|
|
Historical Performance (%) -- as of 12/31/12
3-MONTH (%)
---------------------------------------------------------------- -----------
RBS China Trendpilot[] ETN Daily Redemption Value(1) 6.61
RBS China Trendpilot(TM) Index 6.90
BNY Mellon China Select Total Return Index(SM) (Benchmark Index) 6.55
Cash rate on 12/31/12 was 0.09% --
YEAR-TO- ANNUALIZED ANNUALIZED SINCE RBS ETN INCEPTION
DATE (%) 1-YEAR (%) 3-YEAR (%) (4/13/12 (%)
-------- ---------- ---------- -----------------------
-- -- -- 1.68
7.28 7.28 -- 2.26
10.11 10.11 0.08 -2.58
-- -- -- --
Source: Bloomberg. The table above presents the actual performance of the Index,
the RBS ETNs and the Benchmark Index over the speci[]ed periods. It is not
possible to invest directly in an index. For more information regarding the
performance of the Index, see pages PS-14 to PS-17 of the pricing supplement to
the RBS ETNs []led with the U.S. Securities and Exchange Commission (SEC). Past
performance does not guarantee future results.
(1)Includes the deduction of the annual investor fee, which accrues on a daily
basis. The annual investor fee will be equal to (i) 1.10% per annum when the
Index is tracking the Benchmark Index, and (ii) 0.50% per annum when the Index
is tracking the Cash Rate.
Top 10 Holdings(2) -- as of 12/31/12
COMPANY (%)
-------------------------------------- ----
China Mobile Ltd. (ADS) 9.77
CNOOC Ltd. (ADS) 7.70
PetroChina Co. Ltd. (ADS) 7.26
Baidu, Inc. (ADS) 6.92
China Life Insurance Co. Ltd. (ADS) 6.77
China Petroleum and Chemical Corp. (ADS) 5.83
China Telecom Corp. Ltd. (ADS) 4.18
China Unicom (Hong Kong) Ltd. (ADS) 3.89
Ctrip.com International (ADS) 3.07
Yanzhou Coal Mining Co. Ltd. (ADS) 3.02
(2)Source: BNY Mellon([R])
(3)Based on standard industry classi[]cations
Sector Weightings(3) -- as of 12/31/12
[GRAPHIC OMITTED]
SECTOR (%)
----------------- -----
Information
Technology 26.26
Energy 23.81
Telecommunication
Services 17.84
Consumer
Discretionary 10.09
Financials 6.77
Industrials 4.35
Health Care 4.11
Materials 3.98
Utilities 2.80
The Benchmark Index includes depositary receipts, which are quoted and traded in
U.S. dollars on The New York Stock Exchange (NYSE), The NYSE Amex and The NASDAQ
Stock Market (NASDAQ). Each depositary receipt generally represents an ownership
interest in shares (or fractions of a share) of an underlying stock that may be
quoted and traded in its local jurisdiction in a foreign currency. Depositary
receipts are included in the Benchmark Index based, among other things, on their
market capitalization and liquidity.
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
suf[]cient 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 Benchmark Index, and is expected to perform poorly in volatile markets. The
RBS ETNs involve risks associated with an investment in emerging markets, as
well as currency exchange risk. 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 plc, as the 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 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 []led 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 []led 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). BNY Mellon is a corporate brand of The Bank of New
York Mellon Corporation and may be used as a generic term to reference the
corporation as a whole or its various subsidiaries. BNY Mellon and BNY Mellon
ADR Indices and BNY Mellon DR Indices are service marks owned by The Bank of New
York Mellon Corporation. This information is provided for general purposes only
and is not investment advice. We provide no advice nor recommendations or
endorsement with respect to any company, security or products based on any index
licensed by BNY Mellon, and we make no representation regarding the advisability
of investing in the same. BNY Mellon's Depositary Receipt business is conducted
through BNY Mellon. BNY Mellon does not guarantee the accuracy, timeliness
and/or completeness of BNY Mellon ADR Indices and BNY Mellon DR Indices, or any
associated indices, or any data included therein, and BNY Mellon shall have no
liability for any errors, omissions, or interruptions therein. BNY Mellon makes
no express or implied warranties, and expressly disclaims all warranties of
merchantability or []tness for a particular purpose or use with respect to BNY
Mellon ADR Indices and BNY Mellon DR Indices or any associated indices, or any
data included therein, or any materials derived from such data. Without limiting
any of the foregoing, in no event shall the company have any liability for any
special, punitive, indirect, or consequential damages (including lost pro[]ts),
even if noti[]ed of the possibility of such damages. For the full disclaimer
please see the pricing supplement relating to the notes that RBS plc and RBS
Group []led with the SEC. RBS China Trendpilot[] Index is maintained and
calculated by SandP Dow Jones Indexes ("SandP Dow Jones Indices") or one of its
af[]liates. 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") The RBS China Trendpilot[] ETNs
are not sponsored, endorsed, sold or promoted by SPFS, Dow Jones, SandP Dow
Jones Indices, their af[]liates or their third party licensors, and SPFS, Dow
Jones, SandP Dow Jones Indices, their af[]liates and their third party licensors
make no representation regarding the availability of investing in the RBS ETNs.
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.
www.rbs.com/etnUS | TOLL FREE: 855-RBS-ETPS | Not FDIC Insured. May Lose Value.
Dated January 15, 2013
|
