Coupon Amounts will be paid on each Coupon Payment Date during the
term of the GICs and will be equal to your Principal Amount multiplied by the
Coupon Rate. You will be entitled to receive the Coupon Amount on each Coupon
Payment Date regardless of the performance of the Asset. The final Coupon
Payment Date will occur on the Maturity Date. It is possible that you will
only receive the Coupon Amounts during the term of the GICs.
Variable Interest, if any, will be paid at maturity and will be
equal to your Principal Amount multiplied by the GIC Return. The GIC Return
will be equal to the Asset Return multiplied by the Participation Rate,
provided that if such number is less than or equal to zero, the GIC Return
will be equal to zero. No Variable
Interest will be payable at maturity unless the GIC Return is positive. If no
Variable Interest is payable, you will still be entitled to receive your
Principal Amount and the final Coupon Amount at maturity.
For GICs linked to an underlying index (an “Index” and collectively,
the “Indices”), the Asset Return will measure the percentage increase or
decrease in the Closing Level of the Index, measured from its Start Level to
its End Level.
For GICs linked to a portfolio of shares (each a “Share” and
collectively, the “Shares”) of the companies described on page 5 of this
Information Statement (each a “Company” and collectively, the “Companies”),
the Asset Return will be equal to the average of the Share Returns. The Share
Return for each Share will measure the percentage increase or decrease in the
Closing Level of each Share, measured from each Start Level to each End Level,
subject to a minimum Share Return of -25.00% for each Share.