| 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 8%-10% airbag yield optimization notes linked to SandRidge
By Marisa Wong
Madison, Wis., Sept. 24 - Royal Bank of Canada plans to price 8% to 10% annualized airbag yield optimization notes due March 31, 2014 linked to SandRidge Energy, 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 SandRidge stock finishes below the 75% conversion level, in which case the payout will be a number of SandRidge 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 Sept. 26 and settle on Sept. 30.
The Cusip number is 78009Q547.
© 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.