SCOTIAMCLEOD LAUNCHES GUARANTEED GIC
By Adnews Staff
Toronto-based ScotiaMcLeod unveiled a new product that guarantees clients' investments, while allowing them to profit from a charging Toronto 35 Index. Called the Toronto 35 Index Bull Note, the new issue gains in value as the Toronto 35 climbs, up to a maximum increase of 90%. If the index falls, investors still get their original investment back. The notes are RRSP-eligible. The index start will be based on the market close on Feb. 11. The notes mature on Feb. 12, 2001. National print ads for the bull notes appeared earlier this week. They were handled by McManus Elliott Communications Inc. of Toronto.
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