Our Products / Product Solutions / GIC Options
Altamira S&P/TSX 60 Index-linked GIC
Growth and security. Get potentially higher returns than a GIC with a fixed interest rate, with the Altamira S&P/TSX 60 Index-linked GIC. Your return is based on the performance of the S&P/TSX 60 Index and is guaranteed to be no less than zero. And you still benefit from the security that comes from investing in a GIC because your principal is guaranteed.
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Benefits |
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- Potential for higher returns. Because this GIC is linked to the S&P/TSX 60 Index, your investment can benefit from the performance of 60 of Canada's largest corporations
- Security. Your principal investment is guaranteed and CDIC insured*
- Convenience. Easy to set up, manage and renew
- Available for all needs. Eligible as Canadian content in RRSPs, RESPs, and RRIFs, as well as for your medium and long term investing needs
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Is this right for me? | To top
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The Altamira S&P/TSX 60 Index-linked GIC might be a good investment if you want to invest in the Canadian stock market without risking your principal investment.
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How is my return calculated? | To top
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Your rate of return is linked to the performance of the S&P/TSX 60 Index. Your return is calculated using the opening index value at the time of purchase, and the average of the closing values for the four months prior to the GIC's maturity date. Interest is paid at maturity.
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Maximum Potential Rate |
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5 years |
41.00% |
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Details you need to know | To top
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Registration Eligibility |
RRSP: 100% |
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RESP: 100% |
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RRIF: 100% |
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Access to funds |
Available at maturity |
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Details for Series to be issued† |
September 15, 2008 Pre-sale closing date June 9, 2008 - September 8, 2008 |
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Terms |
5 years |
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Minimum Investment |
$500 |
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CDIC insured* |
Principal and interest |
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Suitable for |
Equity portion of investment portfolio |
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Points to consider | To top
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More earnings potential than a Fixed Rate GIC with the same guarantee to your principal investment
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Your maximum potential rate of return at maturity for the 5 year term is 41%. Your rate is guaranteed not to be lower than 0% at maturity.
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How do I sign up? | To top
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It's simple...all you have to do is:
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Download an application form, request one by telephone or pick one up at the Altamira Investment Centre nearest you.
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Complete the application form and return to Altamira along with a cheque.
Need help? Contact an Altamira Advisor at 1-866-351-6925 or send us an e-mail.
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Important
†The Altamira S&P/TSX 60 Index-linked GIC is issued, managed and guaranteed by National Bank of Canada (not Altamira). Altamira obtains the GIC on your behalf as agent and will hold it in your Altamira account. Several issues of the S&P/TSX 60 Index-linked GIC may be offered in the same year and features may vary for each issue. Please consult an Altamira Advisor.
*The S&P/TSX 60 Index-linked GICs offered by Altamira are issued by the National Bank of Canada, which is a member of the Canada Deposit Insurance Corporation (CDIC) and therefore are eligible for deposit insurance from CDIC (subject to maximum coverage limitations as outlined in CDIC's brochure entitled "Protecting Your Deposits").

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