Product Description
The North American Precision 10 GIC offers the growth potential of a diversified equity portfolio while ensuring 100% principal protection at maturity. The Variable Interest on the North American Precision 10 GIC is based on the price return of the common shares of 20 North American companies included in the following reference portfolio.
Note
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we hereby advise the Holders of the variable-return GICs that, as of March 24, 2016, the common shares of COS have been replaced by the common shares of Suncor (trading under ticker “SU”) as a Reference Share in the Reference Portfolio of the variable-return GICs in accordance with the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.