New Issue: RBC prices $445,000 10.35% reverse convertibles linked to 3D Systems

By Angela McDaniels

Tacoma, Wash., Nov. 7 - Royal Bank of Canada priced $445,000 of reverse convertible notes due May 8, 2014 linked to the common stock of 3D Systems Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes carry an annualized coupon of 10.35%. Interest is payable monthly.

The payout at maturity will be par unless 3D Systems stock falls below the barrier price, 65% of the initial share price, during the life of the notes and finishes below the initial share price, in which case the payout will be a number of 3D Systems shares equal to $1,000 divided by the initial share price or, at RBC's option, the value of those shares in cash.

RBC Capital Markets LLC is the underwriter.

Issuer:	Royal Bank of Canada
Issue:	Reverse convertible notes
Underlying stock:	3D Systems Corp. (Symbol: DDD)
Amount:	$445,000
Maturity:	May 8, 2014
Coupon:	10.35%, payable monthly
Price:	Par
Payout at maturity:	Par unless 3D Systems stock falls below barrier price during life of notes and finishes below initial share price, in which case number of 3D Systems shares equal to $1,000 divided by initial share price or, at RBC's option, equivalent amount in cash
Initial share price:	$63.52
Barrier price:	$41.29, 65% of initial share price
Pricing date:	Nov. 4
Settlement date:	Nov. 7
Underwriter:	RBC Capital Markets LLC
Fees:	2.25%
Cusip:	78010UHS9

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