RBC redeems $7.9 million trigger phoenix autocallables on Citigroup

By Marisa Wong

Madison, Wis., Sept. 19 - Royal Bank of Canada said it redeemed on Sept. 18 all $7,904,290 of its outstanding trigger phoenix autocallable optimization securities due June 19, 2013 linked to the common stock of Citigroup Inc.

The securities (Cusip: 78008D505) were redeemed at par plus a quarterly contingent coupon of 18.2% per year.

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