US Wrap: RBC seizes reverse convertible opportunity

To conclude a week dominated by reverse convertibles, Royal Bank of Canada (RBC) has launched 29 of the structures. Some stocks, such as Alcoa and Hartford Financial Group, have featured as repeat underlyings from other issuers.

Single stocks have not been the only underlying to double up. The Oil Service HLDRS exchange-traded fund (ETF) has made its second appearance of the week, this time in the form of an accelerated growth note from JP Morgan. It pays 300% participation in the fund over six

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