RBC redeems $3 million trigger optimization notes tied to Aruba stock

By Marisa Wong

Madison, Wis., July 18 - Royal Bank of Canada said it redeemed its $3 million of 0% outstanding trigger autocallable optimization securities due June 15, 2012 linked to the common stock of Aruba Networks, Inc. on July 15.

The notes (Cusip: 78010T662) were redeemed at 103.292. The redemption price includes a call return of 39.5% per year.

The Bank of New York Mellon was the redemption agent.

The notes were issued on June 16.

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