Filed pursuant to Rule 433 | Registration Statement Nos. 333-162219, 333-162219-01, 333-162193 and 333-162193-01
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RBS US Gold Trendpilot ETN (TBAR)
Press Release
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RBS US Mid Cap Trendpilot ETN
(TRNM) Press Release
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RBS US Large Cap Trendpilot ETN
(TRND) Press Release
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The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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Products
4 Products found
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Name Ticker Maturity Inception Date Annual Investor Fees
------------------------------- ------ -------- -------------- --------------------
RBS Gold Trendpilot ETN TBAR 02/15/41 02/17/11 1.00%*
------------------------------- ------ -------- -------------- --------------------
RBS Oil Trendpilot ETN TWTI 09/10/41 09/15/11 1.10%*
------------------------------- ------ -------- -------------- --------------------
RBS US Large Cap Trendpilot ETN TRND 12/07/40 12/06/10 1.00%*
------------------------------- ------ -------- -------------- --------------------
RBS US Mid Cap Trendpilot ETN TRNM 01/25/41 01/25/11 1.00%*
With respect to the RBS Gold Trendpilot ETNs, RBS US Large Cap Trendpilot ETNs
and RBS US Mid Cap Trendpilot ETNs, when tracking the Benchmark Index, the RBS
Trendpilot ETNs will have an investor fee of 1.00% per annum. When tracking the
3-month US T-Bills, the RBS Trendpilot ETNs will have an investor fee of 0.50%
per annum. Fees accrue daily.
With respect to the RBS Oil Trendpilot ETNs, when tracking the Benchmark Index,
the RBS Trendpilot ETNs will have an investor fee of 1.10% per annum. When
tracking the 3-month US T-Bills, the RBS Trendpilot ETNs will have an investor
fee of 0.50% per annum. Fees accrue daily.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are RBS Exchange Traded Notes?
RBS Exchange Traded notes (ETNs) are unsecured and senior obligations of the
relevant issuing RBS entity (the Issuer), which is either The Royal Bank of
Scotland N.V. (RBS N.V.) or The Royal Bank of Scotland plc (RBS plc). RBS ETNs
issued by RBS N.V. and RBS plc are fully and unconditionally guaranteed by RBS
Holdings N.V. (RBS Holdings) and The Royal Bank of Scotland Group plc (RBS
Group), respectively. Any payments on the RBS ETNs when they become due at
maturity or upon early repurchase or redemption are dependent on the ability of
the relevant Issuer to pay. The returns on the RBS ETNs track the performance
of an underlying market measure(s). RBS ETNs are registered with the Securities
and Exchange Commission (SEC) under the Securities Act of 1933, and are listed
on a U.S. securities exchange.
To download a PDF copy of the FAQs, click here
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[GRAPHIC OMITTED]
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
The return on RBS ETNs may track underlying market measures across various
asset classes, such as equity or commodity indices, bond futures indices, and
currencies. The underlying market measure(s) to which your ETN is linked will
be described in the pricing supplement and prospectus applicable to your RBS
ETN.
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN? What are some of the
key risks to investing in RBS ETNs? What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
RBS ETNs are listed and traded on a U.S. securities exchange, and can be bought
and sold during trading hours. You can buy RBS ETNs through your broker, your
financial advisor or an online trading platform. If an active secondary market
develops, we expect that most purchases and sales of RBS ETNs will occur in the
secondary market during trading hours, in the same way as you would buy or sell
stocks.
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN? What are some of the
key risks to investing in RBS ETNs? What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
If you own an RBS ETN on its maturity date, the relevant Issuer will pay you an
amount in cash equal to the redemption value of your ETN. The redemption value
of an ETN will depend on the performance of the underlying market measure (s)
to which the ETN is linked, less the applicable investor fees. Any payment at
maturity of the ETNs is subject to the ability of the relevant Issuer and, in
the case of the guarantee, the applicable guarantor, to satisfy their
obligations when due.
