Press Releases

National Bank presents the NBC Globe-Trotter Deposit Note with Low PointTM

Montreal, 17 January 2008 -

National Bank is pleased to present the Globe-Trotter Deposit Note with Low PointTM (issue dated March 14, 2008, Series 3), an investment vehicle that is eligible for RRSP contributions and available until March 7, 2008.

  • Principal fully protected at maturity by National Bank
  • Minimum investment of $1,000
  • 8-year term
  • Initial reference portfolio level is locked in at the lowest monthly level during the first year, provided the notes are not called at mid term
  • No direct currency exposure

The Globe-Trotter Deposit Note offers investors exposure to a reference portfolio made up of common shares of 20 of the world’s leading companies (Canadian, American, European, Australian and Japanese) while not exposing them to the currency fluctuations generally linked to a global equity portfolio.

Notes are callable for redemption by National Bank of Canada at mid-term at $146.41 per note, for an annualized return of approximately 10%. If not called 4 years after the issue date, the return at maturity is calculated advantageously starting from the lowest of 13 monthly portfolio levels observed in the first year. This is an attractive feature for clients who are concerned about investing at a time of market uncertainty.

The Globe-Trotter Deposit Note is eligible for Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Deferred Profit-Sharing Plans (DPSPs) and Registered Educational Savings Plans (RESPs). It is also possible to sell the Notes before maturity, at market conditions and subject to early redemption fees.

Notes are available at National Bank branches, via TelNat Telephone Banking Solutions (1-888-483-5628), Altamira Investment Services (1·888·ALTAMIRA or at www.altamira.com), National Bank Direct Brokerage (www.nbdb.ca or 1-800-293-6637), National Bank Financial (1-800-361-8838 or 514-879-2222), or from any investment and financial planning advisor in Canada.

NBC Globe-Trotter Deposit Notes with Low PointTM are a principal-protected investment redeemable at maturity by National Bank of Canada. Variation in the Reference Portfolio, which corresponds to the variation in the Reference Portfolio Return, will have a direct impact on the return payable. It is possible that no return will be paid. An investment in the Deposit Notes is subject to a number of risk factors. Notes are not suitable for all types of investors. Potential purchasers should consult the Information Statement and their investment advisor before investing in the Notes. Capitalized terms used herein and not otherwise defined have the meaning ascribed thereto in the Information Statement of the Deposit Notes. The complete information related to this issue of Notes will be included in an Information Statement which will be sent to investors prior to the closing date.

About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $113 billion in assets and, together with its subsidiaries, employs 16,863 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca.

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives):

Denis Dubé
Senior Director – Public Relations
National Bank of Canada
Tel.: 514-394-8644