Product Description
The NBC Canadian Equity Deposit Notes offers the growth potential of a Canadian diversified equity portfolio all while ensuring 100% principal protection at maturity.
Note
On December 10, 2019, Dream Global Real Estate Investment Trust (TSX: DRG-U) (“Dream Global REIT”) announced the closing of its transaction pursuant to which affiliates of real estate funds managed by The Blackstone Group Inc. acquired all of Dream Global REIT’s subsidiaries and assets. This event triggered 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 such, we hereby advise the Holders of the Deposit Notes that, as of the closing of the markets on December 11, 2019, the common shares of Dream Global REIT have been replaced by the common shares of Dream Industrial Real Estate Investment Trust (TSX: DIR-UN) (“Dream Industrial REIT”) as a Reference Share in the Reference Portfolio of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 prices of the common shares of Dream Global REIT are, from December 12, 2019 until the Maturity Date, based on the prices of the common shares of Dream Industrial REIT.