Laurentian Bank: Laurentian Bank of Canada.
LBCFS: LBC Financial Services Inc.
GIC: Guaranteed Investment Certificate
Existing investment accounts are offered by Laurentian Bank of Canada or LBC Financial Services Inc. LBCFS is a wholly owned subsidiary of Laurentian Bank and a separate legal entity from Laurentian Bank, B2B Trustco and all other issuers or mutual fund companies whose products it distributes. Newly opened investment accounts will be offered by LBCFS. Every Laurentian Bank advisor is also a licensed LBCFS mutual fund representative. LBCFS’s liability is limited to the conduct of its representatives in the performance of their duties for LBCFS.
The return is not guaranteed and may be nil at maturity. The posted rate corresponds to the maximum rate of return. The maximum rate of return for the duration of the investment is 42% for the Blue Chip 3-year term. The maximum rate of return for the duration of the investment is 100% for the Canadian Sustainability ActionGIC 4-year term. The maximum rate of return for the duration of the investment is unlimited for the Blue Chip ActionGIC 5-year term. 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. 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. 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. The terms and conditions of this product are available at the branch. For more information, please contact an advisor. The Laurentian Bank reserves the right to modify, suspend or withdraw this offer at any time without notice.
If the ultimate return obtained is negative or nil, the investment is fully guaranteed and returned at maturity, and no interest shall be paid out. If the ultimate return obtained is positive, the principal and interest shall be paid upon investment maturity, up to the maximum predetermined rate of return. Some conditions apply. Please contact an advisor for more details.
The investor is provided within 2 business days between the purchase date and the issue date of the ActionGIC to cancel the investment. Investments are not redeemable before maturity. ActionGICs will not be listed on any securities exchange. No secondary market will be provided. ActionGICs are only redeemable before maturity in the event of your death or as otherwise permitted by law. In the event the ActionGIC is redeemed before maturity, your principal shall be reimbursed; however, no interest shall be paid. The Laurentian Bank ActionGIC is non-cashable prior to maturity under the Home Buyer’s Plan (HBP) or the Lifelong Learning Plan (LLP).