New Issue: RBC prices $730,000 8.1% airbag yield optimization notes on Huntsman

By Toni Weeks

San Diego, Nov. 2 - Royal Bank of Canada priced $730,000 of 8.1% annualized airbag yield optimization notes due May 2, 2013 linked to Huntsman Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

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 Huntsman shares equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial share price.

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

Issuer:	Royal Bank of Canada
Issue:	Airbag autocallable yield optimization notes
Underlying stock:	Huntsman Corp. (Symbol: HUN)
Amount:	$730,000
Maturity:	May 2, 2013
Coupon:	8.1%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, number of Huntsman shares equal to $1,000 divided by conversion price; otherwise, par
Initial share price:	$15.04
Conversion price:	$12.03, 80% of initial share price
Pricing date:	Oct. 31
Settlement date:	Nov. 2
Underwriters:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	1%
Cusip:	78008W529

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