Filed pursuant to Rule 433 | Registration Statement Nos. 333-184147 and 333-184147-01 RBS Exchange Traded Notes RBS Global Big Pharma ETNs (DRGS) RBS Global Big Pharma Exchange Traded Notes ("RBS ETNs") are unsecured and senior obligations of The Royal Bank of Scotland plc ("RBS plc"), and are fully and unconditionally guaranteed by The Royal Bank of Scotland Group plc ("RBS Group"). Any payments on the RBS ETNs when they become due at maturity or upon early repurchase or redemption are dependent on the ability of RBS plc and RBS Group to pay, and are also subject to market risk. The return on this RBS ETN is based on the performance of the NYSE Arca Equal Weighted Pharmaceutical Total Return Index(SM) (Bloomberg symbol: "DGETR INDEX") (the "Index"). The Index Index Components: The Index comprises stocks and depository receipts of some of the largest companies involved in various phases of development, production and marketing of pharmaceuticals. Equally Weighted: The Index is calculated using an equal-dollar weighting methodology so that each of the component securities in the Index is represented in approximately equal-dollar amounts. The Index component weights are set to equal dollar amounts at each rebalancing. During the quarter, each component's weight changes independently based on the price movements of each respective component stock. In addition, the Index is a total return index, which means that the level of the Index takes into account the cash dividends, if any, paid on the Index components. Quarterly Rebalancing: The Index portfolio is rebalanced every quarter after the close of trading on the third Friday of March, June, September and December. Index Components(2) -- as of 09/30/12 --------------------------------------------------- ------------------------------------------------ ----- ------------------------------- COMPANY WEIGHT (%) TICKER EXCHANGE ---- ---------------------------------------------- ------------------------------------------------ ------------------------------------- 1. Teva Pharmaceutical Industries Limited(1) 6.47 TEVA NASDAQ 2. P[]zer Inc. 6.34 PFE NYSE 3. Shire plc 6.30 SHPG NASDAQ 4. Bristol-Myers Squibb Company 6.28 BMY NYSE 5. Merck and Co., Inc. 6.27 MRK NYSE 6. Valeant Pharmaceuticals International, Inc.(1) 6.26 VRK NYSE 7. AstraZeneca plc(1) 6.25 AZN NYSE 8. Eli Lilly and Company 6.24 LLY NYSE 9. Novartis AG(1) 6.24 NVS NYSE 10. Allergam, Inc. 6.24 AGN NYSE 11. Forest Laboratories, Inc. 6.24 FRX NYSE 12. Novo Nordisk A/S(1) 6.23 NVO NYSE 13. Johnson and Johnson 6.23 JNJ NYSE 14. GlaxoSmithKline plc(1) 6.19 GSK NYSE 15. Abbott Laboratories 6.16 ABT NYSE 16. Sano[] 6.04 SNT NYSE (1) Components are represented in the Index by their depositary receipts traded on U.S. exchanges. (2) Source: Bloomberg. The Index Components and Index Summary present actual historical information on the NYSE Arca Equal Weighted Pharmaceutical Index(SM) (the "Price Return Index"). The only difference between the Index and the Price Return Index is that the level of the Index incorporates the cash dividends paid on the Index components. See also "Certain Key Terms" on the following page. Not FDIC Insured. May Lose Value. RBS ETN Details ------------------------------------------------------------- Issuer The Royal Bank of Scotland plc ---------------- -------------------------------------------- Guarantor The Royal Bank of Scotland Group plc ---------------- -------------------------------------------- Ticker DRGS ---------------- -------------------------------------------- Intraday DRGS.IV Indicative Value Ticker ---------------- -------------------------------------------- Inception Date 10/21/2011 ---------------- -------------------------------------------- CUSIP 78009P135 ---------------- -------------------------------------------- ISIN US78009P1350 ---------------- -------------------------------------------- Primary NYSE Arca Exchange ---------------- -------------------------------------------- Maturity 10/25/2041 ---------------- -------------------------------------------- Index NYSE Equal Weighted Pharmaceutical Total Return Index(SM) (Bloomberg symbol: "DGETR INDEX") ---------------- -------------------------------------------- Annual Investor 0.60% per annum. Fee (accrued on a daily basis) ---------------- -------------------------------------------- Repurchase at You may offer your RBS ETNs your option to RBS plc for repurchase on any business day on