Product Description
The Deposits aim to provide you with a return at maturity linked to the performance of a
Reference Portfolio composed of the units of the iShares® Core S&P 500 Index ETF (CAD-Hedged),
the units of the BMO MSCI EAFE Hedged to CAD Index ETF (together, the "Reference Funds"), the
S&P/TSX Composite Low Volatility Index and the EURO STOXX 50® Index (together, the "Reference
Indexes").
Note
On January 24, 2020, Encana Corporation (TSX: ECA) (“Encana”) announced the completion of its reorganization, including the company rebranding under the name Ovintiv Inc. and the establishment of its corporate domicile in the United-States (NYSE: OVV). This event triggered a Substitution Event in connection with the Reference Portfolio of the Deposit Notes as per the terms and conditions of the Information Statement relating to the Deposit Notes. As such, we hereby advise the Holders of the Deposit Notes that, as of the closing of the markets on January 24, 2020, the common shares of Encana have been replaced by the common shares of Tourmaline Oil Corp. (TSX: TOU) 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 Encana are, from this date until maturity, based on the price of the common shares of Tourmaline Oil Corp.