LBC: Laurentian Bank of Canada
LBCFS: LBC Financial Services Inc.
These products are eligible for deposit insurance from the Canadian Deposit Insurance Corporation (CDIC) up to the maximum limit for coverage from the CDIC and subject to applicable conditions.
Current minimum guaranteed return for the Canadian Sustainability ActionGIC. A return is not guaranteed and may be nil at maturity and if applicable, may be subject to either a minimum or maximum rate of return, which is determined and disclosed to you prior to the issuance. Your actual rate of return is contingent upon the performance of the reference index. As applicable, the rate of return is non-compounding over the term of the ActionGIC and calculated solely on the initial investment, which along with the applicable rate of return, is paid at maturity. The minimum and maximum rate of return may vary between issuances. The posted rate corresponds to the maximum rate AND MINIMUM RATE OF RETURN. The final rate of return of a Laurentian Bank ActionGIC is calculated based on the performance of the reference index between the issue date and the maturity date of the investment. If applicable, the rate of return is subject to the maximum and minimum rate of return. The value at maturity is obtained by calculating the average value of the index at closing, on the three dates for the calculation of the reference index as specified in the purchase agreement. The final return of the reference index is determined by calculating the sum of the return for each share in the reference index during the period divided by the number of shares making up the reference index. Since the rate of return of this investment depends on the performance of a reference index comprised of securities, any fluctuations in the reference index will affect the investment’s final rate of return and if applicable, will determine if a maximum or minimum rate of return will apply. Past performance is not an indicator of future performance. This investment is eligible for a non-registered or a registered plan such as an RRSP, RRIF or TFSA. A minimum investment of $500 is required. This product is eligible for deposit insurance from the Canadian Deposit Insurance Corporation (CDIC) up to the maximum limit for coverage from the CDIC and subject to applicable conditions. Laurentian Bank of Canada, Laurentian Trust of Canada Inc, LBC Trust are members of the CDIC. The terms and conditions of this product are available at the branch. Laurentian Bank of Canada reserves the right to modify, suspend or withdraw this offer at any time without notice. If applicable, since the ActionGIC is issued on a fixed date following an initial subscription period, any amount received before the issue date of this product will be invested in a short-term GIC (“Pending ActionGIC”) before the final issuance of the ActionGIC. The principal and any interest earned (annual fixed, simple interest, calculated daily) during this period will be automatically added at maturity of the Pending ActionGIC to the investment of the ActionGIC.
Mutual funds are distributed by LBC Financial Services Inc. (“LBCFS”), a wholly-owned subsidiary of Laurentian Bank of Canada (“Laurentian Bank”). LBCFS is a legal entity distinct from Laurentian Bank, B2B Trustco, Mackenzie Financial Corporation (Mackenzie Investments), and from all other issuer or mutual fund companies whose products it distributes. Each licensed LBCFS representative is also a Laurentian Bank of Canada employee. The liability of LBCFS is limited to the conduct of its representatives in the performance of their duties for LBCFS. Important information is contained in the relevant fund facts. We ask that you read this document or these documents carefully prior to investing. For more information with regards to the funds traded, please refer to the funds simplified prospectus. To obtain your copy of the fund facts and/or simplified prospectus concerning the fund or funds you have chosen, please contact an LBCFS representative at the Bank branch. Investing in a mutual fund (“fund”) may result in sales and trailing commissions, management fees, administration fees and other fees. The funds available through LBCFS are not insured by the Canada Deposit Insurance Corporation, Canadian securities regulators, or any other public deposit insurer. In addition, mutual funds are not guaranteed in whole or in part by Laurentian Bank, B2B Trustco, or any other entity. There is no guarantee that a fund will maintain a constant value per unit, or that you will recover the full amount invested in a fund. Funds often fluctuate in value, and past performance is not an indicator of future performance.