Notice to Holders: Amendment to correct an error which in the Issuer’s absolute discretion is not materially prejudicial to the interests of the Holders
Dated: 10 December 2013
EUR 5,000,000 5 year Worst Of Phoenix Autocallable Notes linked to BRICA (EUR)
Issue Date: 2 December 2010
The Royal Bank of Scotland plc is the Issuer (the “Issuer”) of the above mentioned Securities (pursuant to a banking business transfer scheme approved by the Court of Session in Scotland on 23 September 2011).
In accordance with its notice obligations under General Condition 4 (Notices), the Issuer hereby gives notice that it has determined to modify the Conditions of the Securities (the “Conditions”) to correct an error which in the Issuer’s absolute discretion is not materially prejudicial to the interests of the Holders, in accordance with General Condition 7 (b) (Modifications) by excluding the final Valuation Date from the issuer call provision.
By virtue of this notice the definition of “Issuer Call Date”, included in the applicable Final Terms of the Securities, shall be deleted and replaced with the following:
“Any Valuation Date, excluding the final Valuation Date, on which the Final Reference Price, on such Valuation Date, is greater than or equal to its Initial Reference Price, as determined by or on behalf of the Calculation Agent”
This notice relates to the Securities and must be read in conjunction with, and is subject to, the relevant Final Terms, the applicable Conditions and the Base Prospectus relating to Notes dated 1 July 2010, as supplemented. In the event of any inconsistency between this notice the Final Terms and the Conditions, this notice will govern.
Capitalised terms not defined in this notice shall have the same meaning given to them in the Conditions.
For further information, please contact the Issuer.