Prime Rate increase

Scotiabank & Trust (Cayman) Ltd. wishes to advise that due to the announcement by the Federal Reserve to increase the federal funds rate by 0.25% on March 22, 2023, the following changes will occur:

• USD Prime Rate increase from 7.75% to 8.00%, effective March 24, 2023
• KYD Prime Rate increase from 7.75% to 8.00%, effective March 24, 2023

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