HOW TO BUY aND SELL
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Repurchase at your option
You may offer your Notes to RBS plc for repurchase on any business day on or
prior to , 2041, provided that you offer a minimum of 10,000 Notes for any
single repurchase and follow the procedures described in the pricing
supplement.
Early redemption at our option
We may redeem all of the Notes at our discretion at any time on or prior
to , 2041.
Daily Redemption Value
Upon early repurchase or redemption or at maturity, you will receive a cash
payment equal to the daily redemption value per Note. The daily redemption
value on the relevant valuation date is expected to be published on an RBS
website*.
Secondary Market
The Notes are not listed on any securities exchange. Other than pursuant to the
early repurchase and redemption rights described above, we will not purchase
Notes in the secondary market. There is currently no secondary market for the
Notes.
SECTOR aND HOLDINGS BREakDOwN (07/06/11)
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(1) Based on standard industry classifications (2) Source: BNY Mellon[R]
The four BNY Mellon([R]) indices that comprise the RBS BRIC Trendpilot[TM] Index
are composed of depositary receipts, which are generally quoted and traded in
U.S. dollars on The New York Stock Exchange (NYSE), The NYSE Amex, NASDAQ Stock
Market (NASDAQ) or the London Stock Exchange, either in American (ADR) or
global (GDR) form. Each depositary receipt generally represents an ownership
interest in shares (or fractions of a share) of an underlying stock that is
quoted and traded in its local jurisdiction (specifically, Brazil, Russia,
India and China) in a foreign currency (specifically, the Brazilian real, the
Russian ruble, the Indian rupee and the Chinese renminbi, as the case may be).
Depositary receipts are included in the four Benchmark Indices based, among
other things, on their market capitalization and liquidity.
CERTAIN RISK CONSIDERATIONS: The Notes 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 Index must increase by an amount
sufficient to offset the aggregate investor fee applicable to the Notes in
order for you to receive at least the principal amount of your investment back
at maturity or upon early repurchase or redemption. The Index may underperform
any or all of the Benchmark Indices, and is expected to perform poorly in
volatile markets. The Notes involve risks associated with an investment in the
emerging markets, as well as currency exchange risk. There is currently no
secondary market for the Notes. The Notes do not pay interest. Any payment on
the Notes is subject to the ability of RBS plc, as the issuer, and RBS Group,
as the guarantor, to pay their respective obligations when they become due. You
should carefully consider whether the Notes 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 Notes.
The Notes 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 Notes as described
in the "Risk Factors" section of the pricing supplement, before investing.
IMPORTaNT INFORMATION: The Royal Bank of Scotland plc (RBS plc) and The Royal
Bank of Scotland Group plc (RBS Group) have filed a registration statement
(including a prospectus) with the U.S. Securities and Exchange Commission (SEC)
for the offering of Notes to which this communication relates. Before you
invest in any Notes, you should read the prospectus in that registration
statement and other documents that have been filed by RBS plc and RBS Group
with the SEC for more complete information about RBS plc and RBS Group, and the
offering. You may get these documents for free by visiting EDGAR on the SEC's
web site at www.sec.gov. Alternatively, RBS plc, RBS Group, RBS Securities Inc.
(RBSSI) or any dealer participating in the relevant offering will arrange to
send you the prospectus and the pricing supplement at no charge if you request
it by calling 1-855-RBS-3877 (toll-free). RBS BRIC Trendpilot[TM] Index (USD) is
the property of RBS plc.
BNY Mellon([R]), BNY Mellon Brazil ADR Index(SM), BNY Mellon Russia Select ADR
Index(SM), BNY Mellon India Select ADR Index(SM) and BNY Mellon China Select
ADR Index(SM) ("BNYM Licensor Index Marks") are service marks of The Bank of
New York Mellon Corporation or any of its subsidiaries, affiliates or group
companies ("BNY Mellon") and have been licensed for use for certain purposes by
RBS plc and RBSSI. Products based on the BNYM Licensor Index Marks named above
are not sponsored, endorsed, sold, recommended or promoted by BNY Mellon([R]),
and BNY Mellon([R]) does not make any representation or warranty, express or
implied, to the purchasers or owners of the products or any member of the
public regarding the advisability of investing in financial products generally
or in these products particularly, the ability of the indexes named above to
track market performance or the suitability or appropriateness of the products
for such purchasers, owners or such member of the public. For a further
description of the license agreement between us, RBSSI and BNY Mellon([R])
(including certain disclaimers by BNY Mellon([R])), see the pricing supplement
relating to the Notes that RBS plc and RBS Group filed with the SEC.
RBS BRIC Trendpilot[TM] Index is maintained and calculated by Dow Jones Indexes,
the marketing name and a licensed trademark of CME Group Index Services LLC.
"Dow Jones Indexes" is a service mark of Dow Jones Trademark Holdings LLC ("Dow
Jones"). The RBS BRIC Trendpilot[TM] Notes are not sponsored, endorsed, sold or
promoted by CME Indexes, Dow Jones or their respective affiliates, and CME
Indexes, Dow Jones and their respective affiliates make no representation
regarding the advisability of investing in the Notes.
Copyright[C] 2011 RBS Securities Inc.All rights reserved. RBS Securities Inc., a
U.S. registered broker-dealer, member of FINRAand SIPC, is an indirect
wholly-owned subsidiary of The Royal Bank of Scotland plc. Dated July 13, 2011
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TOLL FREE: 855-RBS-3877 page 2 of 2
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