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Illustration of a $10,000 Investment in Each of the Below-Listed Indices --
10/31/07-12/31/12
[GRAPHIC OMITTED]
Returns are for illustrative purposes only and do not represent actual RBS ETN
performance. Index performance returns do not re[]ect any annual investor fee or
transaction cost. Past performance is not indicative of future results. You can
not invest directly in any index. Source: Bloomberg. All indices are based to
$10,000 as of 10/31/2007.
Top 10 Sub-Index Holdings -- as of 12/31/12
TARGET ACTUAL
WEIGHTS WEIGHTS
COMPANY (%) (%)
------------- ------- -------
Crude Oil 13.00 13.43
Brent Crude 10.00 10.32
Corn 7.00 6.83
Natural Gas 7.00 6.61
RBOB Gasoline 4.00 4.16
Aluminum 4.00 4.03
Copper 4.00 3.99
Heating Oil 4.00 3.98
Gold 4.00 3.88
Sugar 3.00 3.09
The Index is rebalanced back to its target weightings in April and November.
Sector Commodity Weightings -- as of 12/31/12
RICI Enhanced(SM) Commodity Total Return Index Sector Weightings
[GRAPHIC OMITTED]
36.67% Agriculture 42.48% Energy 13.13% Industrial Metals 7.69% Precious Metals
SandP GSCI([R]) Total Return Index Sector Weightings
[GRAPHIC OMITTED]
20.52% Agriculture 68.96% Energy 6.93% Industrial Metals 3.58% Precious Metals
DBIQ Optimum Yield Commodity Total Return Index[] Sector Weightings
[GRAPHIC OMITTED]
21.35% Agriculture 56.08% Energy 13.05% Industrial Metals 9.52% Precious Metals
Source: RBS, Bloomberg, Deutsche Bank, December 2012 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 RBS ETNs and the Index do not provide
exposure to spot prices of the relevant commodities and, consequently, may not
be representative of an investment that provides exposure to the spot prices of
the relevant commodities or buying and holding the relevant commodities. The
prices of commodities are volatile and are affected by numerous factors. The
Index may include futures contracts on non-U.S. exchanges and trading on such
exchanges may be subject to different and greater risks than trading on U.S.
exchanges. 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, 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: RBS plc and 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).
The RBS ETNs are not sponsored, endorsed, sold or promoted by Beeland Interests
Inc. ("Beeland Interests"), James B. Rogers, Jr. or Diapason Commodities
Management SA ("Diapason").[] Neither Beeland Interests, James B. Rogers, Jr.
nor Diapason makes any representation or warranty, express or implied, nor
accepts any responsibility, regarding the accuracy or completeness of this
document, or the advisability of investing in securities or commodities
generally, or in the RBS ETNs or in futures particularly. "Jim Rogers", "James
Beeland Rogers, Jr.", "Rogers", "Rogers International Commodity Index", "RICI",
"RICI Enhanced", and the names of all other RICI Enhanced(SM) Indices mentioned
herein are trademarks, service marks and/or registered marks of Beeland
Interests, Inc., which is owned and controlled by James Beeland Rogers, Jr., and
are used subject to license.[] The personal names and likeness of Jim
Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers,
Jr.
NEITHER BEELAND INTERESTS NOR DIAPASON, NOR ANY OF THEIR RESPECTIVE AFFILIATES
OR AGENTS, GUARANTEES THE ACCURACY AND/OR THE COMPLETENESS OF THE ROGERS
INTERNATIONAL COMMODITY INDEX ("RICI"), THE RICI ENHANCED, ANY SUB-INDEX
THEREOF, OR ANY DATA INCLUDED THEREIN.[] SUCH PERSON SHALL NOT HAVE ANY
LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN AND MAKES NO
WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY OWNERS OF THE RBS
ETNS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE RICI, THE RICI ENHANCED,
ANY SUB-INDEX THEREOF, ANY DATA INCLUDED THEREIN OR THE RBS ETNS.[] NEITHER
BEELAND INTERESTS NOR DIAPASON, NOR ANY OF THEIR RESPECTIVE AFFILIATES OR
AGENTS, MAKES ANY EXPRESS OR IMPLIED WARRANTIES, AND EACH EXPRESSLY DISCLAIMS
ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE
WITH RESPECT TO THE RICI, THE RICI ENHANCED, ANY SUB INDEX THEREOF, OR ANY DATA
INCLUDED THEREIN.[] WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL
BEELAND INTERESTS, DIAPASON OR ANY OF THEIR RESPECTIVE AFFILIATES OR AGENTS HAVE
ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL, OR
CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.
NEITHER THE INDICATION THAT SECURITIES OR OTHER FINANCIAL PRODUCTS OFFERED
HEREIN ARE BASED ON DATA PROVIDED BY ICE DATA LLP, NOR THE USE OF THE TRADEMARKS
OF ICE DATA LLP IN CONNECTION WITH SECURITIES OR OTHER FINANCIAL PRODUCTS
DERIVED FROM SUCH DATA IN ANY WAY SUGGESTS OR IMPLIES A REPRESENTATION OR
OPINION BY ICE DATA OR ANY OF ITS AFFILIATES AS TO THE ATTRACTIVENESS OF
INVESTMENT IN ANY SECURITIES OR OTHER FINANCIAL PRODUCTS BASED UPON OR DERIVED
FROM SUCH DATA. ICE DATA IS NOT THE ISSUER OF ANY SUCH SECURITIES OR OTHER
FINANCIAL PRODUCTS AND MAKES NO EXPRESS OR IMPLIED WARRANTIES WHATSOEVER,
INCLUDING BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY
PARTICULAR PURPOSE WITH RESPECT TO SUCH DATA INCLUDED OR REFLECTED THEREIN, NOR
AS TO RESULTS TO BE OBTAINED BY ANY PERSON OR ANY ENTITY FROM THE USE OF THE
DATA INCLUDED OR REFLECTED THEREIN. The Index is calculated by NYSE Arca, Inc.
("NYSE Arca"), a wholly-owned subsidiary of NYSE Euronext. The RBS ETNs, which
are based on the Index, are not issued, sponsored, endorsed, sold or promoted by
NYSE Arca, and NYSE Arca makes no representation regarding the advisability of
investing in such product. NYSE ARCA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND
HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. IN NO
EVENT SHALL NYSE ARCA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR
CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES. 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 16, 2013
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