By Susanna Moon
Chicago, Oct. 29 - Royal Bank of Canada priced $18.45 million of 0% autocallable optimization securities with contingent protection due Nov. 1, 2011 based on the performance of Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and RBC Capital Markets Corp. are the underwriters.
If Halliburton stock closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called at par of $10 plus an annualized call premium of 22.05%.
The payout at maturity will be par if the index finishes at or above 75% of the initial share price. Otherwise, investors will be exposed to any decline in the share price.
| Issuer: | Royal Bank of Canada
|
| Issue: | Autocallable optimization securities with contingent protection
|
| Underlying stock: | Halliburton Co. (Symbol: HAL)
|
| Amount: | $18,445,410
|
| Maturity: | Nov. 1, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final share price is at or above trigger price, par; otherwise, par plus return
|
| Call: | At par plus 22.05% if Halliburton stock closes at or above initial share price on any of 12 monthly observation dates
|
| Initial share price: | $34.4
|
| Trigger price: | $25.82, or 75% of initial share price
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 29
|
| Underwriters: | UBS Financial Services Inc. and RBC Capital Markets Corp.
|
| Fees: | 1.25%
|
| Cusip: | 78009C142
|
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