Environmentally Responsible 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 or 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 21, 2023 to January 19, 2024
- Minimum cumulative rate over 3-year period: 9.00% (2.91% annualized)
- Minimum cumulative rate over 5-year period: 15.00% (2.83% annualized)
- Maximum cumulative rate over 3-year period: 40.00% (11.87% annualized)
- Maximum cumulative rate over 5-year period: 60.00% (9.86% annualized)
Stocks | Weight |
---|---|
Alstom SA | 5% |
Bank of Nova Scotia/The | 5% |
Denso Corp | 5% |
First Solar Inc | 5% |
Gecina SA | 5% |
Hydro One Ltd | 5% |
KDDI Corp | 5% |
Magna International Inc | 5% |
Microsoft Corp | 5% |
Mowi ASA | 5% |
Nintendo Co Ltd | 5% |
Novartis AG | 5% |
Novo Nordisk A/S | 5% |
Orsted AS | 5% |
SAP SE | 5% |
SolarEdge Technologies Inc | 5% |
Texas Instruments Inc | 5% |
Vestas Wind Systems A/S | 5% |
Vonovia SE | 5% |
Wheaton Precious Metals Corp | 5% |
Total | 100% |