Investors in the US can now gain exposure to BP using structured products, thanks to the Royal Bank of Canada (RBC), which has issued a reverse convertible linked to the oil giant. BP’s shares fell to a 13-year low on the London Stock Exchange on June 23, the day the product was launched, although the firm’s US shares fared somewhat better.
The product has a three-month term and pays an equivalent annual rate of 24.75%. It features a 65% protection barrier, after which principal will be lost at t
The week on Risk.net, July 7-13, 2018Receive this by email