Imagine walking into a bank, asking for a little more income from your money, and walking out with a product promising about 1% a month or roughly 12% a year in interest. Sounds like a dream, right?

Realty Income (O) has priced its private offering of $750.0 million of convertible senior notes due 2029. The notes will accrue interest at 3.500% per annum and mature on January 15, 2029, unless ...