Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hecla Mining Co. > News item |
RBC to price 13.75% reverse convertibles linked to Hecla Mining
New York, May 17 - Royal Bank of Canada plans to price 13.75% reverse convertible notes due Aug. 31, 2011 linked to Hecla Mining Co. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Hecla Mining shares fall below 75% of the initial price during the life of the notes and finish below the initial price, in which case the payout will be a number of Hecla Mining shares equal to $1,000 divided by the initial price.
The notes are expected to price on May 25 and settle on May 31.
RBC Capital Markets Corp. is the agent.
The Cusip number is 78008TDD3.
© 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.