RBC plans to price buffered autocallable notes linked to Facebook

By Marisa Wong

Madison, Wis., April 3 - Royal Bank of Canada plans to price 0% buffered autocallable notes due July 14, 2015 linked to Facebook, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be redeemed at par of $1,000 plus a coupon if the stock closes at or above the initial price on any quarterly observation date.

If the notes are not called and the final share price is greater than or equal to the buffer level, 85% of the initial price, the payout at maturity will be par.

Otherwise, investors will be exposed to any share price decline beyond the 15% buffer.

RBC Capital Markets, LLC is the agent.

The notes will price on April 9 and settle on April 14.

The Cusip number is 78010UUM7.

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