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National Bank Investments Funds
With NBI Funds, you get the most out of your investment while balancing risk and return. We can help you choose the best funds based on your investor profile.
Legal Disclaimers – Canadian Market Low Volatility GIC
The Canadian Market Low Volatility GIC, Series 7, Investor Category – 5-year term (the “Canadian Market Low Volatility GIC”) is not a conventional fixed income investment, is not suitable for all investors and is subject to certain risks factors. Potential investors should consult the Information Statement before investing. The Bank has issued previous series for this product which may have different terms and conditions, please see our website for previous series. Terms and expressions not defined herein have the meanings assigned to them in the Information Statement.
Variable Interest, if any, will be calculated at maturity based on the price performance of the Reference Portfolio composed of the S&P/TSX Composite Low Volatility Index, which is designed to measure the performance of the 50 least volatile securities from the S&P/TSX Composite Index.
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. If the Reference Portfolio does not generate a positive return at maturity, the Canadian Market Low Volatility GIC will generate no Variable Interest and no return will be made.
2. 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).
Legal Disclaimers – Non-Redeemable Promotional-Rate GIC
3. Offer in effect from January 15 to March 1, 2018. This offer cannot be combined with any other offer, promotion or advantage. This offer can be withdrawn at any time. The interest rate is fixed for the entire term. The minimum investment required is CDN $500. The offer applies to new Canadian dollar investments in a non-redeemable guaranteed investment certificate (GIC) at a fixed rate of 2.10% for a term of 19 months. The GIC must be held in an RRSP, a TFSA or in a non-registered account at National Bank. The offer does not apply to any GICs already held by a client. Interest may be simple or compound, as the client chooses, with the exception of GICs invested in an RRSP, for which interest is compounded. Simple interest is payable monthly, semi-annually or annually, depending on the date the investment was made. Compound interest is calculated on each anniversary date of the investment, compounded annually and payable at maturity. GICs invested in a TFSA or RRIF are not eligible for automatic renewal. Clients will have 10 business days after the new GIC is issued to cancel the renewal. National Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
Legal disclaimers – RRSP loans
4. RRSP loans are not suitable for all investors. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Ask your financial advisor for more information on the benefits and requirements of RRSP loans.