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% |