RBC plans autocallable optimization securities on Halliburton via UBS

By Marisa Wong

Madison, Wis., Oct. 25 - Royal Bank of Canada plans to price 0% autocallable optimization securities with contingent protection due Nov. 1, 2011 linked to the common stock of Halliburton Co., according to an FWP filing with the Securities and Exchange Commission.

If the stock closes above its initial price on any of 12 monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized return of 18% to 22%. The exact call return will be set at pricing.

If the notes are not called and Halliburton stock finishes at or above 75% of its initial share price, the payout at maturity will be par. Otherwise, investors will receive par plus the share price return.

The notes (Cusip: 78009C142) are expected to price on Oct. 27 and settle on Oct. 29.

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

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