New Issue: RBC prices $5.54 million 10.36% trigger yield optimization notes linked to Starbucks

By Angela McDaniels

Tacoma, Wash., Oct. 25 - Royal Bank of Canada priced $5.54 million of 10.36% annualized trigger yield optimization notes due Oct. 26, 2012 linked to the common stock of Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $42.10, which is equal to the initial share price of Starbucks stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Starbucks stock is less than 75% of the initial share price, in which case investors will receive one Starbucks share per note.

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

Issuer:	Royal Bank of Canada
Issue:	Trigger yield optimization notes
Underlying stock:	Starbucks Corp. (Symbol: SBUX)
Amount:	$5,543,980.60
Maturity:	Oct. 26, 2012
Coupon:	10.36%, payable monthly
Price:	Par of $42.10
Payout at maturity:	If final share price is less than trigger price, one Starbucks share; otherwise, par
Initial share price:	$42.10
Trigger price:	$31.58, 75% of initial price
Pricing date:	Oct. 21
Settlement date:	Oct. 26
Underwriters:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78010W368

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