Coupon Amounts will be paid each quarter during the term of the
GICs, and will be equal to the following:
Principal Amount x Coupon Rate x
(Number of Days in the Coupon Period/365) .
The Coupon Rate will be equal to the 3-month BA Rate on the first
day of each quarterly period (the “Coupon Reset Date”), subject to the
specified Minimum Coupon Rate and Maximum Coupon Rate.
The Coupon Rate will be set in advance on the Coupon Reset Date
for each quarterly period, with the first Coupon Reset Date occurring on the
The Coupon Amount will be payable on the last day of each
quarterly period, with the first Coupon Amount being paid on February 6, 2019.
Regardless of the Coupon Amounts paid during the term of the GICs,
you will always receive your Principal Amount at maturity.