Prospectus Supplement for Index Linked Notes
"Market Disruption Event" means, in respect of an Index, the occurrence or existence of any bona fide event,
circumstance or cause (whether or not reasonably foreseeable) beyond the reasonable control of the Bank
or any person that does not deal at arm's length with the Bank which has or will have a material adverse
effect on the ability of market participants generally to acquire, establish, re-establish, substitute, maintain
unwind, modify or dispose of hedges of positions in respect to such Index. A Market Disruption Event in
respect of an Index may include, without limitation, any of the following events:
(a) any failure of trading to commence, or the permanent discontinuance of trading, or any
suspension of or limitation imposed on trading by any relevant Exchange or Related Exchange
or otherwise and whether by reason of movements in price exceeding limits permitted by any
relevant Exchange or Related Exchange or otherwise (i) relating to underlying interests that
comprise 20% or more of the Index, or (ii) in futures or options contracts relating to the Index on
any relevant Related Exchange;
(b) the failure of the Index Sponsor to announce or publish the Index (or the information necessary
for determining the Closing Index Level), or the temporary or permanent discontinuance or
unavailability of the Index Sponsor;
(c) an Early Closure unless such Early Closure is announced by such relevant Exchange or Related
Exchange at least one hour prior to the earlier of (i) the actual closing time for the regular trading
session on such Exchange or Related Exchange on such Exchange Business Day and (ii) the
submission deadline for orders to be entered into the Exchange or Related Exchange system for
execution at the Scheduled Closing Time on such Exchange Business Day;
(d) any event (other than an Early Closure) that disrupts or impairs (as determined by the Calculation
Agent) the ability of market participants in general (i) to effect transactions in, or obtain market
values for underlying interests that comprise 20% or more of the value of the Index, or (ii) to effect
transactions in, or obtain market values for, futures or options contracts relating to the Index on
any relevant Related Exchange;
(e) the failure on any Exchange Business Day of any relevant Exchange or relevant Related Exchange
to open
for trading during its regular trading session;
(f)
the adoption, change, enactment, publication, decree or other promulgation of any statute,
regulation, rule or notice, howsoever described, or any order of any court or other governmental
or regulatory authority, or any issuance of any directive or promulgation of, or any change in the
interpretation, whether formal or informal, by any court, tribunal, regulatory authority or similar
administrative or judicial body of any law, order, regulation, decree or notice, howsoever
described or any other event that makes or would make it unlawful, impracticable or
disadvantageous for the Bank to perform its obligations under the Notes or for dealers to
generally acquire, place, establish, re-establish, substitute, maintain, modify or unwind or
dispose of any hedge transaction in respect of the Index or to realize, recover or remit the
proceeds of any such hedge transaction in respect of the Index or has or would have a material
and adverse effect on the economy or the trading of securities generally on any relevant Exchange
or Related Exchange;
(g) the taking of any action by any governmental, administrative, legislative or judicial authority or
power of any country, or any political subdivision thereof, which has a material adverse effect on
the financial markets of Canada or the U.S. or the country in which any relevant Exchange or
relevant Related Exchange is located;
(h) any outbreak or escalation of hostilities or other national or international calamity or crisis
(including, without limitation, natural calamities) that has or would have a material adverse
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