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN? What are some of the
key risks to investing in RBS ETNs? What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
If you own a minimum amount of a specific RBS ETN, you can offer to have your
ETNs repurchased by the relevant Issuer at the redemption value through your
broker, provided that your broker offers at least a minimum amount for
repurchase. This minimum amount, and the procedures that your broker will have
to follow in order to have ETNs repurchased by the relevant Issuer, will be
stated in the pricing supplement and prospectus related to your ETNs.
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN? What are some of the
key risks to investing in RBS ETNs? What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
The redemption value of an RBS ETN means the amount that would be payable by
the relevant Issuer to the investor if the ETN were to be repurchased or
redeemed by such Issuer either prior to or on the maturity date. The redemption
value for an RBS ETN on any given day will depend on the performance of the
underlying market measure(s) which the ETN tracks, less the applicable investor
fee and repurchase fee. The applicable pricing supplement and prospectus
describe how this amount is determined for the relevant RBS ETNs. The daily
redemption value for each outstanding RBS ETN will be published on
www.rbs.com/etnUS. Information contained on that website is not incorporated by
reference in, and should not be considered a part of, this document.
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN? What are some of the
key risks to investing in RBS ETNs? What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
The market price of an RBS ETN is the bid or ask price for that ETN as quoted
on the relevant U.S. securities exchange on which the ETN is listed. As with
stocks, the market price of an ETN will depend on the supply and demand for
that ETN, as well various other factors, including market conditions and the
issuer's actual or perceived creditworthiness. The redemption value of an RBS
ETN, however, is calculated by RBS Securities Inc., as calculation agent, based
on the performance of the underlying market measure(s), reduced by the
applicable investor fee, in accordance with a predetermined formula. The
redemption value will not fluctuate based on the supply or demand for the RBS
ETNs as traded on the U.S. securities exchange, nor will it fluctuate in
response to any changes in the issuer's credit ratings. However, because the
redemption value depends on the performance of the underlying market
measure(s), which can fluctuate based on market conditions, changes in market
conditions may have an impact on the redemption values of the RBS ETNs.
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN?
What are some of the key risks to investing in RBS ETNs?
What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
Yes. Yes. The market price for an RBS ETN may, at any time, be higher or lower
than its redemption value for various reasons. For example, market or other
factors could potentially prevent the relevant Issuer from issuing additional
securities of existing RBS ETNs, which may result in increased demand for those
ETNs, causing those ETNs to trade at a premium in the secondary market.
Conversely, events such as an issuer credit rating downgrade may adversely
impact the market price of RBS ETNs, causing it to trade at a discount to their
redemption value. The daily repurchase feature described above is intended to
induce arbitrageurs to counteract any trading of the RBS ETNs at a discount to
their indicative value. However, we cannot assure you that arbitrageurs will
use the repurchase feature in this manner.
What is the tax treatment of an investment in an RBS ETN? What are some of the
key risks to investing in RBS ETNs? What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN?
You should review carefully the section in the applicable pricing supplement
entitled "U.S. Federal Income Tax Consequences."
What are some of the key risks to investing in RBS ETNs?
What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN?
What are some of the key risks to investing in RBS ETNs?
The applicable pricing supplement and prospectus for your RBS ETNs will
describe material risks related to an investment in RBS ETNs. These risks
include the following:
[] Credit risk of the issuer. All payments on RBS ETNs will depend on the
ability of the relevant Issuer to pay its obligations when due. RBS ETNs
issued by RBS N. V. and RBS plc are also fully and unconditionally
guaranteed by RBS Holdings and RBS Group, respectively. As such, if the
relevant Issuer fails to make any required payments on the ETNs, your
receipt of such payments will depend on the ability of the applicable
guarantor to pay its obligations. RBS ETNs do not guarantee any return to
you of the principal invested. RBS ETNs are not FDIC insured.
