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RBS Nasdaq 100 Trendpilot Exchange Traded Notes due 12/13/2041
Ticker Symbol: TNDQ* CUSIP: 78009P143 Exchange: NYSEA
* NOTE: This security is no longer trading as of 7/07/2015
Company's Online Profile
BUSINESS: RBS Nasdaq 100 Trendpilot Exchange Traded Notes (ETN) due December 13, 2041 are unsecured and unsubordinated obligations of The Royal Bank of Scotland plc, and are fully and unconditionally guaranteed by The Royal Bank of Scotland Group plc. INVESTMENT OBJECTIVE: The RBS Nasdaq 100 Trendpilot ETNs are designed for investors who seek exposure to the RBS NASDAQ-100 Trendpilot Index. INDEX DESCRIPTION: The RBS NASDAQ-100 Trendpilot™ Index utilizes a systematic trend-following strategy to provide exposure to either the NASDAQ-100 Total Return Index or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills as of the most recent weekly auction (the Cash Rate). The Index is designed to provide exposure to the Index in positive trending markets and exposure to the Cash Rate in negative trending markets using an objective and transparent methodology. If the closing level of the Index is at or above its historical 100-Index business day simple moving average for five consecutive Index a positive trend is established: The Index will track the Index. If the closing level of the Index is below its historical 100-Index business day simple moving average for five consecutive Index business days business days a negative trend is established: The Index will track the Cash Rate. The Index will alternate between tracking the Index and the Cash Rate, depending on the performance of the Index relative to its 100-Index business day simple moving average. RETURNS AND MATURITY: The return on the Securities may be positive or negative and is directly linked to the performance of the Index. The Index provides exposure to either the NASDAQ-100 Total Return Index or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills as of the most recent weekly auction (the Cash Rate), depending on the relative performance of the Index on a simple historical moving average basis. If you hold your ETNs to maturity, December 13, 2041, you will receive a cash payment equal to the daily redemption value per RBS ETN. REDEMPTION AND FEES: You may offer your RBS ETNs to RBS plc for repurchase on any business day on or prior to 12/5/2041, provided that you offer a minimum of 20,000 RBS ETNs for any single repurchase and follow the procedures described in the pricing supplement. The annual investor fee will be equal to (a) 1.00% per annum when the Index is tracking the Index and (b) 0.50% per annum when the Index is tracking the Cash Rate. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: June 22, 2015 -- The Royal Bank of Scotland plc (RBS plc) announced today that it has elected to redeem the thirteen exchange traded notes (the ETNs) on or about July 7, 2015: RBS plc previously disclosed in the related pricing supplement for each ETN its expectation that it would redeem the ETNs. The expected redemption is a consequence of RBS plc's exit of the structured retail investor products business. RBS plc expects to provide notice of redemption to the trustee and to the holders of the ETNs via The Depository Trust Company on June 29, 2015. The daily redemption value of each ETN will be determined on its applicable valuation date. Payment of the daily redemption value of each ETN is expected to be made on the sixth business day following the date of the notice of redemption, which is expected to be July 7, 2015. Accordingly, the last day of trading for each ETN is expected to be July 6, 2015.
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IPO - 12/8/2011 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $4.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: RBS American Headquarters, 600 Washington Boulevard, Stamford, CT 06901 |
| Main Phone Number |
203-897-2700 |
| Fax Number |
Not Available |
| Investor Contact
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855-727-3877
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| Toll Free Phone Number |
855-727-3877 |
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