Low volatility Canadian market GIC (5-year), Series 13

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC11516
Ticker Symbol:
S&P/TSX Composite Low Volatility Index

Dates

Issue Date:
07-Nov-2018
Sales Period:
13-Sep-2018 - 31-Oct-2018
Maturity date:
06-Nov-2023
Note term:
5.0 years
Valuation Date:
30-Oct-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

  • 5 years term
  • Linked to the S&P/TSX Composite Low Volatility Index.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Participation factor: 120.00%.
  • 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.
  • Eligible for the CDIC deposit insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • No secondary market.
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