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RBS Capital Funding Trust VI, 6.25% Non-cumul Guar Trust Preferred Securities
Ticker Symbol: RBS-I**     CUSIP: 74928M204     Previous CUSIP: 00080V203      Exchange: NYSE
Security Type:   Trust Preferred Security
* NOTE: This security is no longer trading as of 6/13/2016

Security has been Called for:  Monday, June 13, 2016

5/17/2016 -- RBS CAPITAL FUNDING TRUST VI. REDEMPTION/DISTRIBUTION NOTICE. To the Holders of U.S.$200,000,000 6.25% Non-Cumulative Guaranteed Trust Preferred Securities ISIN: US74928M2044* Common Code: 74928M204* IRREVOCABLE NOTICE IS HEREBY GIVEN on the date hereof (the “Redemption Notice Date”) pursuant to Sections 8.03 and 8.04 of the Amended and Restated Trust Agreement of the Trust dated September 30, 2003 (the “Trust Agreement”) that all of the outstanding Trust Preferred Securities issued by the Trust shall be redeemed by the Trust on June 13, 2016 (the “Redemption Date”) at a price equal to U.S.$25.00 per Trust Preferred Security plus an amount equal to accumulated and unpaid Distributions, plus Additional Amounts, if any, or such lesser amount as shall be received by the Trust in respect of the Company Preferred Securities to be redeemed on the Redemption Date. The Redemption Record Date is June 10, 2016. The Trust Preferred Securities will be redeemed in accordance with the terms of Section 8.04 of the Trust Agreement and the applicable procedures of DTC. NOTICE IS HEREBY FURTHER GIVEN that the Trust Preferred Securities shall cease to accrue Distributions or bear interest after the Redemption Date, unless the Redemption Price in respect of the Trust Preferred Securities is improperly withheld or refused and not paid in full on that date, in which case Distributions will continue to accrue pursuant to the terms of the Trust Agreement. ____________ From the form 6-K filed with the SEC on 5/3/2013 -- Future coupons and dividends on RBSG hybrid capital instruments will only be paid subject to, and in accordance with, the terms of the relevant instruments. In addition to previous statements with regard to the payment of hybrid coupons and dividends, the Group is also now in a position to resume the payments on the three Trust Preferred Securities of RBS Holdings N.V: RBS Capital Funding Trust V, RBS Capital Funding Trust VI and RBS Capital Funding Trust VII. ____________ On 26 November 2009, The Royal Bank of Scotland Group plc ("RBSG") entered into a State Aid Commitment Deed with HM Treasury of the United Kingdom government ("HM Treasury") containing commitments and undertakings given by RBSG to HM Treasury that are designed to ensure that HM Treasury is able to comply with the commitments given by it to the European Commission for the purpose of obtaining approval for the State aid provided to RBSG. As part of these commitments, RBSG agreed that RBS Holdings N.V. ("RBSH NV") will not pay investors any coupons on, or exercise any call rights in relation to, the hybrid capital instruments listed in the Schedule hereto (the "Affected Securities"), unless in any such case there is a legal obligation to do so, for an effective period of two years. RBSH NV and its group companies are also subject to restrictions on the exercise of call rights in relation to their other hybrid capital instruments. RBSH NV announces that the start date for the two-year distribution restriction period in relation to the Affected Securities will be 1 April 2011. 5.90% Non-cumulative Guaranteed Trust Preferred Securities of RBS Capital Funding Trust V (formerly ABN AMRO Capital Funding Trust V) (US74928K2087), 6.25% Non-cumulative Guaranteed Trust Preferred Securities of RBS Capital Funding Trust VI (formerly ABN AMRO Capital Funding Trust VI) (US74928M2044), 6.08% Non-cumulative Guaranteed Trust Preferred Securities of RBS Capital Funding Trust VII (formerly ABN AMRO Capital Funding Trust VII) (US74928P2074) ____________ ABN AMRO was acquired by the consortium of Fortis, RBS and Santander in October 2007. ____________ For information on the eligibility of this preferred for the 15% tax rate, see page S-71 of the prospectus under the heading "Taxation of Income from Trust Preferred Securities. ________ In an email from Paula Teeuwen (paula.teeuwens@nl.abnamro.com), the assistant to Richard Brunes of ABN Amro, she indicates that ABN-E, ABN-F & ABN-G are all eligible for the 15% tax rate. Specifically she stated that the preferreds all receive qualified dividend income from a qualified foreign corporation and that their dividends should be reported to the IRS in box 16 of form 1099-DIV. She is also careful to state that they are not providing tax advice.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  RBS Capital Funding Trust VI, formerly ABN AMRO Capital Funding Trust VI, 6.25% Non-cumulative Guaranteed Trust Preferred Securities, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/30/2008 at $25 per share plus plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 6.25% ($1.5625) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). Dividends paid by these preference shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders. The trust's assets consist of the 6.25% ABN AMRO Capital Funding LLC VI perpetual noncumulative preferred securities whose sole asset will be intercompany securities from the bank which were purchased from the bank using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
6.25%
$1.5625
$25.00
$25.00
Called for
6/13/2016

None
B1 BB-
3/24/2016
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (NWG)

IPO - 9/29/2003 - 8.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: ABN-F    Changed: 10/01/2009
Previous Name: ABN Amro Capital Funding Trust VI, 6.25% Noncumul Guar Trust Preferred Sec    Changed: 9/30/2009
Market Value $200.0 Million

Company's Online Information Links
HOME PAGE:     http://www.rbs.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address investor.relations@rbs.com
Printed Material Request Form on Website Go to Email Form

Foreign Address and Phone Numbers
Address:   42 St Andrew Square, Edinburgh EH2 2YE, Scotland, United Kingdom
Main Phone Number +44-131-556-8555
Fax Number +44-131-626-3081
Inv Rel Phone Number +44 207 672 1758

Address and Phone Numbers
U.S. Representative N.A.
Address:   
Main Phone Number Not Available
Fax Number Not Available
Toll Free Phone Number 888-269-2377

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