The SMART Note provides the best features of an asset allocation strategy with the benefit of capital protection at maturity. You’ll automatically receive the return, if any,

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from the best performing of three portfolios (Conservative, Balanced or Growth) at the end of a seven-year term, plus your initial capital.

What is a principal-protected note?

Principal-protected notes allow you to participate in potential gains while protecting your initial investment. This principal is returned at maturity and the Note gives you the opportunity to participate in the upside potential of stocks, bonds, commodities and currencies.

How does the Altamira SMART Note work?

The SMART Note consists of three portfolios, each allocated differently to represent a different level of risk tolerance: conservative, balanced and growth. These portfolios are diversified among the four most common asset classes (equities, bonds, commodities and currencies). When the Note matures, you’ll automatically receive the return, if any, from the best performing of three portfolios at the end of a seven-year term (Conservative-weighted to bonds, Balanced, or Growth-weighted to equities), plus your initial capital.

Benefits

The Altamira SMART Note offers several key benefits:

Principal fully protected at maturity
You get the return from the best performing of three diversified Portfolios
Unlimited potential return at maturity
Exposure to Canada, U.S. Europe and Japan
Exposure to equities, bonds, commodities and currencies

Is this right for me?	To top

The SMART Note may be right for you if you have an investment horizon of seven years or more, are looking for protection of your initial investment and want to be well diversified by geographic region and asset class. And, because the SMART Note automatically selects the best performing portfolio at maturity (each representing a different level of risk), you can capitalize on financial market growth, without worrying about market volatility.

How is my return calculated?	To top

At the end of the seven-year term, return is based on the price appreciation of the best performing of the three Portfolios.

Details you need to know

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Registration Eligibility	RRSP: 100%
	RESP: 100%
	RRIF: 100%
Selling period	Not available for sale at this time.
Term	The Note has an seven-year term.
Price per Note	$100
Minimum investment	$500 (5 Notes)
Issuer	National Bank of Canada
Guarantee	The National Bank of Canada – Canada's sixth-largest bank – guarantees repayment of the client's principal at maturity in seven years. The National Bank of Canada has an A credit rating from the S&P and an A (high) from DBRS (Dominion Bond Rating Service). The notes are not insured under the Canada Deposit Insurance Corporation Act or under any other insurance regime.
Tax treatment	No income taxes are payable before sale or maturity, so the investment grows in a tax-sheltered environment. If an investor sells notes prior to maturity, the gain (or loss) will normally be classified as a capital gain (loss). Otherwise, the excess return above the principal at maturity will be classified as interest.
Access to funds	Notes can be sold in a weekly secondary market maintained by National Bank Financial in normal market conditions. There is an early trading charge for notes sold within 24 months of purchase.
Availability for sale	Available to Canadian residents only.
Suitable for	Equity portion of investment portfolio.
Please refer to the Information Statement for complete details regarding the Altamira SMART Note. For the daily prices, please click here. For historical prices, please contact an Altamira Advisor at 1-888-ALTAMIRA.

Points to consider	To top

The Note has a seven year term More earnings potential than a GIC No income taxes payable during the holding period. The interest earned on the notes is tax-deferred until maturity Access to a secondary market. The National Bank of Canada will maintain a weekly secondary market under normal market conditions

How do I sign up?

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It's simple...all you have to do is:

For new clients, download an application form, request one by telephone or pick one up at the Altamira Investment Centre nearest you. For existing clients, contact an Altamira Advisor.
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.

Important

The Altamira SMART (Systematic Maximum Allocation of Returns) Note is being issued by the National Bank of Canada and is a principal-protected investment redeemable at maturity. Any change in the return of the reference portfolios, which correspond to a change in the return of the underlying assets, will have a direct impact on the return payable. It is possible that no return will be paid. An investment in the Note is subject to a number of risk factors. The complete information related to this issue of the Notes is included in the Information Statement which is available upon request and will be sent to investors. Potential purchasers should consult the Information Statement before investing in the Notes.

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