CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered
Maximum Aggregate Offering Price
Amount of Registration Fee (1)
Notes
$1,692,000.00
$230.79
 
(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933.
 
 
Filed under Rule 424(b)(5), Registration Statement No. 333-184147
Final Pricing Supplement No. 20 dated October 1, 2012 (to: Prospectus dated September 28, 2012 and Prospectus Supplement dated September 28, 2012)
 
 
 
CUSIP / ISIN Number
Aggregate Principal Amount
Price to Public
Selling Commission
Net Proceeds
Coupon Type
Coupon Rate
Coupon Frequency
Maturity Date
1st Coupon Date
1st Coupon Amount
Survivor's Option
Product Ranking
  
 
78012DAV5 /
US78012DAV55
$1,692,000
100.00%
1.50%
$1,666,620
FIXED
2.55%
per annum
MONTHLY
10/15/2017
11/15/2012
$2.90
NO
SENIOR
  
                             
                             
                             
 
Redemption Information: Non-Callable/Non-Puttable
                
                   
 
Lead Manager and Lead Agent: RBS Securities Inc.
                
                             
                             
                             
                             
                             
                             
                             
                             
                             
 
 
 
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