RBC plans 5%-6.5% trigger yield optimization notes linked to CSX stock

By Susanna Moon

Chicago, Aug. 8 - Royal Bank of Canada plans to price 5% to 6.5% trigger yield optimization notes due Aug. 15, 2014 linked to CSX Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The face amount of each note will be equal to the initial price of CSX stock.

The payout at maturity will be par unless the final price of CSX stock is less than 70% of the initial share price, in which case investors will receive one CSX share per note.

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

The notes will price on Aug. 9 and settle on Aug. 14.

The Cusip number is 78008D877.

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