Every 424B that NATWEST GROUP PLC (RBSPF) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow RBSPF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RBSPF filings page.
NatWest Group plc is offering $1,000,000,000 aggregate principal amount of its 5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2032. The notes are expected to be issued October 16, 2026, and mature October 16, 2032. They pay 5.908% per annum until October 16, 2031; if not redeemed on that date, the rate resets to the applicable U.S. Treasury Rate plus 0.900%. Interest is payable semi-annually beginning April 16, 2027. Net proceeds are expected to be $996,817,400 after the underwriting discount and other expenses, for general banking business.
The notes are unsecured and unsubordinated, ranking pari passu with NatWest’s other such obligations, except obligations preferred by law; they are effectively subordinated to secured indebtedness to the extent of collateral. NatWest may redeem all, but not part, on October 16, 2031, or upon specified tax or loss-absorption events, subject to required prior PRA consent where applicable. Holders agree to UK bail-in powers that can reduce or cancel principal or interest, convert amounts into securities or obligations, or alter maturity or payment terms. Interest-payment defaults have a 14-day grace period and principal-payment defaults a 7-day grace period; acceleration is limited to specified winding-up Events of Default.
NatWest Group plc’s preliminary prospectus supplement describes a dollar-denominated offering of Senior Callable Fixed-to-Fixed Reset Rate Notes. The notes would initially bear a fixed rate, then reset to the applicable U.S. Treasury Rate plus a spread under the note terms; interest is payable semi-annually. They are direct, unsecured and unsubordinated obligations ranking equally with NatWest Group plc’s other unsecured, unsubordinated obligations, except obligations preferred by law. The notes are effectively subordinated to secured debt and structurally subordinated to liabilities of its subsidiaries. Net proceeds are intended to fund general banking business.
NatWest Group plc may redeem the notes, in whole but not in part, at 100% of principal plus accrued unpaid interest on the Optional Redemption Date or following specified tax or loss-absorption events, subject to prior PRA consent where required. Holders consent to UK bail-in powers that may reduce or cancel principal or interest, convert claims into securities or obligations, or change maturity or payment terms, including temporarily suspending payment. Holders also waive set-off rights, and the notes provide limited default remedies. NatWest Group plc intends to apply to list them on the New York Stock Exchange.
NatWest Group plc is offering $1,250,000,000 aggregate principal amount of 4.983% Senior Callable Fixed-to-Fixed Reset Rate Notes due June 18, 2032. The notes pay 4.983% per annum from the Issue Date of June 18, 2026 until the Interest Reset Date of June 18, 2031, then reset to the one-year U.S. Treasury Rate plus 0.800%. Interest is payable semi-annually on June 18 and December 18 beginning December 18, 2026. Issuance price is 100.000% with an underwriting discount of 0.250%, producing net proceeds of $1,246,174,300. The notes are unsecured, rank pari passu with other senior unsecured indebtedness, are subject to UK bail-in powers and may be redeemed in specified circumstances, including on June 18, 2031 at 100%.
NatWest Group plc has filed a preliminary prospectus supplement to register an offering of Fixed-to-Fixed Reset Rate Subordinated Tier 2 Notes due 20. The supplement describes interest reset mechanics tied to a U.S. Treasury Rate plus a spread, subordinated ranking, UK bail-in consent, optional and tax-driven redemption features, PRA consent conditions for redemptions and planned NYSE listing.
The supplement warns investors of structural subordination, limited remedies on default, regulatory and bail-in risks under UK resolution powers, and that proceeds will be used to fund the group’s general banking business.