RBS to price capped market-linked protected notes tied to S&P 500

By Marisa Wong

Madison, Wis., Oct. 21 - Royal Bank of Scotland plc plans to price 0% capped market-linked notes due May 2, 2017 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum payout of $1,510 to $1,610 per $1,000 principal amount of notes. The exact cap will be set at pricing.

The notes (Cusip: 78009PBZ3) are expected to price Oct. 27 and settle Oct. 31.

RBS Securities Inc. is the underwriter.

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