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RBS US Mid Cap Trendpilot[] ETN TRNM 1/25/11 TRNM.IV
RBS Gold Trendpilot[] ETN TBAR 2/17/11 TBAR.IV
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RBS Oil Trendpilot[] ETN TWTI 9/13/11 TWTI.IV
RBS NASDAQ-100([R]) Trendpilot[] ETN TNDQ 12/8/11 TNDQ.IV
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RBS China Trendpilot[] ETN TCHI 4/13/12 TCHI.IV
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RBS Sector ETNs
RBS Global Big Pharma ETN DRGS 10/21/11 DRGS.IV
FOR BROKER DEALERS/REGISTERED INVESTMENT ADVISORS ONLY.
NOT FOR DISTRIBUTION TO INDIVIDUAL INVESTORS
CERTAIN RISK CONSIDERATIONS: The RBS ETNs involve risks not associated with an
investment in conventional debt securities, including a possible loss of some
or all of your investment. The level of the relevant Index must increase by an
amount sufficient to offset the aggregate investor fee applicable to the RBS
ETNs in order for you to receive at least the principal amount of your
investment back at maturity or upon early repurchase or redemption. The
Benchmark Index for the RBS Global Big Pharma ETNs comprises securities of a
limited number of companies concentrated in the pharmaceuticals industry, and
may not be representative of an investment that provides exposure to the
pharmaceutical industry as a whole. The RBS Oil TrendpilotTM ETNs and the RBS
Oil Trendpilot(TM) Index (USD) do not provide exposure to spot prices of crude
oil and, consequently, may not be representative of an investment that provides
exposure to crude oil. Each Trendpilot[] Index may underperform its respective
Benchmark Index, and is expected to perform poorly in volatile markets. The RBS
China Trendpilot[] ETNs involve risks associated with an investment in emerging
markets, as well as currency exchange risk. The RBS US Large Cap Alternator
Index(TM) may underperform the S and P 500([R]) Index or any Underlying Index. Even
though the RBS ETNs are listed on the NYSE Arca, a trading market may not
develop and the liquidity of the RBS ETNs may be limited an/or vary over time,
as RBS plc is not required to maintain any listing of the RBS ETNs. The RBS
ETNs are not principal protected and do not pay interest. Any payment on the
RBS ETNs is subject to the ability of the applicable issuer and guarantor to
pay their respective obligations when they become due. You should carefully
consider whether the RBS ETNs are suited to your particular circumstances
before you decide to purchase them. We urge you to consult with your
investment, legal, accounting, tax and other advisors with respect to any
investment in the RBS ETNs.
The RBS ETNs are not suitable for all investors. You should carefully read the
relevant pricing supplement and prospectus, including the more detailed
explanation of the risks involved in any investment in the RBS ETNs as
described in the "Risk Factors" section of the applicable pricing supplement,
before investing.
IMPORTANT INFORMATION: 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.) and RBS
Holdings N.V. (collectively, the RBS Entities) have 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.
(RBSSI) 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).
The RBS US Large Cap Alternator Index[] (USD) ("Index") is the property of RBS
plc (the "Index Sponsor"), which has contracted with S and P Opco, LLC, a
subsidiary of S and P Dow Jones Indices LLC ("S and P Dow Jones Indices") to maintain
and calculate the Index. The S and P
500([R]) Index, S and P 500 Low Volatility Index([R]) and S and P 500([R]) Equal Weight
Index[] (including the total return versions) are the exclusive property of S and P
Dow Jones Indices and have been licensed for use by the Index Sponsor in
connection with the Index. S and P Dow Jones Indices, its affiliates and their
third party licensors shall have no liability for any errors or omissions in
calculating the Index. S and P([R]) is a registered trademark of Standard and Poor's
Financial Services LLC ("SPFS") and Dow Jones([R]) is a registered trademark of
Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been
licensed to S and P Dow Jones Indices. S and P([R]), S and P 500([R]), S and P 500 Low
Volatility Index([R]), S and P 500([R]) Equal Weight Index[] and S and P 500([R]) EWI[]
are trademarks of SPFS and together with the "Calculated by S and P Dow Jones
Indices Custom" and its related stylized mark(s) have been licensed for use by
the Index Sponsor.
NASDAQ([R]), OMX([R]), NASDAQ OMX([R]), NASDAQ-100([R]), NASDAQ-100 Index([R])
and NASDAQ-100([R]) Total Return Index(SM) are registered trademarks and
service marks of The NASDAQ OMX Group, Inc. and are licensed for use by RBS
plc. The RBS NASDAQ-100([R]) Trendpilot(TM) Index is the property of RBS plc.
RBS plc has contracted with The NASDAQ OMX Group, Inc. (which with its
affiliates and subsidiaries is referred to as the "Corporations") to calculate
and maintain the RBS NASDAQ-100([R]) Trendpilot(TM) Index, either directly or
through a third party. Currently, the RBS NASDAQ-100([R]) Trendpilot(TM) Index
is calculated and maintained by Standard and Poor's ("S and P") on behalf of The
NASDAQ OMX Group, Inc. S and P and the Corporations shall have no liability for any
errors or omissions in calculating the Index. The RBS NASDAQ-100([R])
Trendpilot(TM) ETNs, which are based on the RBS NASDAQ-100([R]) Trendpilot(TM)
Index, have not been passed on by the Corporations or S and P as to their legality
or suitability and are not sponsored, endorsed, sold or promoted by the
Corporations or S and P. THE CORPORATIONS AND S and P MAKE NO WARRANTIES AND BEAR NO
LIABILITY WITH RESPECT TO THE RBS NASDAQ-100([R]) TRENDPILOT(TM) ETNs.
Copyright[C] 2012 RBS Securities Inc. All rights reserved. RBS Securities Inc.,
a U.S. registered broker-dealer, member of FINRA and SIPC, is an indirect
wholly-owned subsidiary of The Royal Bank of Scotland plc and an affiliate of
RBS NV.
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