RBC offers BP play using reverse convertible

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

To continue reading...

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