US Wrap: Energy the underlying of choice

Coal producer Massey used for reverse convertible

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 under

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: