RBC plans trigger phoenix autocallable optimization notes on Walgreen

By Susanna Moon

Chicago, Oct. 25 - Royal Bank of Canada plans to price trigger phoenix autocallable optimization securities due Oct. 31, 2012 linked to Walgreen Co. shares, according to an FWP filing with the Securities and Exchange Commission.

If Walgreen stock closes at or above the trigger price - 75% of the initial share price - on any quarterly observation date, the notes will pay an annualized contingent coupon of 9.5% to 12.5%. The exact rate will be set at pricing.

If the shares close at or above the initial price on any of the observation dates, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called and the Walgreen share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be exposed to any losses.

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

The notes will price on Oct. 27 and settle on Oct. 31.

The Cusip number is 78010W426.

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