Filed pursuant to Rule 433
Registration Statement Nos. 333-162193 and 333-162193-01
 

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Let RBS US Large Cap Trendpilot(TM) ETNs steer your investments using a
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The Royal Bank of Scotland N.V. (RBS N.V.) and RBS Holdings N.V. have filed a registration statement (including a
prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offerings of RBS ETNs to which this
communication relates. Before you invest in any RBS ETNs, you should read the prospectus in that registration
statement and other documents that have been filed with the SEC for more complete information about RBS N.V. and
RBS Holdings N.V., and the relevant offerings. You may get these documents for free by visiting EDGAR on the SEC's
web site at www.sec.gov. Alternatively, RBS N.V., RBS Holdings N.V., RBS Securities Inc. or any dealer
participating in the relevant offering will arrange to send you the prospectus, prospectus supplement and the
relevant pricing supplement at no charge if you request it by calling 1-866-747-4332.

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