RBC ups coupon for RevCons linked to Green Mountain Coffee to 20%

By Jennifer Chiou

New York, May 12 - Royal Bank of Canada augmented the coupon for its reverse convertible notes due Aug. 18, 2010 linked to the common stock of Green Mountain Coffee Roasters, Inc. to 20% per year from 13%, according to an amended FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Green Mountain Coffee stock falls below the barrier price - 80% 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 Green Mountain Coffee shares equal to $1,000 divided by the initial share price or, at RBC's option, the value of those shares in cash.

The notes are expected to price May 13 and settle May 18.

RBC Capital Markets Corp. is the agent.

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