Product Description
The Canadian Advantage 8 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 40% return, regardless of the actual price return
realized. The remaining 12 Reference Shares will be assigned their actual
price returns. The Reference Portfolio Return is then determined on the
basis of the arithmetic average return of the 20 Reference Shares.
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Holders of the variable-return GIC that, as of April 1, 2014, the common shares of Shoppers Drug Mart Corporation have been replaced by the common shares of Loblaw Companies Limited as a reference share in the reference portfolio of the variable-return GIC in accordance to the terms and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.