes linked to the Common Stock of Leucadia National Corporation. Key details of this issuance include:
- Security Name: Reverse Convertible Notes Linked to the Common Stock of Leucadia National Corporation
- Principal Amount: $1,000,000
- Date of Pricing Supplement: November 1, 2011
- Date of Settlement: November 4, 2011
Guidance, Risks, and Legal Matters
The filing includes legal opinions regarding the validity of the Notes under Canadian, Ontario, and Quebec law (Exhibit 5.1) and New York law (Exhibit 5.2). No management commentary, forward-looking guidance, or specific risk factors regarding the Bank's general operations are provided in this text. The filing notes that the report is incorporated by reference into the Bank's registration statement.
Investor Verification Checklist
- Verify the terms and risk profile of the Reverse Convertible Notes linked to Leucadia National Corporation.
- Confirm the settlement date of November 4, 2011, and the principal amount of $1,000,000.
- 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 the Bank's Form F-3 (File No. 333-171806) for broader context on the shelf registration.