National Bank - Structured Solutions Group

Low volatility Canadian market GIC (3-year), Series 10

Current price: $100.96
As of 09-Aug-2018

General Information

Issuer:
NBC
FundSERV Code:
NBC11546
ISM Code:
N4670E
Ticker Symbol:
S&P/TSX Composite Low Volatility Index

Dates

Issue Date:
13-Jun-2018
Maturity date:
11-Jun-2021
Note term:
3.0 years
Valuation Date:
04-Jun-2021

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 years and 5 years-term.
  • Participation Factor: 85% (3-year GIC); 125% (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.

Price and Historical Values

Last Updated Date:
09-Aug-2018
Current Price:
$100.96

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 ValueCurrent PriceReturn
S&P/TSX Composite Low Volatility Price Return Index418.46420.270.43%
Reference Portfolio Return0.43%
Basket Level1 004.325
Indicative Variable Interest0.37%