
US wrap: RBC confirms reverse convertible rally
RBC also launched one of the racier products to hit the market recently, an autocallable fund-linked note which offers exposure to emerging markets equity. The kick-out product is linked to the iShares FTSE/Xinhua China 25 Index Fund and the iShares MSCI Brazil Index Fund, with equal weighting. It matures after six months provided that both funds are at 80% of their initial level, in which case it pays a 25% coupon. Capital is not protected below the 80% level.
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