Product Description
The Reference Portfolio Return is the arithmetic average of the Reference Share Return of the 20 Reference Shares over the period starting on the Issuance Date and ending on the Valuation Date, where each of the eight Reference Shares with the highest price return will be allocated a fixed return of 40.00% for the purpose of such calculation and notwithstanding the actual price return of such Reference Shares. The remaining twelve 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 triggering a substitution event in connection with the reference portfolio of the Deposit Notes as per the terms of the Information Statement relating to the Deposit Notes. As a result of such event, we hereby advise the Holders of the Deposit Notes that, as of April 1, 2014, the common shares of Shoppers Drug Mart Corporation have been replaced by the common shares of Loblaw Companies Limited as a reference share in the reference portfolio of the Deposit Notes in accordance with the terms and conditions of the Information Statement. 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.
Loblaw Companies Limited is a retail and wholesale food distributor with operations across Canada. Loblaw Companies Limited's operations include both company and franchisee operated stores, warehouses, and cash and carry outlets.