US Wrap: Energy the underlying of choice

blue-and-orange-flames-flickering-over-coals — Coal producer Massey used for reverse convertible

Clare Dickinson
08 Apr 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The US market has once again returned to its staple offering of reverse convertibles, this time with energy as the favourite underlying, with three banks issuing products based on an energy company.

Royal Bank of Canada has issued notes based on Massey Energy. The notes have a three-month term and offer an annual return of 12%. They have a 63.4% protection barrier, which if breached will result in capital being lost at the rate of 1:1. The product is considered to be low volatility and the

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 print this content. Please contact [email protected] to find out more.

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]