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Canadian Financial Services Guaranteed Return
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!
For more information or to invest in the Alterna MarketTracer® Term Deposit - Canadian Financial Services Guaranteed Return, contact us.
The eight major financial institutions and weightings of the Canadian Financial Services Guaranteed Return are provided below.
Bank of Montreal
Canadian Imperial Bank of Commerce
Intact Financial Corporation
Manulife Financial Corporation
National Bank of Canada
Royal Bank of Canada
Sun Life Financial Inc.
The Toronto-Dominion Bank
Alterna’s MarketTracer® Term Deposit - Canadian Financial Services Guaranteed Return at a glance
November 22, 2022 to January 23, 2023
Equal weighting of eight major Canadian financial institutions
Guaranteed Annual Return
Guaranteed Cumulative Appreciation
Maximum Cumulative Appreciation
RRSP and TFSA
RRSP and TFSA
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
- 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
Return Calculation and Example
Example of Return Calculation at Maturity (3-year term)
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.
Alterna refers Alterna Savings and Credit Union Limited (operating as Alterna Savings).
*3.00% refers to the minimum cumulative return of the 3 Year Term (1.00% guaranteed annual return). 25.00% refers to the maximum cumulative return possible on the 3 Year term. 6.50% refers to the minimum cumulative return of the 5 Year term (1.30% guaranteed annual return). 65.00% 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.
Insurable deposits covered by the Financial Services Regulatory Authority of Ontario (FSRA).
At Alterna Savings Credit Union, insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage.
For further information on deposit insurance, please ask for a brochure at the credit union or visit FSRA’s website at www.fsrao.ca.
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