Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item |
RBC plans 7%-9% airbag yield optimization notes tied to Advanced Micro
By Marisa Wong
Madison, Wis., Dec. 10 - Royal Bank of Canada plans to price 7% to 9% annualized airbag yield optimization notes due June 19, 2014 linked to Advanced Micro Devices, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact coupon will be set at pricing.
The payout at maturity will be par unless Advanced Micro Devices stock finishes below the 70% conversion level, in which case the payout will be a number of Advanced Micro Devices shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.
The notes will price on Dec. 13 and settle on Dec. 18.
The Cusip number is 78010Y265.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.