Canadian Banks GIC, Series 40

Current price: $123.20
As of 15-Apr-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC11623
ISM Code:
Z5105E
Ticker Symbol:
BMO, BNS, CM, NA, RY, TD

Product Description

The Canadian Banks GIC offers the growth potential linked to the performance of a portfolio of Canadian Banks all while ensuring 100% principal protection at maturity.

Highlights

  • 5-year term.
  • Linked to Canadian Banks.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Participation Factor: 100%
  • Maximum: 35%.
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • No secondary market.

Dates

Issue Date:
18-Sep-2019
Maturity date:
17-Sep-2024
Note term:
5.0 years
Valuation Date:
10-Sep-2024

Price and Historical Values

Last Updated Date:
15-Apr-2024
Current Price:
$123.20
Currency:
CAN

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.

Legal Notice

Portfolio

CompanyInitial ValueCurrent PriceReturn
Bank of Montreal97.22127.8431.50%
Bank of Nova Scotia74.5865.47-12.22%
Canadian Imperial Bank of Commerce54.9465.7419.66%
National Bank of Canada64.83110.6970.74%
Royal Bank of Canada106.29134.9927.00%
Toronto-Dominion Bank76.0377.942.51%
Reference Portfolio Return23.20%
Basket Level1 231.985
Indicative Variable Interest23.20%
Monthly Fixing TableIndex Level
02-Jul-24
01-Aug-24
10-Sep-24
Average Fixing Level