Cookies: We use cookies to help provide you with the best possible online experience. By using this site, you agree that we may store and access cookies on your device.

Accept | Find out more and set your own preferences here

Search:

RBS China Trendpilot™ ETN
TCHI

Product Detail

The RBS China Trendpilot™ ETNs are designed for investors who seek exposure to the RBS China Trendpilot™ Index (USD) (the “Index”). The Index utilizes a systematic trend-following strategy to provide exposure to either the BNY Mellon China Select ADR Total Return Index℠ (the “Benchmark 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 performance of the Benchmark Index on a simple historical moving average basis. If the closing level of the Benchmark Index is at or above its historical 100-Index business day simple moving average for three consecutive Index business days (i.e., a “positive trend” is established), the Index will track the return on the Benchmark Index, and will have no exposure to the Cash Rate until a negative trend occurs. Conversely, if the closing level of any Benchmark Index is below its historical 100-Index business day simple moving average for three consecutive Index business days (i.e., a “negative trend” is established), the Index will track the Cash Rate instead of the return on the Benchmark Index and will have no exposure to the Benchmark Index until the next positive trend occurs.

Product Facts
Product type	Exchange Traded Note (ETN)
Current RBS Trendpilot Indicator	Benchmark Index
Exchange name	NYSE Arca
Daily Redemption Value	$ 24.3184
Shares Outstanding	420,000
Issue Size (USD 000's)	$ 10,208
Annual Investor Fee when Tracking Cash Rate	0.50 %
Annual Investor Fees	1.10%**
Annual Investor Fee when Tracking Benchmark Index	1.10 %
Inception Date	04/13/12
Maturity	04/18/42
Last Update	5/16/2013 2:00:00 AM

Codes
ISIN	US78009P1509
CUSIP	78009P150
Ticker	TCHI
Underlying	RBS China Trendpilot Index
Intraday Indicative Value Ticker	TCHI.IV

Disclaimer

*If you are an individual investor and would like additional information about the current offerings above, please contact your broker-dealer or financial advisor. You should consult your financial and tax advisor to determine whether a structured product is suitable for you and your investment needs and objectives. You must make your own independent decisions regarding any securities or financial instruments mentioned herein. You should consider whether an investment strategy or the purchase or sale of any structured product is appropriate for you in the light of your particular investment needs, objectives and financial circumstances.

If you are a registered representative or a financial professional and would like additional information about the offerings above, please contact Private Investor Products North America at 866-PIP-IDEA (866-747-4332).

The Royal Bank of Scotland N.V. (“RBS N.V.”) and its affiliates have each filed a registration statement (including a prospectus) with the United States Securities and Exchange Commission (the “SEC”) for the offering of each of the individual securities that are issued by RBS N.V. and guaranteed by RBS Holdings N.V. (“RBS Holdings”) or issued and guaranteed by any affiliates of RBS N.V. Before you invest in any such securities referenced on this website, you should read the prospectus in the relevant registration statement and other documents that have been filed with the SEC for more complete information about RBS N.V. or any of its affiliates, RBS Holdings and the offering of the securities. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, RBS N.V. or any of its affiliates, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free (888) 644-2048.

SEC LEGEND

RISKS

Transactions and securities of the type described in this website may involve a high degree of risk, and the value of such transactions and securities may be highly volatile. Such risks include, without limitation, risk of adverse or unanticipated market developments, risk of issuer default and liquidity. In certain transactions investors may lose their entire investment or incur an unlimited loss. This brief statement does not disclose all of the risks and other significant aspects in connection with transactions and securities of the type described in this website, and you should ensure that you fully understand the terms of any transaction or security, including the relevant risk factors, and any legal, tax and accounting considerations applicable to such transaction or security, prior to transacting or investing. Investors should carefully review “Certain Risk Considerations” on this website and the specific risks contained under the heading “Risk Factors” in the applicable pricing supplement posted on this website as well as under “Risk Factors” in the product or underlying supplement and the prospectus supplement which accompany the pricing supplement. The transactions and securities of the type described in this website are not suitable for all investors. The securities described on this website are not available for sale in all jurisdictions, including those jurisdictions in which an offer or sale of such securities is unlawful. To the extent any offering document or other materials on this website displays a credit rating, that credit rating reflects the creditworthiness of the particular issuer or any guarantor and is not a recommendation to buy, sell or hold securities, and such credit rating may be subject to revision or withdrawal at any time by the assigning rating organization. Each rating should be evaluated independently of any other rating. The creditworthiness of the issuer or any guarantor does not affect or enhance the likely performance of the investment other than the ability of the issuer or any guarantor to meet its obligations.

Certain Risk Considerations

** From close of business yesterday

Download Prospectus (758 KB)

Download Factsheet (163 KB)

“The Annual Investor Fee” accrues on a daily basis.
“Daily Redemption Value” refers to the price per ETN at which The Royal Bank of Scotland plc shall repurchase any ETNs offered by investors for repurchase (provided that at least 20,000 ETNs are offered for repurchase) or shall redeem any ETNs called by it for redemption at its option, in each case, subject to the terms and conditions described in the pricing supplement and prospectus. The amount reflects the Daily Redemption Value at the close of the market on the prior trading day in the United States.
“Shares Outstanding” means to the number of ETN units outstanding at the close of market on the prior trading day in the United States.
“Issue Size (USD 000’s)” means an amount equal to the Daily Redemption Value multiplied by Shares Outstanding.

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 sufficient 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 may underperform the Benchmark Index, and is expected to perform poorly in volatile markets. Liquidity of the market for RBS ETNs may vary over time. The RBS ETNs are not principal protected and do not pay interest. Any payment on the RBS ETNs is subject to the ability of The Royal Bank of Scotland plc (“RBS plc”), as the issuer, and The Royal Bank of Scotland Group plc (“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.

IMPORTANT INFORMATION: RBS plc and RBS Group have filed 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 filed 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 website 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.

BNY Mellon is a corporate brand of The Bank of New York Mellon Corporation and may be used as a generic term to reference the corporation as a whole or its various subsidiaries. BNY Mellon and BNY Mellon ADR Indices and BNY Mellon DR Indices are service marks owned by The Bank of New York Mellon Corporation. This information is provided for general purposes only and is not investment advice. We provide no advice nor recommendations or endorsement with respect to any company, security or products based on any index licensed by BNY Mellon, and we make no representation regarding the advisability of investing in the same. BNY Mellon’s Depositary Receipt business is conducted through BNY Mellon.

BNY Mellon does not guarantee the accuracy, timeliness and/or completeness of BNY Mellon ADR Indices and BNY Mellon DR Indices, or any associated indices, or any data included therein, and BNY Mellon shall have no liability for any errors, omissions, or interruptions therein. BNY Mellon makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to BNY Mellon ADR Indices and BNY Mellon DR Indices or any associated indices, or any data included therein, or any materials derived from such data. Without limiting any of the foregoing, in no event shall the company have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. For the full disclaimer please see the pricing supplement relating to the notes that RBS plc and RBC Group filed with the SEC.

RBS China Trendpilot™ Index is maintained and calculated by Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC. “Dow Jones Indexes” is a service mark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The RBS China Trendpilot™ ETNs are not sponsored, endorsed, sold or promoted by CME Indexes, Dow Jones or their respective affiliates, and CME Indexes, Dow Jones and their respective affiliates make no representation regarding the advisability of investing in the ETNs.

RBS China Trendpilot™ ETNTCHI

Disclaimer

RBS China Trendpilot™ ETN
TCHI