RBC plans 8% to 10.5% trigger yield optimization notes on Starbucks

By Jennifer Chiou

New York, Oct. 19 - Royal Bank of Canada plans to price 8% to 10.5% trigger yield optimization notes due Oct. 26, 2012 linked to the common stock of Starbucks Corp., 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 Starbucks stock.

The payout at maturity will be par unless the final price of Starbucks stock is less than 75% of the initial share price, in which case investors will receive one Starbucks share per note.

The notes (Cusip: 78010W368) will price on Oct. 21 and settle on Oct. 26.

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

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