Product Description
The Notes offer pre-determined quarterly Fixed Coupons (as defined below) of 2.00% annually for the first 2 years and quarterly Floating Coupons (as defined below) for the next 3 years equal to the 3-Month CDOR plus a spread of 0.70% (the “Spread”), subject to a maximum of 2.50% annually. All payments under the Notes will be in Canadian dollars. The Notes are principal-protected at maturity.