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The US Market Stock-Indexed GIC is a 3-year term, Canadian dollar, investment whose return is based on the performance of the U.S. stock market ( as measured by the S&P 500¹ Index).

Your principal earns a potential return based on the percentage increase, if any, in the closing value of the index during the period that starts two business days after your GIC issue date and that ends two business day prior to the maturity date of your GIC, which is then multiplied by the participation rate. The participation rate is set in advance of each new issue and varies by issue date.

In the event of a drop in the Index over the same period, your initial investment would be returned. The U.S. Market Stock-Indexed GIC is RRSP/RRIF eligible.

How It Works

The term of your Stock-Indexed GIC starts on the issue date. The Stock-Indexed GIC is non-redeemable and non-transferable prior to maturity.

If the closing index value two business days prior to maturity is less than or equal to the closing value two business days after issue, your return is 0%, but your guaranteed principal is returned. Principal and any interest earned are paid at, and not before, maturity.

The S&P 500 Index Explained

The S&P 500 is a widely recognized standard for measuring large-cap US stock market performance. The index is comprised of a representative sample of leading companies in leading industries. Their stock values are tracked daily and reflected in the Index, which provides a barometer of market performance.

Tracking the daily S&P 500 Index value:

• Check the Daily Closing Index Values online.
• By phone - by calling 1-800-387-6507 (outside Toronto) or 416-288-3506 (in Toronto)
• At Scotiabank branches - from your branch representative
• Through publications - in the business section of most major newspapers.

Further Information:

• Check the Starting Index Values of current issues.
• View the Historical Performance of past issues.

Availability

	You can purchase Scotiabank Stock-Indexed GICs: Online with Scotia OnLine At your local Scotiabank Branch OR by phone and for more information, call one of our Personal Investment Advisors at 1-800-953-7441

* Telephone purchasers who have not received a written copy of the Stock-Indexed GIC Terms and Conditions prior to purchase will have the opportunity to rescind their purchase within 48 hours following the earlier of actual or deemed receipt of such Terms and Conditions. Telephone purchasers will have been deemed to have received the Terms and Conditions on: (1) the day recorded as time of sending by the electronic transmission system, if provided by electronic means; (2) on the day recorded as the time of sending by fax machine, if provided by fax; (3) five days after the postmark date, if provided by mail; or (4) when it is received, in any other case.