RBC to price 6.6%-8.6% airbag autocallables linked to salesforce.com

By Angela McDaniels

Tacoma, Wash., April 10 - Royal Bank of Canada plans to price 6.6% to 8.6% airbag autocallable yield optimization notes due April 21, 2014 linked to the common stock of salesforce.com, inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be automatically called if salesforce.com shares close at or above the initial share price on any of four quarterly observation dates.

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 salesforce.com shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

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

The notes are expected to price April 12 and settle April 18.

The Cusip number is 78008D430.

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