US wrap: RBC launches clean energy reverse convertible

Energy companies popular in US but the oil sector is suffering

The latest US issuance features a handful of products based on energy companies, reflecting the global trend towards investment in clean energy. Solar panel company Trina Solar is the subject of a reverse convertible from Royal Bank of Canada (RBC). RBC's Reverse Convertible Notes linked to Trina Solar are three-month notes paying an annual return of 18.5%. The notes feature a protection barrier of 70%, after which capital is lost at the rate of 1:1. The underlying has a high annualised level