New Issue: RBC prices $547,000 12% reverse convertibles linked to Facebook

New York, June 30 – Royal Bank of Canada priced $547,000 of 12% reverse convertible notes due Dec. 30, 2014 linked to Facebook, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Facebook shares fall below the protection price of $53.70, 80% of the initial price of $67.13, during the life of the notes and finish below the initial price in which case the payout will be Facebook shares equal to $1,000 principal amount divided by the initial price.

RBC Capital Markets Corp. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Reverse convertible notes
Underlying stock:	Facebook, Inc. (Symbol: FB)
Amount:	$547,000
Maturity:	Dec. 30, 2014
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Facebook shares fall below the protection price of $53.70, 80% of the initial price, and finish below the initial price, in which case Facebook shares equal to $1,000 principal amount divided by the initial price
Initial price:	$67.13
Protection price:	$53.70, 80% of $67.13
Pricing date:	June 26
Settlement date:	June 30
Agent:	RBC Capital Markets Corp.
Fees:	2%
Cusip:	78010UF69

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