Market-linked GICs are a sort of hybrid investment vehicle: part GIC, part stock market investment. A portion of the money you invest is used to guarantee the initial principal at maturity — it is a fixed income investment. Another portion of the amount invested is invested in the stock market. This can be linked to economic sectors or geographic regions. Market-linked GICs usually have a theme to them, such as focusing on an industry, exclusively national, international, emerging-market stocks, or more recently, responsible investing.

Unlike a traditional GIC, a market-linked GIC is tied to a particular stock market index - like financial, healthcare or insurance services - which gives the investor an opportunity to benefit from market gains to a limited maximum.

The basket of securities is linked to 8 equally weighted major Canadian financial & insurance institutions.

Historical returns provided are for informational purposes, past performance is not indicative of future returns.

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You could experience a higher than usual interest rate payment on the maturity date of a winwin® term depending on the final index performance. In the final year, the interest rate paid would be the difference between the final rate of return minus the minimum rate already paid. Please seek independent tax advice as required for your unique financial situation.