RBS plans 24-month digital buffer securities linked to S&P 500 index

By Susanna Moon

Chicago, Jan. 26 - Royal Bank of Scotland NV plans to price 0% digital buffer securities due Feb. 14, 2013 based on the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus a digital return of 11% if the index gains.

Investors will receive par if the index falls by up to 20% and will be exposed to any decline beyond 20%.

The notes (Cusip 78009KQT2) are expected to price on Feb. 9 and settle on Feb. 14.

RBS Securities Inc. is the lead agent.

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