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

Finally, a trend you'll want to follow.

The RBS US Mid Cap Trendpilot([]) ETN provides exposure to the S and P MidCap
400([R]) Total Return Index or the yield on 3-month US Treasury bills using a
systematic strategy. By moving in and out of tracking the S and P MidCap 400([R])
Total Return Index according to an objective and transparent methodology, the
RBS US Mid Cap Trendpilot([]) ETN provides exposure to equities in positive
trending markets, and exposure to 3-month US Treasury bills in negative
trending markets. Now, that's a trend worth following.

The Trend is Your Friend([])

Visit rbs.com/etnUS or call 1-866-747-4332 to learn more.

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IMPORTANT INFORMATION: The Royal Bank of Scotland N.V. (RBS NV) and RBS
Holdings N.V. (RBS Holdings) have []led a registration statement (including a
prospectus) with the US Securities and Exchange Commission (SEC) for the
offering 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 []led with the SEC for more complete information
about RBS NV and RBS Holdings, and the offering. You may get these documents
for free by visiting EDGAR on the SEC's web site at www.sec.gov. Alternatively,
RBS NV, RBS Holdings, RBS Securities Inc. (RBSSI) or any dealer participating
in the relevant offering will arrange to send you the prospectus and the
pricing supplement at no charge if you request it by calling 1-855-RBS-ETPS
(toll-free).