RBC plans 13.75% three-month reverse convertibles linked to 3D Systems

By Susanna Moon

Chicago, Nov. 20 - Royal Bank of Canada plans to price 13.75% annualized reverse convertible notes due Feb. 28, 2014 linked to 3D Systems Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless 3D Systems stock ever closes below the 70% barrier level 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 cash equivalent.

RBC Capital Markets LLC is the agent.

The notes will price on Nov. 26 and settle on Nov. 29.

The Cusip number is 78010UJL2.

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