Deposit Notes

• Your potential return is linked to an equities portfolio.
• The Notes can be sold prior to maturity through a secondary market.

Available through National Bank Direct Brokerage only.

Canadian Blue Chip III Deposit Notes™
Global Blue Chip III Deposit Notes™

Type	Protected Principal
Investment horizon	9 years
Risk level
Return (%)	Known at maturity
Minimum investment	$1,000 (10 Deposit Notes)
Issue date	On or about June 14, 2013
Sales period	From April 22, 2013 to June 7, 2013 at 4 p.m.
Available through National Bank Direct Brokerage only.

Exposure to 20 Canadian companies. Callable for redemption by National Bank of Canada 4.5 years after the issue date at $144.36 per Note, for a potential annual compound return of approximately 8.50%. Unlimited potential return at maturity if National Bank of Canada does not exercise its early redemption right 4.5 years after the issue date. No management fees. Common dividends will not be reinvested in the portfolio. A daily secondary market will be maintained by National Bank Financial. Early trading charges will apply within 720 days including and following the Issuance Date, up to $6.00 per Deposit Note. Capital is 100%-protected by National Bank of Canada at maturity. Not insured by Canada Deposit Insurance Corporation (CDIC)

Index performance tracking Technical sheet - current issue Information statement

SUITABILITY CONSIDERATIONS AND GUIDELINES
An investment in the Canadian Blue Chip III Deposit Notes™, Series 44 is not suitable for all investors and even if suitable, investors should consider what part the Canadian Blue Chip III Deposit Notes™, Series 44 should serve in an overall investment plan. The Information Statement includes a summary of various suitability considerations and guidelines. You are encouraged to read the Information Statement carefully. The statements contained herein are based upon information which we believe to be reliable but we cannot represent that they are complete or accurate. The complete information related to this issue of the Deposit Notes will be contained in an Information Statement which will be sent to investors prior to the closing date. Capitalized terms used herein and not otherwise defined have the meaning ascribed thereto in the Information Statement of the Deposit Notes. This memorandum is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the Deposit Notes referred to herein. The Canadian Blue Chip III Deposit Notes™ are principal protected at maturity. Variation in the Reference Portfolio Return will have a direct impact on the return payable. It is possible that no return will be paid. Deposit Notes are not suitable for all types of investors. An investment in the Deposit Notes is subject to a number of risk factors. Potential purchasers should consult the Information Statement before investing in the Deposit Notes. The Deposit Notes will not be insured under the Canada Deposit Insurance Corporation Act.

™ Trademark of National Bank of Canada

Type	Protected Principal
Investment horizon	8 years
Risk level
Return (%)	Known at maturity
Minimum investment	$1,000 (10 Deposit Notes)
Issue date	On or about December 21, 2012
Sales period	from December 21 to December 14, 2012 at 4 P.M.
Available through National Bank Direct Brokerage only.

Exposure to 20 international companies. The return at maturity, if any, is calculated starting from the average of 13 monthly portfolio levels comprised of the Issuance Date and the 12 subsequent monthly anniversary dates following the Issuance Date. May be called for redemption by National Bank of Canada 4 years after the Issuance Date at $131.08 per Deposit Note for an annual compounded rate of return of approximately 7.00% on the Bank Early Redemption Day. The Reference Share Return is a price return, and will not take into account dividends. A daily secondary market subject to availability and to early trading charges within the first 720 days including and following the Issuance Date, up to $6.00 per Deposit Note. Capital is 100%-protected by National Bank of Canada at maturity. Not insured by Canada Deposit Insurance Corporation (CDIC).

Index performance tracking Technical sheet - current issue Information statement

SUITABILITY CONSIDERATIONS AND GUIDELINES
An investment in the Global Blue Chip III Deposit Notes™, Series 3 is not suitable for all investors and even if suitable, investors should consider what part the Global Blue Chip III Deposit Notes™, Series 3 should serve in an overall investment plan. The Information Statement includes a summary of various suitability considerations and guidelines. You are encouraged to read the Information Statement carefully. The statements contained herein are based upon information which we believe to be reliable but we cannot represent that they are complete or accurate. The complete information related to this issue of the Deposit Notes will be contained in an Information Statement which will be sent to investors prior to the closing date. Capitalized terms used herein and not otherwise defined have the meaning ascribed thereto in the Information Statement of the Deposit Notes. This memorandum is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the Deposit Notes referred to herein. The Global Blue Chip III Deposit Notes™ are principal protected at maturity. Variation in the Reference Portfolio Return will have a direct impact on the return payable. It is possible that no return will be paid. Deposit Notes are not suitable for all types of investors. An investment in the Deposit Notes is subject to a number of risk factors. Potential purchasers should consult the Information Statement before investing in the Deposit Notes. The Deposit Notes will not be insured under the Canada Deposit Insurance Corporation Act.

™ Trademark of National Bank of Canada