New Issue: RBC prices $1 million 9.4% reverse convertibles linked to OmniVision Technologies

New York, April 25 - Royal Bank of Canada priced $1 million of 9.4% reverse convertible notes due July 26, 2013 linked to OmniVision Technologies, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless OmniVision Technologies shares fall below the protection price of $9.15, 71.5% of the initial price of $12.81, during the life of the notes and finish below the initial price in which case the payout will be OmniVision Technologies 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:	OmniVision Technologies, Inc. (Symbol: OVTI)
Amount:	$1 million
Maturity:	July 26, 2013
Coupon:	9.4%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless OmniVision Technologies shares fall below the protection price of $9.15, 71.5% of the initial price, and finish below the initial price, in which case OmniVision Technologies shares equal to $1,000 principal amount divided by the initial price
Initial price:	$12.81
Protection price:	$9.15, 71.5% of $12.81
Pricing date:	April 23
Settlement date:	April 26
Agent:	RBC Capital Markets Corp.
Fees:	1.1%
Cusip:	78008ST22

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