National Bank - Structured Solutions Group

Canadian Banks GIC - Investors Category, Series 32

Current price: N/A
As of

General Information

FundSERV Code:
Ticker Symbol:
Big 6 banks


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

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.


  • 5 years-term.
  • Maximum Interest at maturity: 40.00% (6.96% compounded annually).
  • Principal 100% protected at maturity.
  • Eligible for deposit insurance offered by CDIC.
  • Eligible for registered* and non-registered accounts.
  • The Variable Interest is based on the price performance of the Reference Portfolio over the term of the Canadian Banks GIC and is calculated as follows: Variable Interest = Principal invested on the Issue Date x Reference Portfolio Return.
  • The Reference Portfolio Return is the arithmetic average of the Reference Share Return of each of the Reference Shares comprising the Reference Portfolio subject to the Maximum Interest.
  • If the Reference Portfolio does not generate a positive price return over the term of the Canadian Banks GIC, the Canadian Banks GIC will not generate any Variable Interest and, in this case, no return will be paid.
Legal Notice


CompanyInitial ValueCurrent PriceReturn
Bank of Montreal#N/A N/A103.55
Bank of Nova Scotia/The#N/A N/A76.33
Canadian Imperial Bank of Commerce#N/A N/A119.22
National Bank of Canada#N/A N/A64.40
Royal Bank of Canada#N/A N/A101.30
Toronto-Dominion Bank/The#N/A N/A77.39
Reference Portfolio Return
Basket Level