Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Weatherford International Ltd. > News item |
RBC plans 6.25%-8.75% six-month airbag yield notes tied to Weatherford
By Susanna Moon
Chicago, May 2 - Royal Bank of Canada plans to price 6.25% to 8.75% annualized airbag yield optimization notes due Nov. 9, 2012 linked to Weatherford International Ltd. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the Weatherford stock finishes below the 80% conversion level, in which case the payout will be a number of Weatherford shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the underwriters.
The notes will price on May 4 and settle on May 9.
The Cusip is 78008C366.
© 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.