| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for SunTrust Banks, Inc. > News item |
RBS plans three-month 12.5% reverse exchangeables linked to SunTrust
By Susanna Moon
Chicago, June 14 - Royal Bank of Scotland NV plans to price 12.5% annualized reverse exchangeable securities due Sept. 30, 2010 based on SunTrust Banks, Inc. common shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par in cash unless SunTrust Banks shares fall below 70% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of SunTrust Banks shares equal to $1,000 divided by the initial price.
The notes are expected to price on June 25 and settle on June 30.
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.