TNDQ

RBS Nasdaq 100 Trendpilot ETN

"The RBS NASDAQ-100® Trendpilot™ Exchange Traded Notes (the “ETNs”) (NYSE Arca: “TNDQ”) are designed for investors who seek exposure to the RBS NASDAQ-100® Trendpilot™ Index (USD), an index that utilizes a systematic trend-following strategy to provide exposure to either the NASDAQ-100® Total Return IndexSM or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills as of the most recent weekly auction, depending on the relative performance of the NASDAQ-100® Total Return IndexSM on a simple historical moving average basis. The ETNs do not pay interest, and investors should be willing to lose up to 100% of their investment if the RBS NASDAQ-100® Trendpilot™ Index (USD) declines or does not increase in an amount sufficient to offset the investor fee."
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