Rbc equity linked gic calculator

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To calculate your variable return payment, multiply the principal by the variable return. If the variable return is below the minimum return, adjust it upwards to the minimum return set out at the time of purchase. If the variable return is above the maximum return, adjust it downwards to the maximum return set at the time of purchase. Calculation Sample. If after five years, the Index Settlement Level is 1,, then your variable return payment would be calculated as:.

Rbc equity linked gic calculator

Choose a GIC with a guaranteed minimum return and associated maximum return—or one with no guaranteed minimum return and unlimited return potential. In this scenario, the increase is above the minimum and below the maximum. Get an indication of the current value of your GIC 1. Menu list Articles list Location list Contact list. Select Destination. Select Region Canada. Select Language English French. Contact Menu. Select Category:. The Right Choice If You. Want the growth potential of U. Need a guaranteed minimum return and the potential for higher earnings Will not need regular income from your investment Compare GICs.

Investment Date:. However, if you answered no to one or more questions, rbc equity linked gic calculator, a more traditional GIC may be a better option. For tax purposes, any gains on a market-linked GIC are considered interest income as opposed to capital gains; this tax treatment is different than holding the equity products outright but the same as holding a GIC.

While, the actual return cannot be calculated prior to the maturity of your RBC Equity-Linked GIC and will likely differ from the return as provided by the calculator, this tool can give you an approximate idea of your equity-linked GIC's likely performance. How returns are calculated opens modal window. Calculate Return Value. Based on the purchase date of January 22, , your estimated variable rate of return is: 1. Note that the Current Index Level used in this calculation is based on the average of the latest month-end reference index values up to a maximum of 12 months. Based on the purchase date of January 22, , your GIC will mature on approximately January 22, For indication purposes only, the variable rate of return is: 1.

While, the actual return cannot be calculated prior to the maturity of your RBC Equity-Linked GIC and will likely differ from the return as provided by the calculator, this tool can give you an approximate idea of your equity-linked GIC's likely performance. How returns are calculated opens modal window. Calculate Return Value. Based on the purchase date of January 22, , your estimated variable rate of return is: 1. Note that the Current Index Level used in this calculation is based on the average of the latest month-end reference index values up to a maximum of 12 months. Based on the purchase date of January 22, , your GIC will mature on approximately January 22, For indication purposes only, the variable rate of return is: 1. Based on the purchase date of January 22, , you will be eligible to early lock-in on January 22, For indication purposes only, based on the average of the latest month-end index values up to a maximum of 12 months , the variable rate of return is: 1.

Rbc equity linked gic calculator

Choose a GIC with a guaranteed minimum return and associated maximum return—or one with no guaranteed minimum return and unlimited return potential. In this scenario, the increase is above the minimum and below the maximum. Get an indication of the current value of your GIC 1. Menu list Articles list Location list Contact list. Select Destination. Select Region Canada.

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The lock-in option allows you to take your return on the 2-year anniversary. Reference portfolios can change. This helps to even out the impact of market highs and lows. Based on the following information: Index Base Level from the date of purchase as indicated on your GIC Investment Confirmation, if applicable Participation Factor or minimum and maximum rates as indicated on your GIC Investment Confirmation, if applicable Latest applicable index value. Contact Menu. Summary Based on the purchase date of January 22, , your estimated variable rate of return is: 1. Eligible for personal balances including new purchases and renewals. To Top Text size:. GICs typically guarantee that you will retain your entire principal investment but may offer a lower return than other investment options, like individual stocks or index funds. Market-Linked GIC rates shown above are based on minimum and maximum cumulative interest for the full term and are current as of August Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the Calculator and will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision you make in reliance on any information or results. Up to 4. In essence, the appeal of a market-linked GIC is that it comes with deposit insurance up to the eligible limits, and with the possibility of reaping the upside returns of the equity market.

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Interest rate calculated on a per annum basis. Choose a GIC with a guaranteed minimum return and associated maximum return—or one with no guaranteed minimum return and unlimited return potential. Market-linked GICs generally underperform when compared to investing in the stock market as a whole. NOTE: Return and value calculated are based on the closing value of the equity index linked to your deposit for the business day preceding maturity date. Telephone purchasers who have not received a written copy of the RBC Canadian Utilities Market Smart GIC Special Conditions and fact sheet prior to purchase will have the opportunity to cancel this investment purchase within two days of the day the written information on the investment is provided by calling or visiting your branch. Market-linked GICs are a good choice for people who want to invest in the stock market but are risk-averse, yet want the possibility of higher returns than a fixed-rate GIC. Legend: The blue graph line displays the performance of the underlying index. Posted rate: 3. Market-linked GICs usually have a minimum and maximum return. This index, which is widely quoted, measures the stock performance of some of the largest companies in Canada. Participation Factor Participation Factor The percentage at which the GIC will participate in the returns of the index or fund; it is set at the time of purchase and depends on market conditions. In this case, the ISL used in the calculation will be the actual index level on the business day following the anniversary day or second business day for Global Market-Linked GIC. The same logic would apply if the share prices of the companies within the basket drop.