Product Description
The American Equity Deposit Note offers the growth potential of a American diversified companies portfolio all while ensuring 100% principal protection at maturity.
Note
On February 27, 2017, Enbridge Inc. announced that it completed a merger transaction with Spectra Energy Corp (“Spectra Energy”), a Reference Share in the Reference Portfolio of the Deposit Notes. As a result thereof, the common shares of Spectra Energy were delisted from the New York Stock Exchange, triggering a Substitution Event in connection with the Reference Portfolio of the Deposit Notes as per the terms of the Information Statement of the Deposit Notes. As a result of such event, we hereby advise the Holders of the Deposit Notes that the common shares of Spectra Energy have been replaced by the common shares of Kinder Morgan, Inc. as a Reference Share in the Reference Portfolio of the Deposit Notes in accordance with the terms and conditions of the Information Statement. All calculations in respect of the Reference Portfolio Return that were based on the price of the common shares of Spectra Energy will be, from February 24, 2017 at the close of trading until maturity, based on the price of the common shares of Kinder Morgan, Inc.