RBC plans 11%-13% airbag yield optimization autocallables on Facebook

By Susanna Moon

Chicago, Oct. 28 - Royal Bank of Canada plans to price 11% to 13% airbag autocallable yield optimization notes due Oct. 31, 2014 linked to Facebook Inc. 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 notes will be called at par plus the coupon if the stock finishes above its initial share price on any quarter observation date.

The payout at maturity will be par unless Facebook stock finishes below the 80% conversion level, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the conversion price.

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

The notes will price on Oct. 29 and settle on Oct. 31.

The Cusip number is 78009Q794.

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