The Royal Bank of Scotland Group plc | Offering Dates: 09/24/2012 through 10/01/2012 Trade Date: 10/01/2012 Settlement Date: 10/04/2012 Minimum Denomination/Increments: $1,000.00/$1,000.00 Initial trades settle flat and clear SDFS: DTC Book-Entry only DTC Number 2230 via RBS Securities Inc. If the maturity date or an interest payment date for any note is not a business day (as that term is defined in the prospectus supplement), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date. The notes will be treated as fixed rate debt instruments for U.S. federal income tax purposes. Intended to be listed on the Channel Islands Stock Exchange. Davis Polk & Wardwell LLP has confirmed its opinion as to the legality of the notes offered by this pricing supplement as set forth under “Validity of the Notes” in the prospectus supplement dated September 28, 2012, subject to the customary assumptions set forth in the opinion of such counsel dated September 28, 2012 filed as an exhibit to the Registration Statement on Form F-3 filed by the Company on September 28, 2012. | The Royal Bank of Scotland Group plc Retail Corporate Notes Prospectus dated September 28, 2012 and Prospectus Supplement dated September 28, 2012 |
