Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for US Airways Group, Inc. > News item |
RBC to price 16.25% reverse convertibles linked to US Airways
New York, Jan. 12 - Royal Bank of Canada plans to price 16.25% reverse convertible notes due April 29, 2011 linked to US Airways Group, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless US Airways shares fall below 80% 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 US Airways shares equal to $1,000 divided by the initial price.
The notes are expected to price on Jan. 26 and settle on Jan. 31.
RBC Capital Markets Corp. is the agent.
The Cusip number is 78008KYD9.
© 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.