US Wrap: RBC launches kick-out on Nasdaq 100 ETF

Royal Bank of Canada (RBC) has joined in the increasingly popular trend of structuring notes on exchange-traded funds. It has launched a new kick-out product linked to the Powershares QQQ Trust, which replicates the performance of the Nasdaq 100 index.

The structure will kick out with a return of 15% after two years if the fund is at or above its level when the product opened. It incorporates a 15% downside buffer, beyond which participation in downside performance of the fund is 1:1.

Reverse co

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: