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Capital Protected Notes
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investor.products@rbs.com                                            1-866-747-4332
The Market                                                           My Markets
Home Our Products Product Details
Capped Enhanced Participation Note linked to SPX                     Add
78009KQD7

Product is in subscription until 01/06/11 - 01/20/11 (still 13 days)

Product Detail    Underlying Detail   Interactive Chart
Product Facts                   Performance  and  Statistics
Product type    Buffered        Codes
Underlying      S and P 500     CUSIP                 78009KQD7
Currency        USD
Maturity        01/25/13
SecurityBuffer  10.00 %
Participation   200.00 %
Settlement Date 01/25/11

Top 5 Buffered
Digital Buffer linked to     -0.06 %**
the S and P 500
Digital Buffer linked to     -0.07 %**
the S and P 500
Annual Reset Coupon
Securities linked to the     -0.07 %**
S and P 500
Digital Buffer linked to     -0.08 %**
the S and P 500
Digital Buffer linked to     -0.08 %**
the S and P 500
Download Prospectus (610KB)

Please read the relevant prospectus, which contains material terms of the
securities and important risks that you should consider, before investing.

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*If you are an individual investor and would like additional information about
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advisor.

You should consult your financial and tax advisor to determine whether a
structured product is suitable for you and your investment needs and objectives.
You must make your own independent decisions regarding any securities or
financial instruments mentioned herein. You should consider whether an
investment strategy or the purchase or sale of any structured product is
appropriate for you in the light of your particular investment needs,
objectives, risk tolerance, and financial circumstances.

If you are a registered representative or a financial professional and would
like additional information about the offerings above, please contact Private
Investor Products North America at 1-866-PIP-IDEA (1-866-747-4332).

Information on the website regarding the performance of a security or the
underlying or any other financial instrument always relates to the past. Past
performance is not indicative of future results.

SEC Legend

The Royal Bank of Scotland N.V. ("RBS N.V.") and The Royal Bank of Scotland plc
("RBS plc") have each filed a registration statement (including a prospectus)
with the United States Securities and Exchange Commission (the "SEC") for the
offering of securities that are issued by RBS N.V. and guaranteed by RBS
Holdings N.V. or that are issued by RBS plc and guaranteed by The Royal Bank of
Scotland Group plc. Before you invest in any securities referenced on this
website, you should read the prospectus in the relevant registration statement
and other documents that have been filed with the SEC for more complete
information about relevant issuer and guarantor, and their respective offerings.
You may get these documents for free by visiting EDGAR on the SEC's website at
www.sec.gov. Alternatively, RBS N.V., RBS plc, or their affiliates will arrange
to send you the prospectus if you request it by calling toll free 1-(888)
644-2048.

** From close of business yesterday

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