Prospectus Supplement for Index Linked Notes
calculation experts. The Calculation Agent will not be responsible for its errors or omissions if made in
good faith. See "Description of the Notes - Calculation Agent" and "Description of the Notes - Independent
Calculation Experts" in the Prospectus.
Defined Terms
The following terms have the meanings set out below:
"Adjusted Return Factor" means, in respect of an AR Index, the number of index points, the percentage
amount or other adjustment factor by which the level of the Target Index is adjusted, or as may otherwise
be described in the applicable pricing supplement for the Notes.
"AR Index" means an Index that aims to track the performance of another underlying index, specified as
the "Target Index", subject to a reduction by the Adjusted Return Factor, or as may otherwise be described
in the applicable pricing supplement for the Notes.
"Business Day" means a day, other than a Saturday, or a Sunday or a statutory holiday, on which
commercial banks are open for business in Toronto. If any date on which any action is otherwise required
to be taken in respect of the Notes is not a Business Day, the date on which such action will be taken, except
as otherwise indicated, will be the immediately following Business Day and, if the action involves the
payment of any amount, no interest or other compensation will be paid as a result of such delay.
"Closing Index Level" means, in respect of an Index, the official closing level or value of the applicable
Index on a given day as calculated and announced by the Index Sponsor on an Exchange Business Day,
provided that, if the Index Sponsor materially changes the time of day at which such official closing level
is determined, the Calculation Agent may thereafter deem the Closing Index Level to be the level of that
Index as of the time of day used by such Index Sponsor to determine the official closing level prior to such
change.
"Early Closure" means the closure on any Exchange Business Day of any Exchange or any Related
Exchange prior to its Scheduled Closing Time.
"Exchange" means any exchange or trading system on which the underlying interests of the Index are
traded.
"Exchange Business Day" means any day on which each Exchange and each Related Exchange are
scheduled to be open for trading during their respective regular trading sessions, notwithstanding any
such Exchange or Related Exchange closing prior to its Scheduled Closing Time.
"Final Index Level" means, in respect of an Index, the Closing Index Level as calculated and announced by
the Index Sponsor on the Final Valuation Date.
"Final Valuation Date" will be a date specified in the applicable pricing supplement, provided that if the
Final Valuation Date is not an Exchange Business Day, then the Final Valuation Date will be the
immediately preceding Exchange Business Day.
"Index Return" means, in respect of an Index, an amount, which can be zero, positive or negative, expressed
as a percentage (rounded to two decimal places) calculated by the Calculation Agent in accordance with
the following formula:
-
(Final Index Level Initial Index Level) ÷ Initial Index Level
"Initial Index Level" means, in respect of an Index, the Closing Index Level as calculated and announced
by the Index Sponsor on the Initial Valuation Date.
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