Performance
Index-Linked Term Deposits are fixed term deposits that pay a return based on the performance of the S&P/TSX 60 Index. This term deposit is also RRSP eligible.

Security
Index-Linked Term Deposits have the security of principal protection, fully insured by Deposit Insurance Corporation of Ontario. No matter what happens to the stock market, you are guaranteed the return of your principal when your deposit matures

Who Should Consider an Index-Linked Term Deposit?

1. Investors who are looking for a deposit with a principal guarantee that offers the potential for a higher return than the return paid on fixed rate deposits.
2. Investors who are looking for an equity-linked investment that carries no fees or commissions.
3. Individuals searching for a diversified investment in Canadian corporations.
4. Conservative individuals who are not willing to risk their initial investment.

Calculating the Interest
The investment return on the deposit will be based upon the participation rate multiplied by the average return of the S&P/TSX 60 Index over the term of the deposit. The average is calculated by adding the monthly averaging date closing values for the S&P/TSX 60 Index between the start date and the maturity date and dividing that total by the months in the term (36 for the three-year deposit and 60 for the five-year deposit). That average is then compared to the starting level of the S&P/TSX 60 Index at the close of business September 08, 2004. The investor will receive the percentage difference between the average and the starting value, multiplied by the participation rate.

See Example

Terms
Three-Year: September 10, 2004 to September 12, 2007
Five-Year: September 10, 2004 to September 10, 2009

Benefits
· 100% principal protection
· provincial deposit insurance (1)
· RRSP eligible
· No fees or commissions

(1) Subject to deposit insurance regulations

Blue Chip Growth
The S&P/TSX 60 Index tracks sixty top companies in leading industries in Canada. This index provides economic diversity over market sectors such as….

• Basic Materials
• Capital Goods
• Communication Services
• Consumer Cyclical
• Consumer Staples
• Energy
• Financials
• Health Care
• Technology
• Transportation
• Utilities

Risks
Unlike other term deposits, there is no guaranteed return on this product. Depending on the performance of the stocks comprising the S&P/TSX 60 Index over the term, it is possible that, at maturity, the investor will receive only their principal back.

See Example

* Standard & Poor's®" and "S&P®" are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Credit Union Central of Ontario Limited and sublicensed by the Credit Union. "TSX" is a trademark of the Toronto Stock Exchange and has been licensed for use by Credit Union Central of Ontario Limited and sublicensed by the Credit Union. The Index-Linked Term Deposits are not sponsored, endorsed, sold or promoted by Standard & Poor's or the Toronto Stock Exchange and neither party makes any representation regarding the advisability of investing in these deposits.