Diversified GIC Performance

Market-linked guaranteed investment certificates

 

Issuer

FundSERV Code

Minimum subscription

BNC

NBC11071

$500

  

 
 
 

Issuance date

Maturity date

Term

June 7, 20171

June 6, 2022

5 years


Selling period April 12, 2017 to
May 30, 2017
Type Market-linked guaranteed investment certificates
Hightlights

  • Guaranteed Interest at maturity : 2.47% (0.49% compounded annually)
  • Maximum Interest at maturity : 23.09% (4.24% compounded annually)2
  • Principal 100% protected at maturity
  • Offers the benefit of an investment solution which combines a Fixed-rate GIC, a GIC linked to Canadian equity markets and a GIC linked to global equity markets.
  • Eligible for registered and non-registered accounts
  • Non-transferable.
  • Product eligible for deposit insurance offered by CDIC3.

    

What are guaranteed investment certificates?

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1. More than one issue of the Diversified GIC may be offered in the same year and features may vary for each issue. Consequently, it is very important to ensure that the fact sheet you have corresponds to the issue you want to invest in.

2. The change in the Reference Asset Return has a direct impact on the Variable Interest. If the Reference Portfolio does not generate a positive price return at maturity that is greater than the Guaranteed Interest, the Diversified GICs will generate only the Guaranteed Interest in addition to the principal invested on the Issue Date.

Non principal protected notes (“Note Securities”), principal protected notes (“Deposit Notes”) and market-linked guaranteed investment certificates (“Market-Linked GICs”) differ from conventional debt and fixed income investment. The repayment of the entire principal amount is not guaranteed for the Note Securities and is guaranteed at maturity for the Deposit Notes and the Market-Linked GICs. Note Securities and Deposit Notes do not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act whereas the Market-Linked GICs are eligible for CDIC coverage, subject to the maximum dollar limit of CDIC coverage and to applicable conditions. An investment in Note Securities, Deposit Notes and Market-Linked GICs is not suitable for all investors and even if suitable, potential investors should consider what part such investment should serve in an overall investment plan. Such investment involves risk factors that are described in the relevant offering documents. Potential investors should refer and read the offering documents.

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