Product Description
The Notes offer pre-determined quarterly Fixed Coupons (as defined below) of
2.50% annually for the first 2 years and quarterly Floating Coupons (as defined
below) for the next 3 years equal to the 3-Month CDOR Rate plus a spread of
0.60% (the “Spread”), subject to a maximum of 3.25% annually. All payments
under the Notes will be in Canadian dollars. The Notes are principal-protected at
maturity.