RBC plans trigger phoenix autocallable notes linked to Warner Chilcott

By Marisa Wong

Madison, Wis., April 10 - Royal Bank of Canada plans to price trigger phoenix autocallable optimization securities due Oct. 20, 2014 linked to Warner Chilcott plc shares, according to an FWP filing with the Securities and Exchange Commission.

If Warner Chilcott shares close at or above the 70% trigger price on a quarterly observation date, the notes will pay a contingent coupon for that quarter at the rate of 11% to 13.5% per year.

If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and Warner Chilcott shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on April 12 and settle on April 17.

The Cusip number is 78008D463.

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