New Issue: RBC prices $3 million 11.72% trigger yield optimization notes linked to Las Vegas Sands

By Toni Weeks

San Diego, Sept. 5 - Royal Bank of Canada priced $3 million of 11.72% trigger yield optimization notes due Sept. 9, 2013 linked to Las Vegas Sands Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The face amount of each note is equal to the initial price of Las Vegas Sands stock.

The payout at maturity will be par in cash unless the stock finishes below the trigger level - 70% of the initial share price - in which case investors will receive one Las Vegas Sands share per note.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger yield optimization notes
Underlying stock:	Las Vegas Sands Corp. (NYSE: LVS)
Amount:	$2,999,940.30
Maturity:	Sept. 9, 2013
Coupon:	11.72%, payable monthly
Price:	Par of $42.39
Payout at maturity:	If stock finishes below trigger price, one Las Vegas Sands share; otherwise, par
Initial share price:	$42.39
Trigger price:	$29.67, 70% of initial price
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78008W263

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