By Angela McDaniels
Tacoma, Wash., April 14 - Royal Bank of Scotland NV priced $1.45 million of 0% digital buffer securities due April 13, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 15.6%. Investors will receive par if the index declines by 10% or less and will be exposed to any decline beyond 10%.
RBS Securities Inc. is the lead agent.
| Issuer: | Royal Bank of Scotland NV
|
| Issue: | Digital buffer securities
|
| Underlying index: | S&P 500
|
| Amount: | $1.45 million
|
| Maturity: | April 13, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 15.6% if final index level is greater than or equal to initial level; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 1,196.48
|
| Pricing date: | April 12
|
| Settlement date: | April 15
|
| Lead agent: | RBS Securities Inc.
|
| Fees: | 2.75%
|
| Cusip: | 78009KEC2
|
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