Two new reverse convertibles have been launched for US investors that offer exposure to the prospects of the gold and real estate markets.
Royal Bank of Canada has launched a note linked to the stock of Iamgold, a company that mines the precious metal across three continents. The three-month trade offers an annualised coupon of 32.25% payable monthly, which is very high. Capital will be returned to the investor in full provided the reference equity does not breach a 70% barrier.
The week on Risk.net, July 7-13, 2018Receive this by email