New Issue: RBC prices $21.68 million 11.1% trigger yield notes linked to Ford

By Susanna Moon

Chicago, Sept. 20 - Royal Bank of Canada priced $21.68 million of 11.1% trigger yield optimization notes due Sept. 21, 2012 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is equal to the initial price of Ford stock.

Interest is payable monthly.

The payout at maturity will be par in cash unless the final price of Ford stock is less than 70% of the initial share price, in which case investors will receive one Ford share per note.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger yield optimization notes
Underlying stock:	Ford Motor Co. (Symbol: F)
Amount:	$21,677,161.68
Maturity:	Sept. 21, 2012
Coupon:	11.1%, payable monthly
Price:	Par of $10.62
Payout at maturity:	If final share price is less than trigger price, one Ford share; otherwise, par
Initial share price:	$10.62
Trigger price:	$7.43, or 70% of initial price
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78010W764

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.