Canadian Market Low Volatility GIC

The Canadian Market Low Volatility GIC is based on the S&P/TSX Composite Low Volatility Index, designed to measure the performance of the 50 least volatile securities included in the S&P/TSX Composite Index. The volatility of a security is represented by the magnitude and frequency of the changes in the security's value over a given time period. As is illustrated by the chart below, the higher the magnitude of the changes in the security's value, the more volatile the security.

Quick view

 

Investment horizon

3 years or 5 years
 

Variable return

Only known at maturity
 

Issue date

November 1, 20171


Presale period

September 7 to October 25, 2017

 

  26 juillet 20171

  26 juillet 20171

  26 juillet 20171

3 years


Minimal Investment

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Interest Type

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Participation factor

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5 years


Minimal Investment

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Interest Type

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Participation factor

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> Variable Interest, if any, will be determined based on the price performance of the Reference Assets based on the S&P/TSX Composite Low Volatility Index, which measure the performance of the 50 least volatile securities included in the S&P/TSX Composite Index. The principal is fully protected at maturity.  

> Potential return: Any positive Reference Portfolio Return will be multiplied by a Participation Factor, which will result in investors receiving less than the full return of the Reference Portfolio if the Participation Factor is less than 100%. If the Reference Portfolio does not generate a positive price return over the term of the Canadian Market Low Volatility GIC, it will generate no Variable Interest and no return will be made. The Reference Asset Return will be based on the average of the three closing levels of the Reference Asset determined over the last three months of the Canadian Market Low Volatility GIC

> Insured under the Canada Deposit Insurance Corporation (CDIC).

> To invest online, you must have a National Bank account. If you do not have one, please visit one of our branches.


1. The Bank may issue several series of the Canadian Market Low Volatility GIC in the same year and the features may vary for each issue. It is therefore important to ensure you have the fact sheet corresponding to the issue you want to invest in.

2. The return of the Reference Asset is a price return and will not include dividends and/or distributions paid by issuers or components of the Reference Asset. There are certain risk factors with respect to an investment in the Canadian Market Low Volatility GIC and such an investment may not be suitable for all investors. For further information, please refer to the Information Statement regarding the Canadian Market Low Volatility GIC.

3. The Canadian Market Low Volatility GIC is a deposit eligible for deposit insurance by the Canada Deposit Insurance Corporation (CDIC), subject to the maximum dollar limit of CDIC coverage and applicable conditions. More information about CDIC deposit insurance can be found in the “Protecting Your Deposits” brochure (available online at cdic.ca or by telephone at 1-800-461-2342).


[1]  The Canadian Market Low Volatility, Series 1, Investors Category, 3-year term herein referred to as “3-year GIC” and the Canadian Market Low Volatility GIC, Series 1, Investors Category, 5-year term herein referred to as “5-year GIC” and together with the 3-year GIC, as “Canadian Market Low Volatility GIC”.

 

 

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