New Issue: RBC prices $905,000 9% reverse convertibles linked to Facebook

New York, May 13 - Royal Bank of Canada priced $905,000 of 9% reverse convertible notes due Aug. 13, 2014 linked to Facebook, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Facebook shares fall below the protection price of $42.57, 75% of the initial price of $56.76, during the life of the notes and finish below the initial price in which case the payout will be Facebook shares equal to $1,000 principal amount divided by the initial price.

RBC Capital Markets Corp. is the agent.

Issuer:	Royal Bank of Canada
Issue:	Reverse convertible notes
Underlying stock:	Facebook, Inc. (Symbol: FB)
Amount:	$905,000
Maturity:	Aug. 13, 2014
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Facebook shares fall below the protection price of $42.57, 75% of the initial price, and finish below the initial price, in which case Facebook shares equal to $1,000 principal amount divided by the initial price
Initial price:	$56.76
Protection price:	$42.57, 75% of $56.76
Pricing date:	May 8
Settlement date:	May 13
Agent:	RBC Capital Markets Corp.
Fees:	1.25%
Cusip:	78010UXZ5

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