RBC Financial Group today issued a new series of principal protected notes aimed at risk-averse retail investors looking for the potential to receive an above-market annual coupon.
The equities basket of Series 1 of the RBC Principal Protected Global Financials Enhanced Yield Notes is comprised of shares or American Depository Receipts in the following companies:
- AFLAC Incorporated;
- Bank of Nova Scotia;
- Barclays PLC;
- Janus Capital Group;
- Lloyds TSB Group plc;
- Nomura Holdings Inc.;
- Royal & Sun Alliance Insurance Group plc;
- ;Royal Bank of Canada;
- Charles Schwab Corporation; and
- Washington Mutual Inc.
The notes provide a 5% guaranteed return coupon for the first year and then a variable-return annual coupon of up to 10%, based upon the performance of the global financial equities basket until maturity.
The notes are 100% RRSP eligible and have a maturity date of September 13, 2012. They are available to self-directed investors, as well as through investment advisors and financial planners up until September 2.
The notes can be purchased through FundSERV, by entering the code RBC201.