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 7.65%-10.15% six-month airbag yield notes linked to Skyworks
By Toni Weeks
San Diego, Aug. 14 - Royal Bank of Canada plans to price 7.65% to 10.15% annualized airbag yield optimization notes due Feb. 25, 2013 linked to Skyworks Solutions, Inc. 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 Skyworks stock finishes below the 75% conversion level, in which case the payout will be a number of Skyworks shares equal to $1,000 divided by the conversion price.
The notes (Cusip: 78008W164) are expected to price Aug. 16 and settle Aug. 21.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the underwriters.
© 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.