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Royal Bank of Scotland, 5.75% Non-cumul Dollar Preference Shares Series L ADR
Ticker Symbol: RBS-L*     CUSIP: 780097788     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 9/04/2017

Security has been Called for:  Monday, September 4, 2017

From the RBS news release of 7 August 2017 -- Redemption of USD Preference Shares. (iii) Redemption on 4 September 2017 (the "Series L Preference Shares Redemption Date"), in whole, of the Non-cumulative USD Preference Shares Series L (ADS CUSIP: 780097788; ADS ISIN: US7800977883), amount outstanding US$750,696,925.00 (the "Series L Preference shares") and the corresponding series of American Depositary Shares ("Series L ADSs"), at the redemption price of US$25.00 per Series L Preference Share and per Series L ADS, plus accrued dividends for the current dividend period to, and including, the Series L Preference Shares Redemption Date, which dividend shall equal $0.255556 per Series L Preference Share; ____________ 5/4/2012 -- THE ROYAL BANK OF SCOTLAND GROUP plc. DIVIDEND ON SERIES F, H, AND L-T NON-CUMULATIVE PREFERENCE SHARES OF US$0.01 FOR THE THREE MONTHS TO 30 JUNE 2012. The Directors have declared dividends on the F, H, and L to T Series of non-cumulative preference shares, all of which are represented by American Depositary Shares, for the three months to 30 June 2012. The dividends will be paid on 29 June 2012 at the undernoted rates to holders on the register at the close of business on 14 June 2012. ____________ April 6, 2010 -- The Royal Bank of Scotland Group plc (“RBSG” and, together with its subsidiaries, the “Group”) and National Westminster Bank Public Limited Company (“NatWest” and, together with RBSG announced today that they have launched a tender offer for the outstanding securities of each series listed in the table at the end of this press release issued by RBSG, NatWest and certain of their affiliates. The Tender Offer consists of a separate offer for each series of Securities. The Tender Offer is being made on the terms and subject to the conditions set out in an Offer to Purchase and an accompanying Letter of Transmittal, each dated April 6, 2010. CUSIP: 780097788 ADSs, Series L, representing 5.750% Series L Category II Non-cumulative Dollar Preference Shares, issued by RBSG on June 23, 2003 $16.25 per Security. ____________ October 20, 2009 -- dividend payments on the following non-cumulative preference shares must be stopped if, in the opinion of the directors of RBSG, the distributable profits of RBSG are insufficient to fund such payments or if, in the opinion of the directors of RBSG, the payment of the dividend would breach or cause a breach of the Financial Services Authority's capital adequacy requirements (but may not be stopped absent such circumstances): * RBSG USD 200,000,000 7.65 per cent. non-cumulative dollar preference shares, Series F (US7800978048); * RBSG USD 300,000,000 7.25 per cent. non-cumulative dollar preference shares, Series H (US7800978790); * RBSG USD 850,000,000 5.75 per cent. non-cumulative dollar preference shares, Series L (exchanged from exchangeable capital securities, Series B) (US7800977883); ____________ 10 September 2004 -- On September 30, 2004, The Royal Bank of Scotland Group plc will, in accordance with the terms of the indenture relating to its $850,000,000 principal amount of 5.75% Exchangeable Capital Securities, Series B, exchange each $25 principal amount of X-CAPS, Series B for one Non-cumulative Dollar Preference Share, Series L with a liquidation preference of $25. The Series L Dollar Preference Shares will be in the form of American Depositary Shares evidenced by American Depositary Receipts. Non-cumulative preferential dividends on the Series L Dollar Preference Shares will accrue at the rate of $1.4375 per share annually, payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, commencing December 31, 2004, when, as and if declared by the Company’s board of directors or a committee thereof. The Series L Dollar Preference Shares will be redeemable at the Company’s option at a redemption price of $25 per share, plus the dividends otherwise payable for the then-current quarterly dividend period accrued to the redemption date, beginning after September 30, 2009. Application has been made to list the Series L Dollar Preference Shares on the New York Stock Exchange under the symbol "RBS Pr L".

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Royal Bank of Scotland, 5.75% Non-cumulative Dollar Preference Shares, Series L, liquidation preference US$25 per share, redeemable at the issuer's option on or after 9/30/2009 at US$25 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 5.75%, (US$1.4375) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board. 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. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
Called for

B1 B+
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Go to Parent Company's Record (NWG)

IPO - 6/18/2003 - 34.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: RBS-Y    Changed: 9/30/2004
Market Value $717.0 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.
Main Phone Number Not Available
Fax Number Not Available
Toll Free Phone Number 888-269-2377

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