Free Writing Prospectus Filed Pursuant to Rule 433 Dated July 14, 2011 Registration Statement No. 333-159281-03 *ABS NEW ISSUE* $1.5+BN MBART 2011-1 *PRICED* JT LEADS : RBS (str), Citi, SG CO-MGRS : CA, RBC ================================================================================ CL SIZE-mm WAL M/F PWIN E.FIN L.FIN BNCH + SPD %YLD $PX %CPN A1 495.000 0.28 P-1/F1+ 1-8 03/12 07/12 INTL + -5 0.21667 100 0.21667 A2 469.000 1.00 Aaa/AAA 8-17 12/12 11/13 1mL + 11 100 A3 451.000 1.95 Aaa/AAA 17-32 03/14 03/15 EDSF + 23 0.853 99.99712 0.85 A4 132.500 2.88 Aaa/AAA 32-36 07/14 12/17 ISWPS+ 30 1.230 99.98058 1.22 ================================================================================ BILL & DELIVER : RBS AVAILABLE INFO : Red, Ratings FWP, Intex CDI, NetRoadshow EXPECTED SETTLE : July 20, 2011 FIRST INT PMT : August 15, 2011 PRICING SPEED : 1.3% ABS ERISA ELIGIBLE : YES OFFERING TYPE : PUBLIC BBG TICKER : MBART 2011-1 IMPORTANT NOTICE ----------------------------------------------------------------------- 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 <http://www.sec.gov/>. Alternatively, RBS will arrange to send you the base prospectus at no charge if you request it by calling 1-866-884-2071 or emailing offeringmaterials@rbs.com