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RBC plans 9.1%-12.1% airbag yield optimization notes on Halliburton
By Susanna Moon
Chicago, Dec. 21 - Royal Bank of Canada plans to price 9.1% to 12.1% annualized airbag yield optimization notes due June 29, 2012 linked to Halliburton Co. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par in cash unless the final share price is less than the conversion price - 75% of the initial share price - in which case the payout will be a number of Halliburton shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the underwriters.
The notes will price on Dec. 28 and settle on Dec. 30.
The Cusip number is 78010V709.
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