Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Las Vegas Sands Corp. > News item |
RBC to price 9.25% reverse convertibles linked to Las Vegas Sands
New York, April 19 - Royal Bank of Canada plans to price 9.25% reverse convertible notes due Oct. 30, 2013 linked to Las Vegas Sands Corp. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Las Vegas Sands 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 Las Vegas Sands shares equal to $1,000 divided by the initial price.
The notes are expected to price on April 26 and settle on April 30.
RBC Capital Markets Corp. is the agent.
The Cusip number is 78008SR65.
© 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.