Filed pursuant to Rule 433. Registration Statement Nos. 333-184147 and
333-184147-01.

RBS Exchange Traded Notes


RBS Rogers Enhanced Precious Metals ETN (RGRP)

ETN Overview:
The RBS Rogers Enhanced Precious Metals Exchange Traded Notes ("RBS ETNs")
track the RICI Enhanced(SM) Precious Metals Total Return Index (the "Index")
which provides exposure to four commodities in the precious metals futures
market, plus the rate of interest that could be earned on cash collateral
invested in Treasury Bills. The Index, designed in cooperation with prominent
stock market and commodities investor Jim Rogers and RBS, attempts to track
price changes for precious metals commodities.

RICI Enhanced(SM) Precious Metals Total Return Index Features

Strategy: The RBS ETNs are designed to provide commodity exposure on the basis
of expected economic global demand. By investing in futures contracts with
varying maturities, the Index seeks to maximize returns when there are
significant price differences between near-dated and future- dated commodity
contracts. This is unlike many commodity-linked investments in the market today
which invest solely in front month contracts. A special rollover calendar
defines specific selection criteria for each commodity contract, including term
structure.

Commodity weightings: The individual commodity weightings are determined on the
basis of the expected economic global demand for each commodity.

Rebalancing: The commodity weightings are reset to their target weights on a
semi-annual basis.

Rules-based: Yes. The Index applies a rollover calendar to select contracts for
each commodity.

Index Committee: Jim Rogers and the Index Committee annually review and adjust,
as necessary, the composition of the Index. The objective of the Index is to
track the price of commodities worldwide.

Determining the rollover calendar for individual commodities

All available futures contracts

Contracts are selected according to the individual rollover calendar for each
commodity.  Rollover based on liquidity and futures curves.
(term structure)

Index Performance and Standard Deviation -- as of 6/30/13

                                                               annualiZed std. deviation
                                         3-montH  YTD   1-YEAR   3-YEAR      1-year
                                           (%)    (%)    (%)       (%)        (%)(2)
---------------------------------------- ------- ------ ------ ---------- --------------
RICI Enhanced(SM) Precious Metals Total
Return Index                             -23.26  -25.21 -19.65    1.83       21.50
SandP GSCI([R]) Precious Metals Total
Return Index                             -24.49  -28.42 -25.06    -1.19      20.97
DBIQ Optimum Yield Precious Metals Total
Return Index[]                           -24.95  -28.89 -25.34    -0.73      21.48


You can not invest directly in an index. The above figures do not take fees
into account.
(1)The Index is a total return version of the RICI Enhanced(SM) Precious Metals
Excess Return Index, which means that the level of the Index incorporates
interest that could have been earned on cash collateral invested in 3-month
U.S. Treasury bills.
(2)Based on daily returns. Standard deviation is a measure of volatility, and
illustrates the extent of variation (whether higher or lower) that exists from
the average given set of results. A low standard deviation indicates that the
results tend to be very close to the average result (a low degree of
volatility). In contrast, a high standard deviation indicates that the results
are spread out over a large range of outcomes (a high degree of volatility).
Because the standard deviation is based on historical data, it may not predict
variability in annualized performance of the RBS ETNs in the future.
Source: RBS


RBS ETN Details
-------------------------------------------------------------
Ticker           RGRP
---------------- --------------------------------------------
Intraday         RGRP.IV
Indicative Value
Ticker
---------------- --------------------------------------------
CUSIP            78009P200
---------------- --------------------------------------------
ISIN             US78009P2002
---------------- --------------------------------------------
Primary          NYSE Arca
Exchange
---------------- --------------------------------------------
Annual Investor  0.95% per annum
Fee
(accrued on a
daily basis)
---------------- --------------------------------------------
Inception Date   10/25/2012
---------------- --------------------------------------------
Maturity         10/29/2042
---------------- --------------------------------------------
Issuer           The Royal Bank of Scotland plc
                 ("RBS plc")
---------------- --------------------------------------------
Guarantor        The Royal Bank of Scotland
                 Group plc ("RBSG")
---------------- --------------------------------------------
Repurchase at    You may offer your RBS ETNs
your option      to RBS plc for repurchase on
                 any business day on or prior to
                 10/21/2042, provided that you
                 offer a minimum of 20,000 RBS
                 ETNs for any single repurchase
                 and follow the procedures
                 described in the pricing
                 supplement.
---------------- --------------------------------------------
Early            We may redeem all of the RBS
redemption at    ETNs at our discretion at any
our option       time on or prior to 10/22/2042.
                 Pursuant to our announced
                 plan to exit the structured retail
                 investor products business, the
                 likelihood that we will redeem
                 the ETNs prior to maturity has
                 increased. See "Recent Devel-
                 opments" on reverse for more
                 information.
---------------- --------------------------------------------
Daily            Upon early repurchase or
Redemption       redemption or at maturity, you
Value            will receive a cash payment
                 equal to the daily redemption
                 value per RBS ETN. The daily
                 redemption value on the relevant
                 valuation date will be published
                 on www.rbs.com/etnus/rgrp*.
---------------- --------------------------------------------
The ETNs         The RBS ETNs are unsecured
                 and senior debt obligations
                 of the Issuer and are fully and
                 unconditionally guaranteed by
                 the Guarantor.
---------------- --------------------------------------------
* Information contained on our website is not incorporated by
reference in, and should not be considered a part of, this[]
document.

To find out more
Call toll free 855-RBS-ETPS or visit www.rbs.com/etnus

Not FDIC Insured. May Lose Value.




 
 
 

 
 
 




Illustration of a $10,000 Investment in Each of the Below-Listed Indices --
10/31/08 - 6/30/13


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
----------------- -------------- --------------
 Gold                  50.00%         49.28%
----------------- -------------- --------------
 Silver                25.00%         22.64%
----------------- -------------- --------------
 Palladium             12.50%         14.30%
----------------- -------------- --------------
 Platinum              12.50%         13.77%
----------------- -------------- --------------
 Total                 100.00%        100.00%
----------------- -------------- --------------

Source: RBS, June 2013

Note: The Index is rebalanced back to its target weightings in April and October.

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.

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         RGRP
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 July 16, 2013