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How are the Opening Levels calculated?
The Opening Level ("OL") is equal to the closing level of the applicable index two-business days after issue date. If the applicable exchange for a non-Canadian index is not open for trading on the second business day after issue date, the next succeeding day on which the non-Canadian exchange is open for trading will be used for the purpose of determining the OL of that particular index.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.