[] Market Risk. The return on an RBS ETN will depend on the performance of the
underlying market measure(s) which it tracks. The underlying market
measure(s) may perform poorly, resulting in a negative impact on the RBS
ETN and may result in a loss to the investor.
[] Investor Fee. The amount payable at maturity or upon early repurchase or
redemption of your ETNs is reduced by the aggregate investor fee applicable
to your ETNs. As a result, the level of the underlying market measure(s) to
which your ETNs are linked must increase by an amount sufficient to offset
such in order for you to receive at least the face amount of your
investment at maturity or upon early repurchase or redemption. If the level
of the underlying market measure(s) decreases or does not increase
sufficiently, you will receive less, and possibly significantly less, than
the face amount of your investment at maturity or upon early repurchase or
redemption.
[] Liquidity risk. Even though RBS ETNs are expected to be listed on a U. S.
securities exchange, there is no guarantee that the listing will be
maintained or that a secondary market will develop. The relevant Issuer is
not required to maintain any listing of RBS ETNs on any securities
exchange.
[] Restrictions. on your ability to offer RBS ETNs for repurchase by the
issuer. Through your broker, you may offer RBS ETNs for repurchase by the
relevant Issuer only if minimum amounts are offered and certain procedures
described in the applicable pricing supplement are followed.
[] Call risk. The relevant Issuer also has the right to redeem your ETNs at
its option. If the relevant Issuer elects to repurchase your ETNs at its
option, you may not be able to reinvest the proceeds that you receive in
another investment comparable to the RBS ETNs.
[] Uncertain tax treatment Significant aspects of the U. S. federal income tax
treatment of the ETNs are uncertain, and the Internal Revenue Service or a
court might not agree with the tax consequences described in the applicable
pricing supplement.
What else should I consider?
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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What are some of the market measures to which an RBS ETN can be linked?
How do I buy or sell an RBS ETN?
What happens if I buy and hold an RBS ETN to its maturity?
Can I offer my RBS ETNs for repurchase by the relevant Issuer before their
maturity date?
What is the redemption value of an RBS ETN?
What is the difference between the market price of an RBS ETN and its
redemption value?
Can an RBS ETN trade at a premium or discount to its redemption value?
What is the tax treatment of an investment in an RBS ETN? What are some of the
key risks to investing in RBS ETNs? What else should I consider?
RBS ETNs are not suitable for all investors. Before buying an RBS ETN, you
should carefully read the applicable pricing supplement and prospectus, which
contains a description of the material terms of the RBS ETNs, including risks
that you should consider. You should not buy any RBS ETNs if you are not
willing to risk losing some or all of your investment, if you want an income
stream, or if you are unwilling to be exposed to fluctuations in the market
price of your ETNs and the performance of the underlying market measure which
your ETN tracks.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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Contact Form for Registered Investment Advisers and Broker-Dealers to Receive
Further Information about the RBS Trendpilot ETNs:
If you are a Registered Investment Adviser or Broker-Dealer and are interested
in receiving further information about the RBS Trendpilot ETNs from a Pacer
Financial, Inc., our marketing intermediary, please provide us your contact
information below.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855 -RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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Telephone
Individual Investors
RBS ETNs are listed and traded on a U.S. securities exchange, and can be bought
and sold during trading hours. You can get more information about RBS ETNs
through your broker, your financial advisor or an online trading platform.
Financial Professionals
For more information on the RBS Trendpilot(TM) ETNs please contact:
855.RBS.ETPS
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855 -RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
16
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About Us
RBS Securities Inc. ("RBSSI") is an indirect wholly owned subsidiary of The
Royal Bank of Scotland Group plc ("RBSG").
RBSSI is a Securities and Exchange Commission ("SEC") registered broker-dealer,
a primary dealer of U.S. Government securities and a Commodity Futures Trading
Commission ("CFTC") designated Futures Commission Merchant ("FCM"). RBSSI is a
member of the Securities Investor Protection Corporation (SIPC) and the
Financial Industry Regulatory Authority (FINRA). RBSSI transacts primarily with
institutional counterparties and government sponsored entities.
