Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
RBS plans to price buffered digital notes linked to S&P 500
By Toni Weeks
San Diego, June 1 - Royal Bank of Scotland plc plans to price 0% digital notes with fixed buffer due July 2, 2014 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus a digital return of 13% to 15%. The exact digital return will be determined at pricing.
Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond the 20% buffer.
The notes (Cusip: 78009PCX7) are expected to price June 27 and settle June 29.
RBS Securities Inc. is the agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.