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Filed pursuant to Rule 433. Registration Statement Nos. 333-162193 and
333-162193-01.
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www.rbs.com/etnUS or 855.RBS.ETPS (855.727.3877)
Ride the bull, tame the bear with RBS Trendpilot(TM) ETNs
Using a systematic trend following strategy, the RBS US Large Cap Trendpilot(TM)
ETN provides exposure to the SandP 500(R) Total Return Index or yield on
3-Month US Treasury bills using an objective and transparent methodology. The
ETN will provide exposure to:
[] the SandP 500(R) Total Return Index in positive trending markets
[] the yield on 3-month US Treasury bills in negative trending markets.
Call to find out how RBS Trendpilot(TM) ETNs can fit in your clients'
portfolios:
855.RBS.ETPS
FOR BROKER DEALERS/REGISTERED INVESTMENT ADVISORS ONLY.
NOT FOR DISTRIBUTION TO INDIVIDUAL INVESTORS.
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TRND TRNM TBAR
RBS US Large Cap RBS US Mid Cap RBS Gold
Trendpilot(TM) ETN Trendpilot(TM) ETN Trendpilot(TM) ETN
Download: Download: Download:
Pricing Supplement | Factsheet Pricing Supplement | Factsheet Pricing Supplement | Factsheet
Initial Issuance 12/09/10 Initial Issuance 1/28/11 Initial Issuance 2/23/11
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For more information: 855.RBS.ETPS (855.727.3877)
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 Benchmark Index, and is expected to perform poorly in volatile markets.
Liquidity of the market for RBS ETNs may vary over time. The RBS ETNs do not pay
interest. Any payment on the RBS ETNs is subject to the ability of The Royal
Bank of Scotland N.V. (RBS N.V.), as the issuer, and RBS Holdings N.V. (RBS
Holdings), 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.
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IMPORTANT INFORMATION: RBS N.V. and RBS Holdings 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 with the
SEC for more complete information about RBS N.V. and RBS Holdings, 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 N.V., RBS Holdings, 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-ETPS (toll-free).
RBS US Large Cap Trendpilot[TM] Index (USD), RBS US Mid Cap Trendpilot[TM] Index
(USD) TR and the RBS US Gold Trendpilot[TM] Index (USD) (together, the "Indices")
are the property of The Royal Bank of Scotland plc, which has contracted with
Standard and Poor's Financial Services LLC (SandP) to maintain and calculate
each of the Indices. The SandP 500(R) Index and the SandP MidCap 400(R)
Index are the exclusive property of SandP and have been licensed for use by
RBSSI and its affiliates in connection with the RBS US Large Cap Trendpilot[TM]
Index (USD) and RBS US Mid Cap Trendpilot[TM] Index (USD) TR, respectively. SandP
shall have no liability for any errors or omissions in calculating the Indices.
"Standard and Poor's(R)," "SandP(R)," "SandP 500(R)" and "SandP MidCap
400(R)" are the registered trademarks of SandP. "Calculated by SandP Custom
Indices" and its related stylized mark are service marks of SandP and have been
licensed for use by RBSSI and its affiliates. The RBS ETNs are not sponsored,
endorsed, sold or promoted by SandP or its affiliates, and neither SandP nor its
affiliates make any representation regarding the advisability of investing in
the RBS ETNs.
Copyright[C] 2011 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 and an affiliate of
RBS N.V.
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