US Wrap: RBC drives energy into reverse convertibles

Royal Bank of Canada has launched a selection of notes that track energy stocks, including First Solar, Northern Oil and Gas, and technology stocks, such as Palm. The bank has also launched a play on gold via producer equity, in the form of a note linked to the Market Vectors Gold Miners exchange-traded fund. The Gold Miners note was one of the biggest issuances in its entire reverse convertible tranche, accounting for $1.4 million. The Palm-linked note was launched as a $1.02 million, three-