Free Writing Prospectus
Filed Pursuant to Rule 433
Dated June 10, 2014
Registration Statement Nos. 333-188672-01 and 333-188672-04
NEW ISSUE ABS: TAOT 2014-B *PRICING DETAILS*
JOINT-LEAD MANAGERS : RBS (struc), BARC, JPM
CO-MANAGERS : LLOYDS, SMBC, SG
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| CLS | NOTE AMT(mm) | OFFER AMT(mm) | WAL | M/S&P | P.WIN | E.FIN | L.FIN | BNCH | SPD | YLD% | CPN% | $PX |
| A2 | 485.000 | 436.500 | 1.00 | Aaa/AAA | 7-18 | 12/15 | 12/16 | EDSF | + 13 | .409 | .40 | 99.99133 |
| A3 | 401.000 | 360.900 | 2.06 | Aaa/AAA | 18-33 | 03/17 | 03/18 | IS | + 16 | .769 | .76 | 99.98413 |
| A4 | 149.500 | 134.550 | 3.16 | Aaa/AAA | 33-42 | 12/17 | 09/19 | IS | + 23 | 1.319 | 1.31 | 99.98335 |
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| EXPECTED SETTLE | : | 06/18/2014 |
| FIRST PMT DATE | : | 07/15/2014 |
| PRICING SPEED | : | 1.30% ABS |
| CLEAN-UP CALL | : | 5% |
| REGISTRATION | : | PUBLIC (SEC REGISTERED) |
| ERISA ELIGIBLE | : | YES |
| MIN DENOMS | : | $1k x $1k |
| BLOOMBERG TICKER | : | TAOT 2014-B |
| BILL & DELIVER | : | RBS |
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The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, RBS Securities Inc. will arrange to send you the base prospectus at no charge if you request it by calling 1-866-884-2071.
