RBC plans trigger phoenix callable notes linked to three indexes

By Susanna Moon

Chicago, Aug. 19 - Royal Bank of Canada plans to price trigger phoenix callable notes due August 2015 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx index, according to an FWP filing with the Securities and Exchange Commission.

If each index closes at or above its 75% trigger level on any quarterly observation date, the notes will pay contingent coupon at an annualized rate of 8.6% for that quarter.

The notes are callable on any interest payment date at par plus the contingent coupon.

The payout at maturity will be par plus the contingent coupon unless the worst performing index finishes below the 75% trigger level, in which case investors will be exposed to any losses of the worst performing index.

RBC Capital Markets, LLC is the underwriter.

The notes will price and settle in August.

The Cusip number is 78010UAT4.

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