US Wrap: RBC mixes reverse convertibles and growth

RBC also offered an accelerated growth product into the mix of reverse convertibles launched by two other providers. The note is linked to the performance of the S&P 500 index and lasts 18 months with 200% participation and a 17% upside cap. Investors are protected with a downside buffer of 15%.

Issuer

Product type

Underlying

Pricing date

Maturity date

ABN Amro

Reverse Convertible

Las Vegas Sands

Aug 14 2009

Nov 19 2009

Royal Bank of Canada

Reverse Convertible

Wel

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