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the Holders of the Deposit Notes that, as of April 1, 2014, the common shares of Shoppers Drug Mart Corporation have been replaced by the common shares of The Jean Coutu Group (PJC) Inc., being the Class "A" Subordinate Voting Shares in the reference portfolio of the Deposit Notes in accordance with the terms and conditions the Information Statement. As a result, all calculations in respect of the return of the reference portfolio 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 Class "A" Subordinate Voting Shares of The Jean Coutu Group (PJC) Inc.
The Jean Coutu Group (PJC) Inc. distributes and retails pharmaceutical and parapharmaceutical products in North America. The Company operates PJC clinics and drugstores, primarily in the New England states in the United States.