RBC plans trigger autocallables on Canadian Natural Resources via UBS

By Jennifer Chiou

New York, July 25 - Royal Bank of Canada plans to price 0% trigger autocallable optimization securities due July 27, 2012 linked to the common stock of Canadian Natural Resources Ltd., according to an FWP with the Securities and Exchange Commission.

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

If Canadian Natural Resources shares close at or above the initial share price on any monthly observation date, the notes will be called at par plus an annualized call return of 16.25% to 19.25%. The exact call return will be set at pricing.

If the notes are not called and the final share price is greater than or equal to 75% of the initial price, the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 78010T803) are expected to price on July 27 and settle on July 29.

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