New Issue: RBC prices $0.6 million 21.25% reverse convertibles linked to Fuel Systems

New York, Jan. 28 - Royal Bank of Canada priced $0.604 million of 21.25% reverse convertible notes due April 30, 2010 linked to Fuel Systems Solutions Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Fuel Systems shares fall below the protection price of $28.46, 75% of the initial price of $37.94, during the life of the notes and finish below the initial price in which case the payout will be Fuel Systems 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:	Fuel Systems Solutions Inc. (Symbol: FSYS)
Amount:	$0.604 million
Maturity:	April 30, 2010
Coupon:	21.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Fuel Systems shares fall below the protection price of $28.46, 75% of the initial price, and finish below the initial price, in which case Fuel Systems shares equal to $1,000 principal amount divided by the initial price
Initial price:	$37.94
Protection price:	$28.46, 75% of $37.94
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	RBC Capital Markets Corp.
Fees:	1.5%
Cusip:	78008HUN8

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