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Illustration of a $10,000 Investment in Each of the Below-Listed Indices --
10/31/08-6/30/13
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Returns are for illustrative purposes only and do not represent actual RBS ETN
performance. Index performance returns do not reflect 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 10/31/2008.
Component Commodity Weightings -- as of 6/30/13
Component's Name target weigHts actual WeigHts
----------------- -------------- --------------
Corn 18.42% 18.89%
----------------- -------------- --------------
Soybeans 8.55% 8.64%
----------------- -------------- --------------
Sugar 7.89% 8.30%
----------------- -------------- --------------
Wheat 7.89% 7.51%
----------------- -------------- --------------
Coffee 7.89% 7.02%
----------------- -------------- --------------
Live Cattle 6.58% 6.83%
----------------- -------------- --------------
Lean Hogs 5.26% 5.81%
----------------- -------------- --------------
Cotton 5.26% 5.32%
----------------- -------------- --------------
Soybean Oil 5.26% 5.08%
----------------- -------------- --------------
Kansas City Wheat 5.26% 5.03%
----------------- -------------- --------------
Cocoa 3.95% 4.03%
----------------- -------------- --------------
Soymeal 3.29% 3.86%
----------------- -------------- --------------
Palm Oil 2.63% 2.57%
----------------- -------------- --------------
Rubber 2.63% 2.36%
----------------- -------------- --------------
Coffee Robusta 2.63% 2.33%
----------------- -------------- --------------
Oats 1.32% 1.42%
----------------- -------------- --------------
Minneapolis Wheat 1.32% 1.35%
----------------- -------------- --------------
Rice 1.32% 1.35%
----------------- -------------- --------------
Orange Juice 1.32% 1.23%
----------------- -------------- --------------
Lumber 1.32% 1.06%
----------------- -------------- --------------
Total 100.00% 100.00%
----------------- -------------- --------------
Source: RBS, March 2013
Note: The Index is rebalanced back to its target weightings in April and
October.
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. 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. The intraday indicative value and the daily redemption value are not
the same as the trading price or market price of the RBS ETNs in the secondary
market. 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 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 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).
RECENT DEVELOPMENTS: On June 13, 2013, we announced that we would be exiting the
structured retail investor products business that is responsible for issuing and
maintaining the RBS ETNs, and that we expect to move such business into a runoff
organization which will go through a process of restructuring and / or business
sales (the "RBS Retail Investor Products Exit Plan"). The implementation of the
RBS Retail Investor Products Exit Plan increases the likelihood that the RBS
ETNs will be redeemed by us prior to maturity. We plan to continue to maintain
and issue the RBS ETNs, but our plans could change. We cannot give you any
assurances as to any minimum period of time that you may hold the RBS ETNs
before we redeem them at our option.
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.
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www.rbs.com/etnus | TOLL FREE: 855-RBS-ETPS | Not FDIC Insured. May Lose Value.
Dated July 16, 2013
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