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Illustration of a $100,000 Investment in Each of the Three Underlying Indices --
7/31/2011 - 6/30/2013
SandP 500([R]) Low Volatility Total Return Index (SP5LVIT) SandP 500([R]) Total
Return Index (SPTR) SandP 500([R]) Equal Weight Total Return Index (SPXEWTR)
[GRAPHIC OMITTED]
Historical Performance (%) -- as of 6/30/2013
Since rbs etn
1-month 3-month inception
(%) (%) (8/30/12) (%)
---------------------------------------- ------- ------- --------------
RBS US Large Cap Alternator ETN[] -0.98 -3.28 13.08
RBS US Large Cap Alternator
Index[] -0.90 -3.03 14.00
SandP 500([R]) Total Return Index -1.34 2.91 16.92
SandP 500([R]) Low Volatility Total Return
Index 0.60 0.88 15.28
SandP 500([R]) Equal Weight Total Return
Index -1.08 3.24 23.09
The graph to the left does not reflect the performance of the RBS US Large Cap
Alternator Index[] or the RBS US Large Cap Alternator ETN[]. Index performance
returns do not reflect any fees or transaction costs. You can not invest
directly in an index.
Source for chart and graph: Bloomberg. All indices in the graph to the left are
based to $100,000 as of 7/31/2011.
Rolling Annual Returns from June 2009 to June 2013 (%) -- as of 6/30/2013
inception date 2009
-------------------------------------------------------- -------------- ------
SandP 500([R]) Total Return Index (SPTR) 05/1991 -26.21
SandP 500([R]) Low Volatility Total Return Index (SP5LVIT) 04/2011 --
SandP 500([R]) Equal Weight Total Return Index (SPXEWTR) 01/2003 -23.56
2010 2011 2012 2013
----- ----- ----- -----
14.43 30.69 5.45 20.60
-- -- 14.26 16.51
24.99 36.45 -0.12 26.46
Source: Bloomberg.
Index Statistics -- as of 6/30/2013
SandP 500([R]) Low
Volatility SandP 500([R]) EQual
SandP 500([R]) Total total return Weight total
return indeX indeX return indeX
------------------ ---------------- ------------------
Top 10 Holdings (%) 18.16% 12.57% 2.22%
Median Market
Capitalization $14.70 bn $19.64 bn $14.70 bn
Average Weighted
Market Capitalization $106.18 bn $44.53 bn $30.28 bn
Average Dividend 1.83% 2.84% 1.83%
Yield(1) (%)
Average Price to Earnings(2) 22.73 22.75 22.73
Beta(3) 1.00 0.66 1.08
(1)Dividend Yield means the sum of the gross dividends paid on the stocks
comprising the Index (which is a total return index) over the prior 12 months
ending 6/30/2013 divided by the closing level of the price return version of the
Index as of 6/30/2013.
(2)A valuation of a company's current share price compared to its earnings per
share. Earnings per share is measured on a twelve month trailing basis. (3)A
number describing the volatility of an index in relation to the volatility of
the SandP 500([R]) that is calculated using trailing 12 month weekly returns.
Source: Bloomberg
Sector Weightings Comparison(4) -- as of 6/30/2013
SandP 500([R]) Low
Volatility SandP 500([R]) EQual
SandP 500([R]) Total total return Weight total
return indeX (%) indeX (%) return indeX (%)
------------------ ------ ---------------- ------ ------------------ ------
Info Tech 17.79 Utilities 29.77 Cons Disc. 16.65
Financials 16.66 Cons. Staples 20.23 Financials 16.46
Health Care 12.72 Financials 19.35 Info Tech 14.11
Cons. Disc. 12.21 Health Care 10.01 Industrials 12.12
Energy 10.53 Industrials 8.54 Health Care 10.76
Cons. Staples 10.49 Energy 2.86 Energy 8.53
Industrials 10.16 Info Tech 2.77 Cons. Staples 7.93
Utilities 3.31 Materials 2.70 Utilities 6.23
Materials 3.27 Cons. Disc. 1.97 Materials 5 83
Telecom Telecom Telecom
2.84 1.80 1.38
Services Services Services
Total 100.00 Total 100.00 Total 100.00
(4)Based on standard industry classifications. Source: SandP Dow Jones Indices
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 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 Index may underperform
the SandP 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 and/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 RBS plc, as the issuer, and RBS Group, as the
guarantor, to pay their respective obligations when they become due. The
intraday indicative value and the daily redemption value are not the same as the
trading price or market price of the RBS ETNs in the secondary market. 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 pricing supplement, before investing.
IMPORTANT INFORMATION: RBS plc and RBS Group have filed a registration statement
(including a prospectus) with the U.S. Securities and Exchange Commission (SEC)
for the offering of RBS ETNs to which this communication relates. Before you
invest in any RBS ETNs, 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 Securities Inc. (RBSSI) or
any dealer participating in the offering will arrange to send you the prospectus
and the pricing supplement at no charge if you request it by calling
1-855-RBS-ETPS (toll-free).
RECENT DEVELOPMENTS: On June 13, 2013, we announced that we would be exiting the
structured retail investor products business that is responsible for issuing and
maintaining the RBS ETNs, and that we expect to move such business into a runoff
organization which will go through a process of restructuring and / or business
sales (the "RBS Retail Investor Products Exit Plan"). The implementation of the
RBS Retail Investor Products Exit Plan increases the likelihood that the RBS
ETNs will be redeemed by us prior to maturity. We plan to continue to maintain
and issue the RBS ETNs, but our plans could change. We cannot give you any
assurances as to any minimum period of time that you may hold the RBS ETNs
before we redeem them at our option.
The RBS US Large Cap Alternator Index[] (USD) ("Index") is the property of RBS
plc (the "Index Sponsor"), which has contracted with SandP Opco, LLC, a
subsidiary of SandP Dow Jones Indices LLC ("SandP Dow Jones Indices") to
maintain and calculate the Index. The SandP 500([R]) Index, SandP 500 Low
Volatility Index([R]) and SandP 500([R]) Equal Weight Index[] (including the
total return versions) are the exclusive property of SandP Dow Jones Indices and
have been licensed for use by the Index Sponsor in connection with the Index.
SandP Dow Jones Indices, its affiliates and their third party licensors shall
have no liability for any errors or omissions in
calculating the Index. SandP([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 SandP Dow Jones Indices. SandP([R]), SandP 500([R]), SandP
500 Low Volatility Index([R]), SandP 500([R]) Equal Weight Index[] and SandP
500[R] EWI[] are trademarks of SPFS and together with the "Calculated by SandP
Dow Jones Indices Custom" and its related stylized mark(s) have been licensed
for use by the Index Sponsor.
Copyright [C] 2013 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.
[GRAPHIC OMITTED]
www.rbs.com/etnUS | TOLL FREE: 855-RBS-ETPS | Not FDIC Insured. May Lose Value.
Dated July 10, 2013
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