Diversified GICs

Diversified GICs [PDF]

Market-Linked GICs and Deposit Notes Bulletin [PDF]

Fact sheets on market-linked GICs:

• Diversified GIC Flex Series – Stability
• Diversified GIC Flex Series – Balanced
• Diversified GIC Flex Series – Performance

Because they are made up of a mix of GICs, Diversified GICS allow you to benefit from optimal diversification within a single product.

Eligible for registered and non-registered accounts. Cannot be transferred.

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

The Diversified GICs (each a “MLGIC”) aim to provide you with a return linked to the performance of the NBC Conventional fixed-rate GIC, the Canadian Precision 10 GIC and the Global Precision 10 GIC (the “Reference Assets”). The MLGICs decline in three distinct investment solutions, each having different Reference Asset Weights as mentioned herein.

Investors of the MLGIC will be entitled to receive on the Maturity Date repayment of the principal invested on the Issue Date and a Variable Interest, depending on the performance of the Reference Portfolio over the term of the MLGIC. No interest or any other amount will be paid during the term of the MLGIC. The Variable Interest corresponds to the principal invested on the Issue Date multiplied by the Reference Portfolio Return. Such Reference Portfolio Return, which is subject to the Guaranteed Interest and Maximum Interest, is equal to the weighted average return of the Reference Assets. The Reference Asset Return for each Reference Asset is calculated as follows:

• For the NBC Conventional fixed-rate GIC, it corresponds to the interest rate compounded annually over the term of the MLGIC, as indicated in the Information Statement;
• For the Canadian Precision 10 GIC and the Global Precision 10 GIC, it corresponds to the arithmetic average of the price return performance of the 10 middle performing Reference Shares out of 20 Reference Shares comprising each Reference Basket, as specified in the relevant Information Statement. Such Reference Asset Returns are calculated over the period starting on the Issue Date and ending on the Valuation Date and are subject to a minimum of 0.00% and the maximum indicated in the Information Statement. Moreover, these Reference Asset Returns will not take into account dividends and/or distributions paid on account of all the Reference Shares in the Reference Basket.

Complete information for a specific series of MLGIC is available in the relevant Information Statement and it should be consulted before investing. Please refer to the rates bulletin to consult the series issued by National Bank of Canada. You may also find information herein, by contacting your branch advisor or by calling 1-888-483-5628. 

The MLGIC 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 (www.cdic.ca). The MLGIC is not a conventional fixed income investment, is not suitable for all types of investors and is subject to several risk factors. Capitalized terms used and not otherwise defined herein have the meaning ascribed thereto in the Information Statement.