US Wrap: Metals used for reverse convertibles

There is another swathe of reverse convertibles in the latest issuance. This time the majority come from Royal Bank of Scotland, and metals – both precious and industrial – are the underlying of choice.

Both RBS and UBS have reverse convertibles based on Freeport-McMoRan Copper & Gold. RBS's notes are four-month investments offering 11.5% annual returns with an 80% barrier against any decline in the value of stocks, after which capital will be lost on a 1:1 basis. The UBS notes are six-month

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: