Redemption price per share decreasing rate

$ 0.25

Series BH, BI, BJ, AZ, BB, BD, BF, BK, BO and BM [member]

Disclosure of classes of share capital [line items]

Preference shares NVCC conversion formula

The number of shares issued is determined by dividing the preferred share value by the conversion price.

Series BU [Member]

Disclosure of classes of share capital [line items]

Series BT, BU and BW [Member]

$ 1,000

Disclosure of classes of share capital [line items]

Bottom of range [member] | Series BH, BI, BJ, AZ, BB, BD, BF, BK, BO and BM [member]

1,000

Disclosure of classes of share capital [line items]

Preference shares NVCC provision floor price

Series W non-cumulative fixed rate first preference shares [member]

Disclosure of classes of share capital [line items]

Series 1 limited recourse capital notes [member]

$ 25

Disclosure of classes of share capital [line items]

LRCN Series 1 bear interest at a fixed rate of 4.5% per annum until November 24, 2025, and thereafter at a rate per annum, reset every fifth year, equal to the 5-Year Government of Canada Yield plus 4.137% until maturity on November 24, 2080. The interest is paid semi-annually on or about the 24th day of May and November. LRCN Series 1 is redeemable during the period from October 24 to and including November 24, commencing in 2025 and every fifth year thereafter to the extent we redeem Series BQ pursuant to their terms and subject to the consent of OSFI and requirements of the Bank Act (Canada).

Preference shares NVCC provision floor price

$ 1,000

$ 5

4.50%

Series 2 limited recourse capital notes [member]

4.137%

Disclosure of classes of share capital [line items]

LRCN Series 2 bear interest at a fixed rate of 4.0% per annum until February 24, 2026, and thereafter at a rate per annum, reset every fifth year, equal to the 5-Year Government of Canada Yield plus 3.617% until maturity on February 24, 2081. The interest is paid semi-annually on or about the 24th day of February and August. LRCN Series 2 is redeemable during the period from January 24 to and including February 24, commencing in 2026 and every fifth year thereafter to the extent we redeem Series BR pursuant to their terms and subject to the consent of OSFI and requirements of the Bank Act (Canada).

$ 1,000

4.00%

Series 3 limited recourse capital notes [member]

3.617%

Disclosure of classes of share capital [line items]

LRCN Series 3 bear interest at a fixed rate of 3.65% per annum until November 24, 2026, and thereafter at a rate per annum, reset every fifth year, equal to the 5-Year Government of Canada Yield plus 2.665% until maturity on November 24, 2081. The interest is paid semi-annually on or about the 24th day of May and November. LRCN Series 3 is redeemable during the period from October 24 to and including November 24, commencing in 2026 and every fifth year thereafter to the extent we redeem Series BS pursuant to their terms and subject to the consent of OSFI and requirements of the Bank Act (Canada).

$ 1,000

3.65%

Series 4 limited recourse capital notes [member]

2.665%

Disclosure of classes of share capital [line items]

LRCN Series 4 bear interest at a fixed rate of 7.5% per annum until May 2, 2029, and thereafter at a rate per annum, reset every fifth year, equal to the U.S. Treasury Rate plus 2.887% until maturity on May 2, 2084. The interest is paid quarterly on or about the 2nd day of February, May, August and November. LRCN Series 4 is redeemable on May 2, 2029 and on each 2nd day of February, May, August and November thereafter to the extent we redeem Series BV pursuant to their terms and subject to the consent of OSFI and requirements of the Bank Act (Canada).

$ 1,000

7.50%