RBC plans 5.5%-6% trigger yield optimization notes on General Electric

By Susanna Moon

Chicago, July 13 - Royal Bank of Canada plans to price 5.5% to 6% trigger yield optimization notes due July 22, 2014 linked to General Electric Co. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The face amount of each note will be equal to the initial price of General Electric stock.

The payout at maturity will be par unless the final price of General Electric stock is less than 70% of the initial share price, in which case investors will receive one General Electric share per note.

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

The notes will price on July 16 and settle on July 19.

The Cusip number is 78008D687.

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