Product Description
The Canadian Equity Deposit Note offers the growth potential of a Canadian diversified companies portfolio all while ensuring 100% principal protection at maturity.
Note
Please note that on August 14, 2014, the common shares of Penn West Petroleum Ltd., being part of the initial Reference Portfolio, have been replaced by the common shares of Baytex Energy Corp. As a result, the return of the common shares of Baytex Energy Corp. between the Issuance Date and the Valuation Date will be used to calculate the Reference Portfolio Return.
On March 21, 2016, Suncor Energy Inc. (“Suncor”) and Canadian Oil Sands Limited (“COS”) announced that the acquisition of COS by Suncor has been completed. As a result thereof, the common shares of COS will cease to be traded on the Toronto Stock Exchange. Accordingly, we hereby advise the Holders of the Deposits that, as of March 24, 2016, the common shares of COS have been replaced by the common shares of Suncor (trading under ticker “SU”) as a Reference Asset in the Reference Portfolio of the Deposits in accordance with the terms and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 return of the common shares of COS will be, from March 24, 2016 until maturity, based on the price return of the common shares of Suncor.