New Issue: RBS prices $724,000 Shields protected notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 29 - Royal Bank of Scotland plc priced $724,000 of Shields market-linked notes due July 3, 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.

RBS Securities Inc. is the underwriter.

Issuer:	Royal Bank of Scotland plc
Issue:	Shields market-linked notes
Underlying index:	S&P 500
Amount:	$724,000
Maturity:	July 3, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return, subject to minimum payout of par
Initial index level:	1,249.64
Pricing date:	Dec. 28
Settlement date:	Dec. 30
Underwriter:	RBS Securities Inc.
Fees:	4.2%
Cusip:	78009PCG4

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