RBC plans contingent absolute return autocallables on Lincoln National

By Toni Weeks

San Luis Obispo, Calif., Oct. 2 - Royal Bank of Canda plans to price 0% contingent absolute return autocallable optimization securities due Oct. 10, 2014 linked to Lincoln National Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 10.7% to 13.7% if Lincoln National shares close at or above the initial share price on any quarterly observation date. The exact call return will be set at pricing.

If the notes are not called and the final share price is at or above the 80% trigger level, the payout at maturity will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

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

The notes (Cusip: 78009Q620) are expected to price Oct. 4 and settle Oct. 9.

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