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Client Work

National Bank of Canada issues Skylon Big Five Barrier Return of Capital Note Securities

Fasken
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Overview

Client

National Bank of Canada

On August 26, 2008, CI Investments Inc. announced the launch of Skylon Big Five Barrier Return of Capital Note Securities, Series 1, which offer investors attractive tax-efficient payments and returns linked to the performance of the common shares of the five largest Canadian banks. The principal-at-risk Note Securities, issued by National Bank of Canada, offer a return linked to the common shares of Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank. National Bank of Canada was advised in this matter by Fasken Martineau with a team led by Jean-Pierre Chamberland (securities) and that included, among others, Catherine Isabelle (securities) and Thomas Copeland (tax).

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