Low volatility Canadian market GIC (5-year), Series 2

Current price: N/A
As of

General Information

Series:
S2
Issuer:
NBC
FundSERV Code:
NBC11506
ISM Code:
V88786

Dates

Issue Date:
26-Jul-2017
Maturity date:
25-Jul-2022
Note term:
5.0 years
Valuation Date:
18-Jul-2022

Product Description

The Canadian Market Low Volatility GIC offers the growth potential linked to the performance of the S&P/TSX Composite Low Volatility Index all while ensuring 100% principal protection at maturity.

Highlights

  • 3 or 5 years-term.
  • Participation Factor: 55% (3-year GIC).
  • Participation Factor: 95% (5-year GIC).
  • No maximum Variable Interest.
  • Principal 100% protected at maturity.
  • Eligible for deposit insurance offered by CDIC.
  • Eligible for registered* and non-registered accounts.
  • Variable Interest, if any, will be calculated at maturity based on the price performance of the Reference Portfolio including the Reference Index multiplied by the Participation Factor.
  • The Reference Portfolio Return is equal to the sum of the weighed Reference Asset Return of each of the Reference Assets comprising the Reference Portfolio. 
  • If the Reference Portfolio does not generate a positive price return over the term of the Canadian Market Low Volatility GIC, it will generate no Variable Interest and no return will be made.
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