Canadian Banks GIC, Series 40

Current price: N/A
As of

General Information

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


Issue Date:
Sales Period:
25-Jul-2019 - 11-Sep-2019
Maturity date:
Note term:
5.0 years
Valuation Date:

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.


  • 5-year term.
  • Linked to Canadian Banks.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • Participation factor: 100.00%.
  • Maximum Variable Return: 35.00%.
  • 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.
Legal Notice


CompanyInitial ValueCurrent PriceReturn
Bank of Montreal00.00
Bank of Nova Scotia00.00
Canadian Imperial Bank of Commerce00.00
National Bank of Canada00.00
Royal Bank of Canada00.00
Toronto-Dominion Bank00.00
Reference Portfolio Return0.00%
Basket Level
Monthly Fixing TableIndex Level
Average Fixing Level