RBC plans 9%-12% trigger yield optimization notes on Vectors Gold ETF

By Jennifer Chiou

New York, Oct. 3 - Royal Bank of Canada plans to price 9% to 12% annualized trigger yield optimization notes due April 13, 2012 linked to Market Vectors Gold Miners ETF, according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of the fund shares.

The payout at maturity will be par in cash unless the fund finishes at less than 70% of the initial share price, in which case investors will receive one fund share per note.

The notes (Cusip: 78010W871) will price on Oct. 7 and settle on Oct. 13.

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

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