Product Description
The Notes offer pre-determined monthly pay 2.10% Fixed Coupons (as defined below) for the first year and monthly pay Floating Coupons (as defined below) for the next 4 years equal to the 1-Month CDOR plus a spread of 0.45% (the “Spread”), subject to a Maximum Floating Coupon of 3.05%. All payments under the Notes will be in Canadian dollars. The Notes are principal-protected at maturity.