But if the performance of the basket is greater than 50%, the investor will receive the total return of the basket at maturity. In addition, there is the potential for an interim coupon payment of 20% at year three. Irrespective of whether the 20% interim coupon is paid at year three or not, investors can still receive the 50% booster payout at maturity.
The notes are denominated in Canadian dollars and there is no direct foreign currency exposure.
The offer of the note ends on July 20.