Issuer :

City National Capital Trust I (the “Trust”), a Delaware statutory trust, the sole asset of which will be junior subordinated debt securities issued by City National Corporation (“City National”). City National will own all common securities of the Trust.

Expected Issue Ratings*:

Moody’s Investors Service: A3

Standard & Poor’s: BBB-

Securities Offered:

$250,000,000 9.625% Cumulative Trust Preferred Securities

Liquidation Amount:

$1,000 per trust preferred security

Initial Offer Price:

$987.49 per trust preferred security

Pricing Date:

December 3, 2009

Settlement Date:

December 8, 2009

Maturity Date:

February 1, 2040

Distributions:

9.625% payable semi-annually in arrears on February 1 and August 1 of each year beginning August 1, 2010.

Deferral Provision:

The Trust will defer payments on the trust preferred securities for up to five years if City National defers payments on the underlying junior subordinated debt securities. Payments cannot be deferred beyond the maturity date of the junior subordinated debt securities on February 1, 2040. Distributions on the trust preferred securities will continue to accumulate at the same applicable annual rate compounded from the relevant interest payment date during the deferral period. With certain exceptions, during a deferral period, City National and its subsidiaries will not be permitted to: (1)

declare or pay any dividends or distributions or redeem, purchase, acquire or make a liquidation payment on any shares of City National’s capital stock or the capital stock of its subsidiaries, (2) make any payments of principal of or interest or premium, if any, on or repay, repurchase or redeem any debt securities (including other junior subordinated debt securities or other junior subordinated debt) issued by City National that rank equally with or junior in interest to the junior subordinated debt securities, or (3) make any guarantee payments on any guarantee of debt securities of any of City National’s subsidiaries (including under other guarantees of junior subordinated debt securities or other junior subordinated debt) if the guarantee ranks equally with or junior in interest to the junior subordinated debt securities.

Optional Redemption:

City National may redeem the junior subordinated debt securities (i) in whole or in part at any time after February 1, 2015 at the applicable make-whole redemption price equal to the greater of 100% of the principal amount of the junior subordinated debt securities or the present value of scheduled payments of principal and interest from the redemption date to the stated maturity date, on the junior subordinated debt securities being redeemed, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury rate plus a spread of 0.75%, in each case, plus accrued and unpaid interest to the redemption date, and (ii) in whole but not in part within 90 days of the occurrence of certain changes relating to the tax or capital treatment of the trust preferred securities at a redemption price of the aggregate principal amount of the junior subordinated debt securities to be redeemed plus accrued and unpaid interest at the date of redemption, in each case subject to the prior approval of the Federal Reserve Board. The proceeds from any redemption of the junior subordinated debt securities will be applied to redeem the trust preferred securities having an aggregate liquidation amount equal to the aggregate principal amount of the junior subordinated debt securities being redeemed.

CUSIP/ISIN:

17800WAA3 / US17800WAA36

Joint Book-Running Managers:

J.P. Morgan Securities Inc.

Barclays Capital Inc.

UBS Securities LLC