Canadian Financial Services Guaranteed Return
Product Information
Alterna’s MarketTracer Term Deposit - Canadian Financial Services Guaranteed Return is similar to a regular term deposit, but the return is based on the performance of eight major Canadian financial institutions. That means you can participate in the performance of the Canadian financial services market while guaranteeing 100% of your principal investment. On top of it all you receive a guaranteed minimum return paid annually!
Product Fact Sheet (PDF)
Take a look at our current Canadian Financial Services Guaranteed Return Performance (PDF)
For more information or to invest in the Alterna MarketTracer Term Deposit - Canadian Financial Services Guaranteed Return contact us today.
The eight major financial institutions and weightings of the Canadian Financial Services Guaranteed Return are provided below.
• Guaranteed Minimum Return: No matter what happens in the market you’ll receive a minimum return paid annually, guaranteed!
• Growth Potential: Higher return potential based on the performance of some of the largest financial institutions in Canada
• Diversification: Participation in the performance of eight Canadian financial institutions
• Peace of mind: Guaranteed principal, no risk to your initial investment
Alterna’s MarketTracer Term Deposit - Canadian Financial Services Guaranteed Return at a glance
>| Sales Period: | July 30,2018 to September 22, 2018 | ||
| Index | Equal weighting of eight major Canadian financial institutions | ||
| Term (non-redeemable) | 3 Year | 5 Year | |
| Minimum Investment | $500 | $500 | |
| Principal Guaranteed | Yes | Yes | |
| Guaranteed Annual Return | 1.00% | 1.40% | |
| Guaranteed Cumulative Appreciation | 3.00% | 7.00% | |
| Maximum Cumulative Appreciation | 9.00% | 19.00% | |
| Market Participation | 100% | 100% | |
| Plan Eligibility | RRSP and TFSA | RRSP and TFSA | |
| DICO Eligible | Yes | Yes | |
* 3.00% refers to the minimum cumulative return of the 3 year term (1.00% guaranteed annual return). 9.00% refers to the maximum cumulative return possible on the 3 year term. 7.00% refers to the minimum cumulative return of the 5 year term (1.40% guaranteed annual return). 19.00% refers to the maximum cumulative return possible on the 5 year term. Minimum investment $500. Rate subject to change without notice. See in branch for details.
Alterna’s MarketTracer Term Deposit - Canadian Financial Services Guaranteed Return is right for you if you:
- Are looking for the potential to earn higher returns associated with the performance of eight major Canadian financial institutions
- Want to diversify your investment portfolio
- Want peace of mind knowing your principal is protected
- Will not need access to your funds during the term of the investment
For more information or to invest in the Alterna MarketTracer Term Deposit - Canadian Financial Services Guaranteed Return contact us today.
Alterna refers Alterna Savings and Credit Union Ltd (operating as Alterna Savings)
Alterna Savings is a member of the Deposit Insurance Corporation of Ontario.
Calculations
Return Calculation and Example
Principal: The amount of the Initial Deposit
CP²: The average closing price of each security on April xx, 2018, May xx, 2018 and June xx, 2018 (or the following business day if no reading takes place on this security on any of these dates).
CP¹: The price of each security at closing on June xx, 2015 (or the following business day if no reading takes place on this security on this date).
S1 to S8: Each one of the eight (8) securities listed below.
100%: The rate of participation in the growth of the basket of securities.
Example of Return Calculation at Maturity (3-year term)