RBSG and its respective affiliates undertake their respective U.S. securities
businesses through RBSSI.
The Royal Bank of Scotland Group plc
RBSG is a public limited company incorporated in Scotland. RBSG is the holding
company of a large global banking and financial services group. Headquartered
in Edinburgh, the Group operates in the United Kingdom, the United States and
internationally through its two principal subsidiaries, RBS and NatWest. Both
RBS and NatWest are major U.K. clearing banks whose origins go back over 275
years.
In the United States, the Group's subsidiary Citizens Financial Group, Inc. is
a large commercial banking organization. The Group has a large and diversified
customer base and provides a wide range of products and services to personal,
commercial and large corporate and institutional customers.
For additional information about our us, click here.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855 -RBS-ETPS
(toll-free).
[GRAPHIC OMITTED]
RBS Americas Headquarters
600 Washington Boulevard
Stamford, CT 06901
Privacy Statement Terms and Conditions
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Products
2 Products found
Name Ticker Maturity Inception Date Annual Investor Fees
----------------------- ------ -------- -------------- --------------------
RBS Gold Trendpilot ETN TBAR 02/15/41 02/17/11 1.00%*
----------------------- ------ -------- -------------- --------------------
RBS Oil Trendpilot ETN TWTI 09/10/41 09/15/11 1.10%*
With respect to the RBS Gold Trendpilot ETNs, RBS US Large Cap Trendpilot ETNs
and RBS US Mid Cap Trendpilot ETNs, when tracking the Benchmark Index, the RBS
Trendpilot ETNs will have an investor fee of 1.00% per annum. When tracking the
3-month US T-Bills, the RBS Trendpilot ETNs will have an investor fee of 0.50%
per annum. Fees accrue daily.
With respect to the RBS Oil Trendpilot ETNs, when tracking the Benchmark Index,
the RBS Trendpilot ETNs will have an investor fee of 1.10% per annum. When
tracking the 3-month US T-Bills, the RBS Trendpilot ETNs will have an investor
fee of 0.50% per annum. Fees accrue daily.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
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Products
1 product found
Name Ticker Maturity Inception Date Annual Investor Fees
----------------------- ------ -------- -------------- --------------------
RBS Gold Trendpilot ETN TBAR 02/15/41 02/17/11 1.00%*
With respect to the RBS Gold Trendpilot ETNs, RBS US Large Cap Trendpilot ETNs
and RBS US Mid Cap Trendpilot ETNs, when tracking the Benchmark Index, the RBS
Trendpilot ETNs will have an investor fee of 1.00% per annum. When tracking the
3-month US T-Bills, the RBS Trendpilot ETNs will have an investor fee of 0.50%
per annum. Fees accrue daily.
With respect to the RBS Oil Trendpilot ETNs, when tracking the Benchmark Index,
the RBS Trendpilot ETNs will have an investor fee of 1.10% per annum. When
tracking the 3-month US T-Bills, the RBS Trendpilot ETNs will have an investor
fee of 0.50% per annum. Fees accrue daily.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
19
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Products
1 product found
Name Ticker Maturity Inception Date Annual Investor Fees
---------------------- ------ -------- -------------- --------------------
RBS Oil Trendpilot ETN TWTI 09/10/41 09/15/11 1.10%*
With respect to the RBS Gold Trendpilot ETNs, RBS US Large Cap Trendpilot ETNs
and RBS US Mid Cap Trendpilot ETNs, when tracking the Benchmark Index, the RBS
Trendpilot ETNs will have an investor fee of 1.00% per annum. When tracking the
3-month US T-Bills, the RBS Trendpilot ETNs will have an investor fee of 0.50%
per annum. Fees accrue daily.
