Canadian Banks GIC - Advisors Category, Series 33

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC11616
Ticker Symbol:
BMO CT Equity, BNS CT Equity, CM CT Equity, NA CT Equity, RY CT Equity, TD CT Equity

Dates

Issue Date:
07-Nov-2018
Maturity date:
06-Nov-2023
Note term:
5.0 years
Valuation Date:
30-Oct-2023

Highlights

  • 5-year term.
  • Linked to Canadian Banks.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Participation factor: 100.00%.
  • Maximum Guaranteed Interest at Maturity: 50.00%.
  • 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. 
  • Eligible for the CDIC deposit insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • No secondary market.

Price and Historical Values

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.

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