Perspectives Plus Guaranteed Investment

The Desjardins Perspectives Plus Guaranteed Investment ensures holders that their capital is completely protected, regardless of market performance. The return potential linked to this product is based on an investment strategy which relies partially on hedge funds. Strong market upheavals in the last quarter of 2008 led to a strong drop in prices. Standard protocol had to be applied, which provides for the complete withdrawal of the amounts invested in hedge funds.

This divestiture means that, at maturity, the investments will generate no return for holders. Your principal remains entirely guaranteed at maturity, even if the index level fluctuates. Products with an initial term greater than 5 years will be redeemable upon request as of 5 years from the date of purchase, as outlined in your deposit agreement. Please contact your advisor or financial planner for more information.

Monthly update
Last update: February 9, 2012

Perspectives Plus Guaranteed Investment - January 31, 2012

Issue date (investment agreement)	Term	Initial index level	Index level	Cumulative appreciation (note 2)
September 13, 2008	3.5 years	100.00	94.64	0.0%
September 14, 2008	5 years	100.00	88.35	0.0%
September 15, 2008	7 years	100.00	79.32	0.0%
June 15, 2008	5 years	100.00	90.94	0.0%
June 17, 2008	7 years	100.00	82.84	0.0%
March 16, 2008	5 years	100.00	90.82	0.0%
March 17, 2008	7 years	100.00	82.91	0.0%
January 18, 2008	5 years	100.00	91.65	0.0%
January 20, 2008	7 years	100.00	83.98	0.0%
November 16, 2007	5 years	100.00	92.81	0.0%
November 18, 2007	7 years	100.00	85.19	0.0%
September 14, 2007	5 years	100.00	92.31	0.0%
September 16, 2007	7 years	100.00	84.85	0.0%
June 15, 2007	5 years	100.00	94.80	0.0%
June 17, 2007	7 years	100.00	88.05	0.0%
March 16, 2007	5 years	100.00	94.84	0.0%
March 18, 2007	7 years	100.00	88.26	0.0%
January 21, 2007	7 years	100.00	88.05	0.0%
November 10, 2006	5.5 years	100.00	92.68	0.0%
November 13, 2006	7 years	100.00	87.40	0.0%
September 8, 2006	5.5 years	100.00	92.85	0.0%
September 10, 2006	7 years	100.00	87.01	0.0%
June 18, 2006	7 years	100.00	88.22	0.0%
March 24, 2006	7 years	100.00	89.35	0.0%
January 22, 2006	7 years	100.00	88.82	0.0%
November 20, 2005	7 years	100.00	89.42	0.0%
September 12, 2005	7 years	100.00	90.12	0.0%
June 18, 2005	7 years	100.00	89.33	0.0%
March 26, 2005	7 years	100.00	90.24	0.0%

2. The indicated percentage represents the appreciation of the index in relation to its initial level. This appreciation takes into account the characteristics of each indexed term savings product: it was raised for issues with a participation rate over 100%, and also considers participation rates that are lower than the index growth, if applicable. The appreciation also takes into account, if applicable, the annual higher and lower limits stipulated in the deposit agreement. Your capital is guaranteed but the return may be nil. The return indicated (not expressed as an annual compound return) illustrates the trends of the various issues.