Disclaimer
RBS China Trendpilot[TM] Index, RBS US Large Cap Trendpilot[TM] Index (USD), RBS US
Mid Cap Trendpilot[TM] Index (USD) and RBS Gold Trendpilot[TM] Index (USD) are the
property of The Royal Bank of Scotland plc, which has contracted with S & P Opco,
LLC (a subsidiary of S & P Dow Jones Indices LLC) ("S & P Dow Jones Indices") to
maintain and calculate these Trendpilot Indices. The S & P 500([R]) Index and the
S & P MidCap 400([R]) Index are the exclusive property of S & P Dow Jones Indices
and have been licensed for use by RBSSI and its affiliates in connection with
the RBS US Large Cap Trendpilot[TM] Index (USD) and the RBS US Mid Cap
Trendpilot[TM] Index (USD), respectively. S & P Dow Jones Indices shall have no
liability for any errors or omissions in calculating these Trendpilot[TM]
Indices. S & P([R]) is a registered trademark of SPFS Standard & Poor's Financial
Services LLC ("SPFS") and Dow Jones([R]) is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to
S & P Dow Jones Indices. "Standard & Poor's([R])", "S & P([R])", "S & P 500([R])" and
"S & P MidCap 400([R])" are registered trademarks of SPFS and together with the
"Calculated by S & P Dow Jones Indices Custom" and its related stylized mark(s)
have been licensed for use by RBSSI and its affiliates. The RBS China
Trendpilot[TM] ETNs, RBS US Large Cap Trendpilot[TM] ETNs, RBS US Mid Cap
Trendpilot[TM] ETNs and RBS Gold Trendpilot[TM] ETNs are not sponsored, endorsed,
sold or promoted by S & P Dow Jones Indices, SPFS, Dow Jones, their affiliates or
their third party licensors, and neither S & P Dow Jones Indices, SPFS, Dow
Jones, their affiliates or their third party licensors make any representation
regarding the advisability of investing in such RBS ETNs.
NASDAQ ([R]), OMX([R]), NASDAQ OMX([R]), NASDAQ-100([R]), NASDAQ-100
Index([R]) and NASDAQ-100([R]) Total Return Index(SM) are registered
trademarks and service marks of The NASDAQ OMX Group, Inc. and are licensed for
use by RBS plc. The RBS NASDAQ-100([R]) Trendpilot[TM] Index is the property of
RBS plc. RBS plc has contracted with The NASDAQ OMX Group, Inc. (which with its
affiliates and subsidiaries is referred to as the "Corporations") to calculate
and maintain the RBS NASDAQ-100([R]) Trendpilot[TM] Index, either directly or
through a third party. Currently, the RBS NASDAQ-100([R]) Trendpilot[TM] Index
is calculated and maintained by S & P Opco, LLC, a subsidiary of S & P Dow Jones
Indices LLC ("S & P Dow Jones Indices") on behalf of the Corporations. S & P([R])
is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS")
and Dow Jones([R]) is a registered trademark of Dow Jones Trademark Holdings
LLC ("Dow Jones"). These trademarks have been licensed to S & P Dow Jones
Indices. S & P Dow Jones Indices, its affiliates and the Corporations shall have
no liability for any errors or omissions in calculating the RBS NASDAQ
-100([R]) Trendpilot (TM) Index. The RBS NASDAQ-100([R]) Trendpilot[TM] ETNs,
which are based on the RBS NASDAQ-100([R]) Trendpilot[TM] Index, have not been
passed on by the Corporations or S & P Dow Jones Indices as to their legality or
suitability and are not sponsored, endorsed, sold or promoted by the
Corporations or S & P Dow Jones Indices. S & P DOW JONES INDICES, ITS AFFILIATES
AND THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO
THE RBS NASDAQ-100([R]) Trendpilot[TM] ETNs.
RBS Oil Trendpilot[TM] Index (USD) and RBS 12-Month Oil Total Return Index (USD)
are the property of RBS plc and are calculated by NYSE Arca, a wholly-owned
subsidiary of NYSE Euronext. The RBS Oil Trendpilot[TM] ETNs, which track the RBS
Oil Trendpilot[TM] Index (USD) and RBS 12-Month Oil Total Return Index (USD), are
not issued, sponsored, endorsed, sold or promoted by NYSE Arca, and NYSE Arca
makes no representation regarding the advisability of investing in such ETNs.
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 RBS OIL Trendpilot[TM] INDEX (USD) OR RBS 12-MONTH OIL TOTAL
RETURN INDEX (USD) 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.
BNY Mellon is a corporate brand of The Bank of New York Mellon Corporation and
may be used as a generic term to reference the corporation as a whole or its
various subsidiaries. BNY Mellon and BNY Mellon ADR Indices and BNY Mellon DR
Indices are service marks owned by The Bank of New York Mellon Corporation.
This information is provided for general purposes only and is not investment
advice. We provide no advice nor recommendations or endorsement with respect to
any company, security or products based on any index licensed by BNY Mellon,
and we make no representation regarding the advisability of investing in the
same. BNY Mellon's Depositary Receipt business is conducted through BNY Mellon.
BNY Mellon does not guarantee the accuracy, timeliness and/or completeness of
BNY Mellon ADR Indices and BNY Mellon DR Indices, or any associated indices, or
any data included therein, and BNY Mellon shall have no liability for any
errors, omissions, or interruptions therein. BNY Mellon makes no express or
implied warranties, and expressly disclaims all warranties of merchantability
or fitness for a particular purpose or use with respect to BNY Mellon ADR
Indices and BNY Mellon DR Indices or any associated indices, or any data
included therein, or any materials derived from such data. Without limiting any
of the foregoing, in no event shall the company have any liability for any
special, punitive, indirect, or consequential damages (including lost profits),
even if notified of the possibility of such damages. For the full disclaimer
please see the pricing supplement relating to the notes that RBS plc and RBS
Group filed with the SEC.
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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