RBC to price 7%-9% airbag autocallables linked to Hain Celestial

By Angela McDaniels

Tacoma, Wash., Jan. 9 - Royal Bank of Canada plans to price 7% to 9% annualized airbag autocallable yield optimization notes due Jan. 17, 2014 linked to the common stock of Hain Celestial Group, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par plus accrued interest if Hain Celestial stock closes at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Hain Celestial shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

The notes will price Jan. 11 and settle Jan. 16.

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

The Cusip number is 78008W834.

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