With respect to the RBS Oil Trendpilot ETNs, when tracking the Benchmark Index,
the RBS Trendpilot ETNs will have an investor fee of 1.10% per annum. When
tracking the 3-month US T-Bills, the RBS Trendpilot ETNs will have an investor
fee of 0.50% per annum. Fees accrue daily.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
20
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Products
2 Products found
Name Ticker Maturity Inception Date Annual Investor Fees
------------------------------- ------ -------- -------------- --------------------
RBS US Large Cap Trendpilot ETN TRND 12/07/40 12/06/10 1.00%*
------------------------------- ------ -------- -------------- --------------------
RBS US Mid Cap Trendpilot ETN TRNM 01/25/41 01/25/11 1.00%*
With respect to the RBS Gold Trendpilot ETNs, RBS US Large Cap Trendpilot ETNs
and RBS US Mid Cap Trendpilot ETNs, when tracking the Benchmark Index, the RBS
Trendpilot ETNs will have an investor fee of 1.00% per annum. When tracking the
3-month US T-Bills, the RBS Trendpilot ETNs will have an investor fee of 0.50%
per annum. Fees accrue daily.
With respect to the RBS Oil Trendpilot ETNs, when tracking the Benchmark Index,
the RBS Trendpilot ETNs will have an investor fee of 1.10% per annum. When
tracking the 3-month US T-Bills, the RBS Trendpilot ETNs will have an investor
fee of 0.50% per annum. Fees accrue daily.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
21
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Products
1 product found
Name Ticker Maturity Inception Date Annual Investor Fees
------------------------------- ------ -------- -------------- --------------------
RBS US Large Cap Trendpilot ETN TRND 12/07/40 12/06/10 1.00%*
With respect to the RBS Gold Trendpilot ETNs, RBS US Large Cap Trendpilot ETNs
and RBS US Mid Cap Trendpilot ETNs, when tracking the Benchmark Index, the RBS
Trendpilot ETNs will have an investor fee of 1.00% per annum. When tracking the
3-month US T-Bills, the RBS Trendpilot ETNs will have an investor fee of 0.50%
per annum. Fees accrue daily.
With respect to the RBS Oil Trendpilot ETNs, when tracking the Benchmark Index,
the RBS Trendpilot ETNs will have an investor fee of 1.10% per annum. When
tracking the 3-month US T-Bills, the RBS Trendpilot ETNs will have an investor
fee of 0.50% per annum. Fees accrue daily.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
22
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Products
1 product found
Name Ticker Maturity Inception Date Annual Investor Fees
----------------------------- ------ -------- -------------- --------------------
RBS US Mid Cap Trendpilot ETN TRNM 01/25/41 01/25/11 1.00%*
With respect to the RBS Gold Trendpilot ETNs, RBS US Large Cap Trendpilot ETNs
and RBS US Mid Cap Trendpilot ETNs, when tracking the Benchmark Index, the RBS
Trendpilot ETNs will have an investor fee of 1.00% per annum. When tracking the
3-month US T-Bills, the RBS Trendpilot ETNs will have an investor fee of 0.50%
per annum. Fees accrue daily.
With respect to the RBS Oil Trendpilot ETNs, when tracking the Benchmark Index,
the RBS Trendpilot ETNs will have an investor fee of 1.10% per annum. When
tracking the 3-month US T-Bills, the RBS Trendpilot ETNs will have an investor
fee of 0.50% per annum. Fees accrue daily.
The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.), RBS Holdings N.V. (collectively,
the RBS Entities) have each filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (SEC) for the offering
of RBS ETNs to which this communication may relate. Before you invest in any
RBS ETNs, you should read the relevant prospectus in such registration
statement and other documents that have been filed with the SEC for more
complete information about the relevant RBS Entities and offerings. You may get
these documents for free by visiting EDGAR on the SEC website at www.sec.gov .
Alternatively, RBS N.V., RBS plc, RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the relevant
prospectus and pricing supplements if you request by calling 1-855-RBS-ETPS
(toll-free).
Privacy Statement Terms and Conditions
23
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