NBC Canadian Market Low Volatility GIC, Series 2

Current price: $100.00
As of 01-May-2020

General Information

Issuer:
NBC
FundSERV Code:
NBC2933
ISM Code:
V92654
Ticker Symbol:
SPTXLVPR Index

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

  • 3.5-year term (non-redeemable).
  • Principal invested on the Issue Date is 100% protected at maturity.
  • Participation Factor: 60.00%
  • Eligible for deposit insurance offered by CDIC.
  • Variable Interest payable at maturity is based on the return of the S&P/TSX Composite Low Volatility Index multiplied by the Participation Factor of 100%.
  • The Reference Portfolio Return is an arithmetic average (expressed as a percentage and rounded to two decimal places) of the price return of the Reference Shares over the period starting on the Issue Date of the Canadian Market Low Volatility GIC and ending on the Valuation Date.
  • If the Reference Portfolio does not generate a positive price return at maturity, the Canadian Market Low Volatility GIC will not generate any Variable Interest and, in this case, no return will be paid.
  • No Secondary Market.
  • Exposure to a diversified portfolio of Canadian equities, allowing for higher potential return than conventional fixed-rate GICs.

Dates

Issue Date:
03-Nov-2016
Maturity date:
01-May-2020
Note term:
3.5 years
Valuation Date:
24-Apr-2020

Price and Historical Values

Last Updated Date:
01-May-2020
Current Price:
$100.00
Currency:
CAN

The bid price and any related information on the date of sale may differ from the current price and information posted above. Please refer to the offering document or your investment advisor.

Legal Notice

Portfolio

CompanyInitial ValueFinal PriceReturn
S&P/TSX Composite Low Volatility Index392.29377.41-3.79%
Reference Portfolio Return-3.79%
Basket Level962.069