RBC plans 8.2%-10.7% trigger yield optimization notes tied to Starwood

By Toni Weeks

San Diego, Jan. 18 - Royal Bank of Canada plans to price 8.2% to 10.7% trigger yield optimization notes due Jan. 28, 2013 linked to the common stock of Starwood Hotels & Resorts Worldwide, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Starwood stock.

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

The notes (Cusip: 78010V147) are expected to price Jan. 20 and settle Jan. 25.

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

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