Variable Interest, if any, will be paid at maturity and determined
by multiplying your Principal Amount by the GIC Return. The GIC Return will
be equal to the Participation Rate multiplied by the Portfolio Return, provided
that if such number is less than or equal to zero, the GIC Return will be
equal to zero. The Portfolio Return will be equal to the average of the four
(4) Index Returns. The Index Return for each Index will measure the
percentage increase or decrease in the Closing Level of that Index, measured
from its Closing Level on the Issue Date to its Closing Level on the
Valuation Date. It is possible that no
Variable Interest will be payable at maturity on the GICs. No Variable
Interest will be payable at maturity unless the Portfolio Return is positive.
If no Variable Interest is payable, you will still be entitled to receive
your Principal Amount at maturity.