US Wrap: RBS selects financial sector for reverse convertibles

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RBS notes give exposure to US financials

As a change from the norm in the US market, the latest issuance comes primarily from Royal Bank of Scotland, which has issued several reverse convertibles. Three of the products are based on financial companies. The sector saw a slide this week, spurred by concerns over the health of European banks and US financial regulation, however, it quickly rebounded.

The Reverse Exchangeable Securities linked to Wells Fargo are six-month investments, paying an annual return of 12.75%. The product has a 75

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