Canadian Advantage 8 GIC (3.5 years) S23, Advisors Category

Current price: $100.00
As of 25-Apr-2016

General Information

Issuer:
NBC
FundSERV Code:
NBC2132
ISM Code:
V97869

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 20% return (equivalent to an annual compounded rate of return of 5.35%), regardless of the actual price return realized. The remaining 12 Reference Shares will be assigned their actual price returns.

Highlights

  • 3.5-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 compounded of the common shares of 20 Canadian companies.
  • 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 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 20.00%, for the purpose of such calculation, notwithstanding the actual price return.
  • 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.
  • Variable Interest : between 0% and 20% payable at maturity (The Maximum Variable Interest of 20% is equal to a compounded annual rate of return of approximately 5.35%).
  • No Secondary Market.
  • Exposure to a diversified portfolio of Canadian equities, allowing for higher potential return than conventional fixed-rate GICs.

Dates

Issue Date:
26-Oct-2012
Maturity date:
25-Apr-2016
Note term:
3.5 years
Valuation Date:
18-Apr-2016

Price and Historical Values

Last Updated Date:
25-Apr-2016
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.

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

AssetInitial PriceFinal PriceReturnSecurity Ranking
Barrick Gold Corp39.1220.25-48.24%17
BCE Inc42.9259.6839.05%5
Bank of Montreal59.7481.2836.06%8
Canadian Imperial Bank of Commerce/Canada78.1598.6526.23%10
Canadian National Railway Co43.2881.2687.78%2
Encana Corp22.518.55-62.02%20
Husky Energy Inc26.9716.97-37.08%14
Kinross Gold Corp9.625.52-42.62%15
Loblaw Cos Ltd31.5470.43123.29%1
Potash Corp of Saskatchewan Inc40.0221.44-46.43%16
Royal Bank of Canada56.8377.7736.85%6
Shaw Communications Inc21.0623.5912.01%12
Sun Life Financial Inc24.7642.6672.29%4
Suncor Energy Inc33.1736.229.20%13
TELUS Corp31.6640.7228.64%9
TransAlta Corp15.716.19-60.60%19
Teck Resources Ltd31.0412.30-60.37%18
Toronto-Dominion Bank/The40.5955.3036.26%7
Thomson Reuters Corp28.2952.2584.69%3
TransCanada Corp44.4051.0915.07%11