Market Overview

RBS Trendpilot and Alternator Index Update

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STAMFORD, Conn.--(BUSINESS WIRE)--

Due to the market disruptions resulting from Hurricane Sandy, RBS confirms the following regarding if and how index disruption events were applied to the RBS TrendpilotTM Indices and the RBS US Large Cap Alternator Index. RBS consulted with the respective index calculation agents prior to making these decisions.

RBS Oil TrendpilotTM Index

  • On Friday October 26th, the RBS Oil TrendpilotTM Index (the “Index”) had its 5th consecutive negative trend and as a result it was scheduled to switch from the RBS 12 Month Oil Total Return Index to the Cash Rate effective at the open of trading on the second immediate index business day following the 5th consecutive negative trend.
  • Monday October 29th and Tuesday October 30th were DISRUPTED DAYS for the RBS Oil TrendpilotTM Index. On both days, the NYMEX trading floor was closed and NYSE Arca, Inc., the Index Calculation Agent, was unable to publish Index closing levels.
  • Wednesday October 31st will be considered an Index business day in the absence of any additional index disruption events. As a result the RBS Oil TrendpilotTM Index will implement the switch from the RBS 12 Month Oil Total Return Index to the Cash Rate effective at the open of trading on Thursday November 1st in the absence of further index disruption events.

RBS Gold TrendpilotTM Index

  • Monday October 29th and Tuesday October 30th were valid index business days for the RBS Gold TrendpilotTM Index. The LBMA PM Fixing did occur on Monday October 29th and again on Tuesday October 30th. On Monday October 29th, the CME Treasury Bill futures were open for trading from 8:20 am ET to 12pm ET which is over three hours. On Tuesday October 30th, the CME Treasury bill market was open for trading for its normal trading session.

RBS US Large Cap TrendpilotTM Index

RBS US Mid Cap TrendpilotTM Index

RBS NASDAQ-100® TrendpilotTM Index

RBS China TrendpilotTM Index

RBS US Large Cap Alternator Index

  • Monday October 29th and Tuesday October 30th were index disruption days for these indices as US Equity markets were closed on Monday October 29th and Tuesday October 30th.
  • Wednesday October 31st will be considered to be a valid index business day for these indices in the absence of any additional index disruption events.

RBS Markets & International Banking (M&IB)

RBS Markets & International Banking (M&IB) is a leading banking partner to major corporations, financial institutions, government and public sector clients around the world. M&IB provides an extensive range of products and services in debt financing, global markets, risk management, investor products, financial advisory and transaction services. The division focuses on long-term client relationships and excellence in product execution underpinned by global insight, local knowledge and a prudent and sustainable banking model to meet the evolving market and regulatory backdrop. Committed to serving clients' needs internationally, M&IB has on-the-ground operations in 38 countries.

The Royal Bank of Scotland Group (RBS)

The RBS Group is a large international banking and financial services company. Headquartered in Edinburgh, the Group operates in the United Kingdom, Europe, the Middle East, the Americas and Asia, serving over 30 million customers worldwide. The Group provides a wide range of products and services to personal, commercial and large corporate and institutional customers through its two principal subsidiaries, The Royal Bank of Scotland and NatWest, as well as through a number of other well-known brands including Citizens, Charter One, Ulster Bank, Coutts, Direct Line.

The Royal Bank of Scotland plc, The Royal Bank of Scotland N.V., RBS Holdings N.V. and The Royal Bank of Scotland Group plc (collectively, the “RBS Entities”) have fi led registration statements (including prospectuses) 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 fi led by the RBS Entities with the SEC for more complete information about the RBS Entities, and the offering. You may get these documents for free by visiting EDGAR on the SEC's web site at www.sec.gov. Alternatively, the issuer, 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).

RBS conducts its U.S. securities business through RBS Securities Inc., a U.S. registered broker-dealer, member of FINRA (http://www.finra.org) and SIPC (http://www.sipc.org), and an indirect wholly-owned subsidiary of The Royal Bank of Scotland plc. RBS is the marketing name for the securities business of RBS Securities Inc. Copyright © 2012 RBS Securities Inc. All rights reserved.

RBS Securities Inc.
Ed Canaday
Telephone: + 1 203-897-1425
Mobile: + 1 203-595-1349
Public Relations Manager
ed.canaday@rbs.com

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