Filed pursuant to Rule 433.  Registration statement nos. 333-184147 and 333-184147-01.
 
 



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"Commodities are real things that are always likely to be worth something to
somebody" - Jim Rogers RBS Rogers ETNs: Provide exposure on the basis of
expected economic global demand.
Seek to maximize returns when there are significant price differences between
near dated and future dated commodity contracts. Designed to address specific
conditions such as seasonality, liquidity and term structure of each commodity
contract.
The daily redemption value provides a valuation of the ETN on a daily basis
based on the performance of the underlying benchmark, minus the investor fee.

Click here to find The Fundamentals of Investing in Rogers Commodity ETNs

The RBS Rogers 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.

RBS Rogers Enhanced Commodity Index ETN RBS Rogers Enhanced Agriculture ETN

RBS Rogers Enhanced Energy ETN

RBS Rogers Enhanced Precious Metals ETN RBS Rogers Enhanced Industrial Metals
ETN

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 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.

The Royal Bank of Scotland plc (RBS plc), The Royal Bank of Scotland Group plc,
The Royal Bank of Scotland N.V. (RBS N.V.) and RBS Holdings N.V. (collectively,
the RBS Entities) have filed a registration statement (including a prospectus)
with the Securities and Exchange Commission (SEC) for the offering of RBS ETNs
to which this communication may relate. Before you invest in any RBS ETNs, you
should read the relevant prospectus in such registration statement and other
documents that have been filed with the SEC for more complete information about
the relevant RBS Entities and offerings. You may get these documents for free
by visiting EDGAR on the SEC website at www.sec.gov . Alternatively, RBS N.V.,
RBS plc, RBS Securities Inc. or any dealer participating in the relevant
offering will arrange to send you the relevant prospectus and pricing
supplements if you request by calling 1-855-RBS-ETPS (toll-free).

The RBS Rogers Enhanced Commodity ETNs ("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 indices that the RBS Rogers Enhanced Commodity ETNs track are calculated by
NYSE Arca, Inc. ("NYSE Arca"), a wholly-owned subsidiary of NYSE Euronext. The
RBS ETNs, which are based on such indices, are not issued, sponsored, endorsed,
sold or promoted by NYSE Arca, and NYSE Arca makes no representation regarding
the advisability of investing in such products.

 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 INDICES 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.

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