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.
The week on Risk.net, September 8-14, 2018Receive this by email