National Bank - Structured Solutions Group

Low volatility Canadian market GIC (3-year), Series 12

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC11548
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:
17-Sep-2021
Note term:
3.0 years
Valuation Date:
10-Sep-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: 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.
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