or prior to 10/17/2041, provided that you offer a minimum of 20,000 RBS ETNs for any single repurchase and follow the procedures described in the pricing supplement. ---------------- -------------------------------------------- Early We may redeem all of the RBS redemption at ETNs at our discretion at any our option time on or prior to 10/23/2041. ---------------- -------------------------------------------- Daily Upon early repurchase or Redemption redemption or at maturity, you Value will receive a cash payment equal to the daily redemption value per RBS ETN. The daily redemption value on the relevant valuation date will be published on www.rbs.com/etnUS/DRGS*. ---------------- -------------------------------------------- * Information contained on our website is not incorporated by reference in, and should not be considered a part of, this document. Index Summary(2) -- as of 09/30/12 ------------------------------------------------------------- Number of 16 Components ---------------- -------------------------------------------- Average Market Cap $85.05 billion ---------------- -------------------------------------------- P/E Ratio 14.18 ---------------- -------------------------------------------- P/B Ratio 2.97 ---------------- -------------------------------------------- Dividend Yield 2.84% ---------------- -------------------------------------------- To []nd out more Call toll free 855-RBS-ETPS or visit www.rbs.com/etnUS

Historical Performance (%) -- as of 09/30/2012 SINCE RBS ETN YEAR-TO- ANNUALIZED ANNUALIZED ANNUALIZED INCEPTION 3-MONTH (%) DATE (%) 1-YEAR (%) 3-YEAR (%) 5-YEAR (%) (10/21/11) (%) ----------------------------------------------------------------------- ----------- -------- ----------- ----------------------------------------- ----------- --------------------- RBS Global Big Pharma ETN Daily Redemption Value(1) 6.65 12.16 -- -- -- 18.89 NYSE Arca Equal Weighted Pharmaceutical Total Return Index(SM) 6.81 12.67 25.11 12.95 6.13 19.57 NYSE Arca Equal Weighted Pharmaceutical Index(SM) (Price Return Index) 6.37 10.62 22.33 10.19 3.48 17.03 S and P 500([R]) Index (Price Return) 5.76 14.56 27.33 10.87 -1.15 17.79 Source: Bloomberg. The table above presents the actual historical performance of the RBS ETNs, the Index, the NYSE Arca Equal Weighted Pharmaceutical Index(SM) (the "Price Return Index") and the S and P 500([R]) Index (Price Return) over the speci[]ed periods. The only difference between the Index and the Price Return Index is that the level of the Index incorporates the cash dividends paid on the Index components, while the Price Return Index does not. For information regarding the performance of the Index, see pages PS-11 to PS-15 of the pricing supplement of the RBS ETNs []led with the U.S. Securites and Exchange Commisson (SEC). Past performance does not guarantee future results. (1) Includes the deduction of the annual investor fee, which accrues on a daily basis. The annual investor fee will be equal to 0.60% per annum. COUNTRY COMPANIES -------------- --------- United States 8 United Kingdom 3 Switzerland 1 Denmark 1 France 1 Israel 1 Canada 1 Source: Bloomberg. The chart and table above present the country of incorporation of the companies which equity securities comprise the NYSE Arca Equal Weighted Pharmaceutical Index(SM) (the "Price Return Index"). The Index and the Price Return Index have identical components. Historical Dividend Yield -- as of 09/30/2012 --------------------------------------------- ----------------------------------------- DIVIDEND YIELD DIVIDEND YIELD YEAR NYSE PHARMA INDEX (%) S and P 500([R]) INDEX (%) -------------- ------------------------------ ----------------------------------------- 2003 1.69 1.66 2004 1.78 1.63 2005 1.99 2.05 2006 2.04 1.85 2007 2.12 1.78 2008 2.99 2.39 2009 3.33 2.94 2010 3.29 2.10 2011 3.39 1.94 2012 2.84 2.07 Source: Bloomberg. The table above presents the actual historical Dividend Yield calculated based on the cash dividends paid on the component securities of the NYSE Arca Equal Weighted Pharmaceutical Index(SM) (Price Return) and the S and P 500([R]) Index (Price Return) over the prior 12 months ending on the last trading day of March. Unlike total return indices, the levels of price return indices do not incorporate any cash dividends paid on their index components. See "Certain Key Terms" below for the calculation of the Dividend Yield. CERTAIN RISK CONSIDERATIONS: The RBS ETNs involve risks not