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RBC plans 8.3%-10.8% airbag yield optimization notes tied to Huntsman
By Susanna Moon
Chicago, Feb. 14 - Royal Bank of Canada plans to price 8.3% to 10.8% annualized airbag yield optimization notes due Aug. 23, 2012 linked to Huntsman Corp. shares, according to an FWP 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 will be 80% of the initial share price.
UBS Financial Services Inc. and RBC Capital Markets, LLC are the underwriters.
The notes will price on Feb. 17 and settle on Feb. 23.
The Cusip is 78008C648.
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