New Issue: RBC prices $2.12 million 11.53% trigger yield optimization notes on Coach

By Jennifer Chiou

New York, Sept. 7 - Royal Bank of Canada priced $2.12 million of 11.53% trigger yield optimization notes due Sept. 10, 2012 linked to the common stock of Coach, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note is equal to $53.21, which is the initial price of Coach stock.

The payout at maturity will be par in cash unless the final price of Coach stock is less than 75% of the initial share price, in which case investors will receive one Coach share per note.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Trigger yield optimization notes
Underlying stock:	Coach, Inc. (Symbol: COH)
Amount:	$2,118,024.05
Maturity:	Sept. 10, 2012
Coupon:	11.53%, payable monthly
Price:	Par of $53.21
Payout at maturity:	If final share price is less than trigger price, one Coach share; otherwise, par
Initial share price:	$53.21
Trigger price:	$39.91, 75% of initial price
Pricing date:	Sept. 2
Settlement date:	Sept. 8
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78010W715

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