New Issue: RBS prices $284,000 protected market-linked notes tied to SPDR Dow Jones Industrial ETF

By Toni Weeks

San Diego, Aug. 30 - Royal Bank of Scotland plc priced $284,000 of 0% market-linked notes due March 1, 2016 linked to the SPDR Dow Jones Industrial Average exchange-traded fund trust, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the fund. If the fund return is zero or negative, the payout will be par.

RBS Securities Inc. is the agent, and SIP America LLC is the dealer.

Issuer:	Royal Bank of Scotland plc
Issue:	Market-linked notes
Underlying fund:	SPDR Dow Jones Industrial Average ETF Trust
Amount:	$284,000
Maturity:	March 1, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in the fund; par if fund return is zero or negative
Initial value:	$112.70
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agents:	RBS Securities Inc. (agent) and SIP America LLC (dealer)
Fees:	1.25%, including 0.5% for selling concessions
Cusip:	78009PBM2

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