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Canadian Market Low Volatility GIC

Leverage the potential of the S&P/TSX Composite Low Volatility Index


At a glance1

What is the Canadian Market Low Volatility GIC?

This GIC tracks the performance of the 50 least volatile stocks in the S&P/TSX Composite Index. Your principal is 100% guaranteed.

Perfect if you are looking to:

  • Leverage market potential
  • Fully protect your initial investment
  • Invest in a low volatility index
  • Make an investment that is eligible for CDIC coverage3

Interest: Compound

Minimum investment: $500

Sales period: November 1, 2018 to December 12, 2018

Terms and maturity dates: 3-year GIC: December 17, 2021
5-year GIC: December 18, 2023

Issue date: December 19, 20181

Participation factors: 3-year GIC: 90.00%,
5-year GIC: 135.00%, No maximum on variable interest2

Investment horizon: 3 or 5 years

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Sample volatility

A stock's volatility represents the extent and frequency of fluctuations in its value over a given period (see graph).

Sample volatility graph

This hypothetical example is for information purposes only. It should not be treated as a forecast or projection.

GIC options

Decide whether you want a registered or non-registered GIC.

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Term Plan Minimum investment Participation factor Interest type Get this GIC
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Looking to invest in a global equity portfolio? Discover NBI Portfolios.

Little details that matter

Reference documents

Additional information

The Canadian Market Low Volatility GIC can be held in a registered or non-registered account. It cannot be transferred.

This product is eligible for deposit insurance through the CDIC.3

To invest online, you must have a National Bank of Canada account. Don't have an account? Contact a National Bank branch.

Legal Disclaimers

1. The Canadian Market GIC, Series 3, Investors Category (the "Canadian Market GIC") is not a conventional fixed-income instrument, is not suitable for all investor type and carries some risk. Potential investors should consult the relevant fact sheet before investing. The Bank has issued previous series which may have different terms and conditions. Please refer to the rates bulletin for previous series. Terms and expressions not defined have the meaning given in the relevant fact sheet.

2. The variable interest for the Canadian Market GIC is based on the performance of the S&P/TSX Composite Low Volatility Index (the "Reference Index"), which comprises the Reference Portfolio. The Reference Portfolio Return is the Reference Index Return multiplied by a participation factor specified in the relevant fact sheet. A change in the Reference Index has a direct impact on the variable interest paid at maturity. If the return on the Reference Portfolio for the term payable is less than zero, no interest will be paid.

3. An investment in a Canadian Market GIC is eligible for Canada Deposit Insurance Corporation (CDIC) insurance, up to the maximum coverage amount. See the terms and conditions set out in the CDIC brochure "Protecting Your Deposits," which you can access online at or by calling 1-800-461-2342.

4. A change in the Reference Portfolio has a direct impact on the variable interest paid at maturity. If the return on the Reference Portfolio is not greater than the guaranteed interest at maturity, only the amount of the guaranteed interest and the principal invested on the issue date are payable.

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