Canadian Advantage 8 (5 years) GIC S1, Advisors Category

Current price: $112.83
As of 01-Dec-2017

General Information

Issuer:
NBC
FundSERV Code:
NBC2107
ISM Code:
V91050

Product Description

The Canadian Advantage 8 GIC offers the growth potential of a Canadian diversified equity portfolio all while ensuring 100% principal protection at maturity. The 8 Reference Shares with the highest price returns are automatically assigned a 40% return, regardless of the actual price return realized. The remaining 12 Reference Shares will be assigned their actual price returns. The Reference Portfolio Return is then determined on the basis of the arithmetic average return of the 20 Reference Shares.

Highlights

  • 5-year term (non-redeemable).
  • Principal invested on the Issue Date is 100% protected at maturity.
  • Eligible for deposit insurance offered by CDIC.
  • Variable Interest payable at maturity is based on the price return of a Reference Portfolio comprised of common shares of 20 Canadian companies.
  • The Reference Portfolio Return is an arithmetic average of the price return of the Reference Shares over the period starting on the Issue Date of the Canadian Advantage 8 GIC and ending on the Valuation Date, where each of the eight Reference Shares with the highest price return will be allocated a fixed return of 40.00%, for the purpose of such calculation, notwithstanding the actual price return. The remaining twelve reference shares will be assigned their actual price returns.
  • If the Reference Portfolio does not generate a positive price return at maturity, the Canadian Advantage 8 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 the potential of a higher return than conventional fixed-rate GICs.

Dates

Issue Date:
03-Dec-2012
Maturity date:
01-Dec-2017
Note term:
5.0 years
Valuation Date:
24-Nov-2017

Price and Historical Values

Last Updated Date:
01-Dec-2017
Current Price:
$112.83
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.

Note

On March 28, 2014, Loblaw Companies Limited announced that it has completed its acquisition of Shoppers Drug Mart Corporation. As a result of such event, we hereby advise the Holders of the variable-return GIC that, as of April 1, 2014, the common shares of Shoppers Drug Mart Corporation have been replaced by the common shares of Loblaw Companies Limited as a reference share in the reference portfolio of the variable-return GIC in accordance to the terms and conditions of the Information Statement relating to the variable-return GIC. As a result, all calculations in respect of the reference portfolio return that were based on the price of the common shares of Shoppers Drug Mart Corporation will be, from April 1, 2014 until maturity, based on the price of the common shares of Loblaw Companies Limited.

Legal Notice

Portfolio

CompanyInitial ValueFinal PriceReturnSecurity Ranking
Barrick Gold Corp33.5918.06-46.23%19
BCE Inc42.2161.7346.24%9
Bank of Montreal59.2999.0667.08%7
Canadian Imperial Bank of Commerce80.04115.1043.80%10
Canadian National Railway Co44.385101.71129.15%1
Encana Corp21.6215.16-29.88%15
Husky Energy Inc2815.42-44.93%17
Kinross Gold Corp9.815.40-44.95%18
Loblaw Cos Ltd32.1068.25112.64%2
Potash Corp of Saskatchewan Inc38.4424.70-35.74%16
Royal Bank of Canada58.74101.0672.05%6
Shaw Communications Inc21.628.3031.02%13
Sun Life Financial Inc27.2850.5385.23%4
Suncor Energy Inc32.3244.9939.20%11
TELUS Corp32.40548.7850.53%8
TransAlta Corp14.747.50-49.12%20
Toronto-Dominion Bank/The41.46573.9978.44%5
Teck Resources Ltd33.529.64-11.52%14
Thomson Reuters Corp27.7356.39103.35%3
TransCanada Corp45.7663.4838.72%12
Reference Portfolio Return12.83%
Basket Level1 128.306
Indicative Variable Interest12.83%