The Royal Bank of Scotland plc - Company Announcement

The Royal Bank of Scotland plc - NOTICE OF AMENDMENT TO CONDITIONS OF SECURITIES (DK0030282835)

| Source: Royal Bank of Scotland Royal Bank of Scotland

EUR 2,000,000 CPN linked to hybrid bear Notes (ISIN: DK0030282835)
(the “Securities”)

The Royal Bank of Scotland plc, 250 Bishopsgate, London EC2M 4AA, as Issuer (pursuant to a banking business transfer scheme approved by the Court of Session in Scotland on 23 September 2011) of the above mentioned Securities, hereby gives notice that the existing terms and conditions of the Securities will be replaced by the "Restructured Terms and Conditions" with the consent of 100% of the holders of the Securities. Capitalised terms not defined in this notice shall have the same meaning as in the Restructured Terms and Conditions.

The amendments made to the Securities pursuant to the Restructured Terms and Conditions include, but are not limited to:

  • Maturity Date of the Securities is 31 May 2018;
  • Interest payable on each Interest Payment Date may either be zero or be calculated in relation to the EUR 5year CMS rate depending on if or if not a Barrier Event has occurred on any Monthly Valuation Date prior to and including the relevant Yearly Valuation Date; the Interest Amount payable is capped;
  • Cash Amount payable upon Maturity Date may either be 100% of the Nominal Amount or be calculated in relation to the Euro STOXX 50 Index depending on the Final Reference Price being above or below the Barrier Level;
  • The Securities are not capital protected and do not benefit from any Guarantee;
  • The Barrier Level is set at 50% of the Initial Reference Price; a Barrier Event occurs if, on any Monthly Valuation Date, the Final Reference Price on such date is lower than the Barrier Level; The Barrier Level, the Final Reference Price and the Initial Reference Price relate to the Euro STOXX 50 Index.

The Restructured Terms and Conditions are effective as from the 31 May 2012 (the “Restructuring Date”). As of the Restructuring Date, the Securities shall be renamed: “EUR 2,000,000 Non Capital Protected notes linked to an Index”.

For further information, please contact the Issuer.

 

         The Royal Bank of Scotland plc, 250 Bishopsgate, EC2M 4AA, London, United Kingdom