National Bank - Structured Solutions Group

Low volatility Canadian market GIC (5-year), Series 12

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC11515
Ticker Symbol:
S&P/TSX Composite Low Volatility Index

Dates

Issue Date:
19-Sep-2018
Sales Period:
26-Jul-2018 - 12-Sep-2018
Maturity date:
18-Sep-2023
Note term:
5.0 years
Valuation Date:
11-Sep-2023

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: 80% (3-year GIC); 115% (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.
  • <o:p></o:p>

Legal Notice

Portfolio

CompanyInitial ValueCurrent PriceReturn
S&P/TSX Composite Low Volatility Price Return Index#N/A N/A420.27
Reference Portfolio Return
Basket Level