RBC plans 6%-8% six-month airbag yield notes linked to F5 Networks

By Toni Weeks

San Diego, Aug. 14 - Royal Bank of Canada plans to price 6% to 8% annualized airbag yield optimization notes due Feb. 25, 2013 linked to F5 Networks, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless F5 Networks stock finishes below the 75% conversion level, in which case the payout will be a number of F5 Networks shares equal to $1,000 divided by the conversion price.

The notes (Cusip: 78008W149) are expected to price Aug. 16 and settle Aug. 21.

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

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