Global Equity GIC (2.5-year) - Investors Category, Series 11

Current price: N/A
As of

General Information

Series:
S11
Issuer:
NBC
FundSERV Code:
NBC11716
ISM Code:
V88788

Dates

Issue Date:
26-Jul-2017
Maturity date:
24-Jan-2020
Note term:
2.5 years
Valuation Date:
17-Jan-2020

Product Description

The Global Equity GIC offers the growth potential of a Global diversified equity portfolio all while ensuring 100% principal protection at maturity.

Highlights

  • 2.5-years term (non-rede.
  • Maximum Interest at maturity: 5.10% (2.01% compounded annually).
  • Principal 100% protected at maturity.
  • Eligible for deposit insurance offered by CDIC.
  • Eligible for registered* and non-registered accounts.
  • The Variable Interest is based on the price performance of the Reference Portfolio over the term of the Canadian Banks GIC and is calculated as follows: Variable Interest = Principal invested on the Issue Date x Reference Portfolio Return.
  • The Reference Portfolio Return is the arithmetic average of the Reference Share Return of each of the Reference Shares comprising the Reference Portfolio subject to the Maximum Interest.
  • If the Reference Portfolio does not generate a positive price return over the term of the Global Equity GIC, the Global Equity GIC will not generate any Variable Interest and, in this case, no return will be paid.
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