New Issue: RBC prices $10.49 million 9.69% trigger yield notes linked to Valero

By Toni Weeks

San Diego, June 14 - Royal Bank of Canada priced $10.49 million of 9.69% trigger yield optimization notes due June 14, 2012 linked to the common stock of Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

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

The payout at maturity will be par unless the final price of Valero stock is less than 75% of the initial share price, in which case investors will receive one Valero 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:	Valero Energy Corp. (NYSE: VLO)
Amount:	$10,494,581.76
Maturity:	June 14, 2012
Coupon:	9.69%, payable monthly
Price:	Par of $24.96
Payout at maturity:	If final share price is less than trigger price, one Valero share; otherwise, par
Initial share price:	$24.96
Trigger price:	$18.72, 75% of initial price
Pricing date:	June 10
Settlement date:	June 15
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78010T605

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.