Product Description
The Canadian Advantage 8 Plus GIC offers the growth
potential of a Canadian diversified equity portfolio all while
ensuring 100% principal protection at maturity. The 8
Reference Shares with the highest price returns are
automatically assigned a 20.00% return, regardless of the
actual price return realized. The remaining 12 Reference
Shares will be assigned their actual price returns.
Note
On March 28, 2014, Loblaw Companies Limited announced that it has completed its acquisition of Shoppers Drug Mart Corporation. As a result of such event, we hereby advise the Holders of the variable-return GIC that, as of April 1, 2014, the common shares of Shoppers Drug Mart Corporation have been replaced by the common shares of Loblaw Companies Limited as a reference share in the reference portfolio of the variable-return GIC in accordance to the terms and conditions of the Information Statement relating to the variable-return GIC. As a result, all calculations in respect of the reference portfolio return that were based on the price of the common shares of Shoppers Drug Mart Corporation will be, from April 1, 2014 until maturity, based on the price of the common shares of Loblaw Companies Limited.