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Diversity Market-Linked GIC

Diversity Market-Linked GIC

Features and benefits

  • 100% participation rate - receive the full gains of the Market-linked GIC over the term, up to a maximum rate (return is based on the cumulative return of the basket of securities)
  • Principal completely guaranteed at maturity
  • Earned interest paid at maturity
  • $100 minimum investment for registered and non-registered accounts
  • No management fees or commissions
  • Available for a 3-year term
  • Available for a 5-year term
  • Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).

Current sales period details

Rate of Return

  • Current Offering: November 22, 2022 to January 20, 2023
  • Minimum cumulative rate over 3-year period: 3.50% (1.15% annualized)
  • Minimum cumulative rate over 5-year period: 8.00% (1.55% annualized)
  • Maximum cumulative rate over 3-year period: 40.00% (11.87% annualized)
  • Maximum cumulative rate over 5-year period: 75.00% (11.84% annualized)
StocksWeight
Agnico Eagle Mines Ltd5%
ASML Holding NV5%
Best Buy Co Inc5%
Canadian Imperial Bank of Commerce5%
Cie Generale des Etablissements Michelin5%
Cisco Systems Inc5%
Coca-Cola Co/The5%
CSL Ltd5%
Ferguson plc5%
Legrand SA5%
Newcrest Mining Ltd5%
Novartis AG5%
Novo Nordisk A/S5%
Publicis Groupe SA5%
Reckitt Benckiser Group PLC5%
Sun Life Financial Inc5%
TELUS Corp5%
Texas Instruments Inc5%
Toronto-Dominion Bank/The5%
Zurich Insurance Group AG5%