US Wrap: RBC chases reverse convertible flurry with autocallable
ABN Amro also launched a reverse convertible note linked to the stock of US Steel. It lasts three months and pays an annualised coupon of 22.75%. The conversion barrier on the downside is 75%.
Issuer
Product type
Underlying
Pricing date
Maturity date
Royal Bank of Canada
Review
S&P 500
Aug 27 2009
Aug 31 2011
ABN Amro
Reverse Convertible
US Steel
Aug 26 2009
Nov 30 2009
Source: Future Value Consultants & SEC filings
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