associated with an investment in conventional debt securities, including a possible loss of some or all of your investment. The level of the Index must increase by an amount suf[]cient to offset the aggregate investor fee applicable to the RBS ETNs in order for you to receive at least the principal amount of your investment back at maturity or upon early repurchase or redemption. The Index comprises securities of a limited number of companies concentrated in the pharmaceuticals industry, and may not be representative of an investment that provides exposure to the pharmaceutical industry as a whole. Even though the RBS ETNs are listed on the NYSE Arca, a trading market may not develop and the liquidity of the RBS ETNs may be limited and/or vary over time, as RBS plc is not required to maintain any listing of the RBS ETNs. The RBS ETNs are not principal protected and do not pay interest. Any payment on the RBS ETNs is subject to the ability of RBS plc, as the issuer, and RBS Group, as the guarantor, to pay their respective obligations when they become due. You should carefully consider whether the RBS ETNs are suited to your particular circumstances before you decide to purchase them. We urge you to consult with your investment, legal, accounting, tax and other advisors with respect to any investment in the RBS ETNs. The RBS ETNs are not suitable for all investors. You should carefully read the relevant pricing supplement and prospectus, including the more detailed explanation of the risks involved in any investment in the RBS ETNs as described in the "Risk Factors" section of the pricing supplement, before investing. CERTAIN KEY TERMS: The P/E Ratio, P/B Ratio and Dividend Yield information are sourced from Bloomberg. P/E Ratio is derived by dividing the closing level of the Price Return Index as of the speci[]ed date by the sum of the trailing 12-month earnings per share of the securities comprising the Price Return Index. P/B Ratio is derived by dividing the closing level of the Price Return Index as of the speci[]ed date by the sum of the book value per share of the securities comprising the Price Return Index as of that date. Dividend Yield means the sum of the gross dividends paid on the securities comprising the Price Return Index over the prior 12 months divided by the closing level of the Price Return Index as of the speci[]ed date; however, unlike the Index (which is a total return index), the level of the Price Return Index does not incorporate cash dividends paid on its components. IMPORTANT INFORMATION: RBS plc and RBS Group have []led a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offering of RBS ETNs to which this communication relates. Before you invest in any RBS ETNs, you should read the prospectus in that registration statement and other documents that have been []led by RBS plc and RBS Group with the SEC for more complete information about RBS plc and RBS Group, and the offering. You may get these documents for free by visiting EDGAR on the SEC's web site at www.sec.gov. Alternatively, RBS plc, RBS Securities Inc. (RBSSI) or any dealer participating in the offering will arrange to send you the prospectus and the pricing supplement at no charge if you request it by calling 1-855-RBS-ETPS (toll-free). The NYSE Arca Equal Weighted Pharmaceutical Index(SM)[]and the NYSE Arca Equal Weighted Pharmaceutical Total Return Index(SM)[]are service marks[]of NYSE Euronext or its af[]liates (NYSE Euronext) and have been licensed for use by The Royal Bank of Scotland plc and RBS Securities, Inc. (Licensees) in connection with[]the RBS ETNS. Neither the Licensees nor the RBS ETNs is sponsored, endorsed, sold or promoted by NYSE Euronext. NYSE Euronext makes no representations or warranties regarding the[]RBS ETNs or the ability of the NYSE Arca Equal Weighted Pharmaceutical Index(SM)[]or the[]NYSE Arca Equal Weighted Pharmaceutical Total Return Index(SM) to track general stock market performance. NYSE EURONEXT MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE NYSE ARCA EQUAL WEIGHTED PHARMACEUTICAL INDEX(SM)[]OR THE NYSE ARCA EQUAL WEIGHTED PHARMACEUTICAL TOTAL RETURN INDEX(SM)[]OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL NYSE EURONEXT HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. Copyright [C] 2012 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. www.rbs.com/etnUS | TOLL FREE: 855-RBS-ETPS | Not FDIC Insured. May Lose Value. Dated October 3, 2012