Market-linked Guaranteed Investment Certificates (GICs)

At maturity, your principal and any return earned, will be deposited into the account you designated at the time of purchase.

The terms and conditions of this product do not provide the option of redeeming this investment before maturity.

Return is calculated based on the variation in the benchmark prices between the issue date and the maturity date, up to the maximum cumulative return indicated on your purchase agreement. For full details on how to calculate the return, please refer to the Market-Linked GIC terms and conditions. Many of the companies in the reference basket pay out dividends.

No, the market-Linked GIC is intended to mimic the performance of the reference basket but the securities in the reference basket are not being purchased. As a result, at maturity you have 100% principal protection, and a return that can vary from 0% to the maximum cumulative return, as determined by the variation in price of the securities, but no dividends or other distributions that some companies may payout to their shareholders.

If a market event were to occur, such as a merger or stock split, the securities in the basket could change. If a security in the basket changes, the calculation of the return would be based on the new security and not the original one.