Federal Reserve to increase the federal funds

Scotiabank & Trust (Cayman) Ltd. wishes to advise that due to the announcement by the Federal Reserve to increase the federal funds rate by 0.50% on May 5, 2022, the following changes will occur:

• USD Prime Rate increase from 3.50% to 4.00%, effective May 9, 2022
• KYD Prime Rate increase from 3.50% to 4.00%, effective May 19, 2022

All products linked to USD and KYD Prime Rates will be adjusted on the effective dates indicated.