US Wrap: Gold popular but volatile underlying
The latest US issuance is much larger than usual, although, as with a lot of the US offering, reverse convertibles issued by Barclays make up the majority of the products issued. A good portion of these are based on gold, which continues to be an attractive sector.
The Reverse Convertible Notes linked to Kinross Gold are issued by Barclays and track the stock of the mining company. The notes have a one-year maturity and pay 9% per year. There is an 80% barrier and after that capital is lost at
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