US Wrap: RBC moots real estate rebound
Royal Bank of Canada has launched an accelerated growth note linking to the iShares Dow Jones US Real Estate Index. The bullish trade offers 300% participation in the index over only six months, up to a cap of 39%. It does not incorporate any downside protection.
Deutsche Bank also followed up its recent stock-linked note with two more variations on the theme. The notes link to the same collection of 15 stocks (US commodity and energy sector equities) in either a one year or two year version. The participation rate is set at 300%, with no downside protection. The cap on the two year product is set at 53%, which is 7% lower than the same version of the product that priced in late May.
Accelerated growth was undoubtedly the structure of choice yesterday
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