UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934

December 4, 2012

The Royal Bank of Scotland Group plc

RBS Gogarburn
PO Box 1000
Edinburgh  EH12 1HQ
United Kingdom
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F   ☒
Form 40-F   ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):   ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes   ☐
No   ☒

If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-            

This report on Form 6-K shall be deemed incorporated by reference into the company’s Registration Statement on Form F-3 (File No. 333-184147) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.
 
 
 
 
 

Index of Exhibits

Exhibit No.
  
Description
1.1
  
Underwriting Agreement between The Royal Bank of Scotland Group plc and RBS Securities Inc. dated as of November 27, 2012.
     
1.2
  
Pricing Agreement between The Royal Bank of Scotland Group plc and RBS Securities Inc. dated as of November 27, 2012.
     
4.1
  
Subordinated Debt Securities Indenture between The Royal Bank of Scotland Group plc and The Bank of New York Mellon dated as of December 4, 2012.
     
4.2
  
First Supplemental Indenture between The Royal Bank of Scotland Group plc and The Bank of New York Mellon dated as of December 4, 2012.
     
4.3
  
Form of Global Note for the 6.125% Subordinated Tier 2 Notes due 2022 (included in Exhibit 4.2 hereof).
     
5.1
  
Opinion of Dundas & Wilson CS LLP, Scottish legal advisors to The Royal Bank of Scotland Group plc as to the validity of the Subordinated Debt Securities of The Royal Bank of Scotland Group plc, to be issued on December 4, 2012, as to certain matters of Scots law.
     
5.2
  
Opinion of Davis Polk & Wardwell London LLP, U.S. legal advisors to The Royal Bank of Scotland Group plc as to the validity of the Subordinated Debt Securities of The Royal Bank of Scotland Group plc, to be issued on December 4, 2012, as to certain matters of New York law.
 
 
 
2
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly authorized.



 
 The Royal Bank of Scotland Group plc
(Registrant)
  
       
       
       
Date:  December 4, 2012
By:
/s/ Angela McEntee
  
 
Name:
Angela McEntee
  
 
Title:
Assistant Secretary