Canadian Banks GIC Flex Series

Canadian Banks GIC Flex Series info sheet (5 years) [PDF]

Canadian Banks GIC Flex Series info sheet (2 years) [PDF]

Market-Linked GICs and Deposit Notes Bulletin [PDF]

Fact sheet on Canadian Banks GICs Flex Series [PDF]

The Canadian Banks GIC Flex Series is linked to the performance of six Canadian banks.

Eligible for registered and non-registered plans. Non-transferable.

This product is eligible for deposit insurance through the CDIC.³

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

The Canadian Banks GIC (the “MLGIC”) aims to provide you with a return linked to the price return performance of the common shares of the 6 Canadian banks (the “Reference Shares”) specified in the relevant Information Statement. 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 is calculated as follows:

• For MLGIC payout that includes a Maximum Interest and no Guaranteed Interest, the Variable Interest corresponds to the principal invested on the Issue Date multiplied by the Reference Portfolio Return, subject to such Maximum Interest. 
• For MLGIC payout that includes both a Guaranteed Interest and a Maximum Interest, the Variable Interest corresponds to the principal invested on the Issue Date multiplied by the Reference Portfolio Return, subject to such Guaranteed Interest and Maximum Interest. 
• For MLGIC payout that includes only a Participation Factor (i.e., no Guaranteed Interest or Maximum Interest), the Variable Interest corresponds to the principal invested on the Issue Date multiplied by the Reference Portfolio Return, multiplied by the Participation Factor. 

The Reference Portfolio Return used in the Variable Return calculation corresponds to the arithmetic average of the Reference Share Return of each of the Reference Shares comprising the Reference Portfolio. Such Reference Share Return is based on the average of three Reference Share Prices of each Reference Share determined over the last three months of the term of the MLGIC. The Reference Share Return will not take into account dividends and/or distributions paid by the issuers on account of each of the Reference Shares. 

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.