CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered
 
Maximum Aggregate Offering Price
 
Amount of Registration Fee(1)
Retail Corporate Notes
 
$5,622,000
 
$400.85
         
(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933
 
Filed under Rule 424(b)(5), Registration Statement Nos. 333-162219, 333-162219-01
Final Pricing Supplement No. 3 – dated November 22, 2010 (to: Prospectus dated May 18, 2010 and Prospectus Supplement dated September 20, 2010)
CUSIP
Number
Aggregate Principal Amount
Price to
Public
Selling Commission
Net
Proceeds
Coupon
Type
Coupon
Rate
Coupon Frequency
Maturity
Date
1st Coupon Date
1st Coupon Amount
Survivor’s Option
Product Ranking
78011RAC7
$5,622,000
100%
1.80%
$5,520,804
FIXED
 
4.25%
(per annum)
SEMI-ANNUAL
11/15/2018
5/15/2011
$19.95
NO
SENIOR
 
Redemption Information:  Non-Callable/Non-Puttable
 
Lead Manager and Lead Agent:  RBS Securities Inc.
 
 
The Royal Bank of Scotland plc
Offering Dates: 11/15/2010 through 11/22/2010
Trade Date: 11/22/2010 @ 12:00 PM ET
Settlement Date: 11/26/2010
Minimum Denomination/Increments: $1,000.00/$1,000.00
Guaranteed in full by The Royal Bank of Scotland Group plc
Initial trades settle flat and clear SDFS: DTC Book-Entry only
DTC Number 2230 via RBS Securities Inc.
 
If the maturity date or an interest payment date for any note is not a business day (as that term is defined in the prospectus supplement), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date.
 
 
Royal Bank of Scotland plc
Retail Corporate Notes
Prospectus dated May 18, 2010
and Prospectus Supplement dated September 20, 2010