Canadian Banks GIC, Series 34

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC11617
ISM Code:
N6538N
Ticker Symbol:
BMO CT Equity, BNS CT Equity, CM CT Equity, NA CT Equity, RY CT Equity, TD CT Equity

Dates

Issue Date:
19-Dec-2018
Sales Period:
01-Nov-2018 - 12-Dec-2018
Maturity date:
18-Dec-2023
Note term:
5.0 years
Valuation Date:
11-Dec-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 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.
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