NatWest preps offering of senior callable fixed-to-fixed reset notes

Chicago, June 8 – NatWest Group plc is in the dollar market with an offering of senior callable fixed-to-fixed reset rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The initial rate will reset at a certain point to a rate that will be based on Treasuries plus a percentage.

The notes may be redeemed at par on a single optional redemption date.

The series will be listed on the New York Stock Exchange.

The bookrunners are NatWest Markets Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC.

Bank of New York Mellon will be the trustee.

NatWest is being advised by Davis Polk & Wardwell London LLP, and CMS Cameron McKenna Nabarro Olswang LLP. Milbank LLP is advising the underwriters.

Proceeds will be used to fund general banking business.

The majority state-owned British banking and insurance holding company is based in Edinburgh.

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