RBC to price autocallable optimization securities linked to Ford

By Angela McDaniels

Tacoma, Wash., Nov. 22 - Royal Bank of Canada plans to price 0% autocallable optimization securities with contingent protection due Dec. 1, 2011 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

If the stock closes at or above its initial price on any of 12 monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized return of 18% to 22%. The exact call return will be set at pricing.

If the notes are not called and Ford stock finishes at or above 70% of its initial share price, the payout at maturity will be par. Otherwise, investors will receive par plus the stock return.

The notes (Cusip 78009C464) are expected to price Nov. 24 and settle Nov. 30.

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

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