Natural resources and energy suppliers are once again popular underlyings for products in the US market. Barclays has issued two reverse convertibles based on the stocks of natural resource companies.
The Reverse Convertible Notes linked to Alpha Natural Resources are three-month investments that pay an annual return of 11%. Principal is not protected if the 80% barrier is breached, in which case capital will be lost at the rate of 1:1. The product has a low overall rating of 2.4. The ratings ar