Benefit from the security of a Guaranteed Investment Certificate (GIC) along with the potential to earn a higher interest based on the performance of stocks or market indices with a Market-Linked GIC*.
Market-Linked GIC (MLGIC)*
- Enjoy the peace of mind of worry-free investment – knowing your principal is protected at maturity
- Gain the opportunity to earn a return linked to an equity investment without risking your original deposit
MLGIC is not a conventional fixed income investment and is not suitable for all types of investors. An investment in an MLGIC is subject to several risk factors. Please consult the relevant Information Statement2 before investing.
Is a Market-Linked GIC right for you?
- Prefer principal investment guaranteed at maturity
- Want the growth potential to earn higher interest based on the performance of the selected market
- Willing to lock-in the investment for the selected term
Benefit from the market’s upside without risking your original investment with Market-Linked GIC.
New Issues will be announced upon release and will only be available for purchase during each sales period.
There are no new MLGICs planned for sale after November 8, 2023, at this time. When a new MLGIC is ready for sale, it will be announced in the Sales Period table.
Features and benefits

An opportunity to beat inflation
MLGIC offers the potential for higher returns than a traditional GIC which may help you stay ahead of inflation

Higher interest potential than a traditional GIC
The interest rate is linked to the performance of the selected underlying market or sector so you can benefit from market opportunities
Important things to know
Distributed by |
Issuer | Account Type |
Access to funds | Available Terms† | Renewal |
Offering |
---|---|---|---|---|---|---|
HSBC Investment Funds (Canada) Inc. (“HIFC”) |
National Bank of Canada | Non-registered, RRSP/LIRA, RRIF/LIF, RESP, TFSA |
May be sold prior to maturity* | 3 and 5 years | You can’t auto-renew your MLGIC when it matures, but you can invest in a new one. Please speak with us for available choices. | To learn more about MLGICs distributed by HIFC, please review the Client Summary and Information Statement2 |
Distributed by |
HSBC Investment Funds (Canada) Inc. (“HIFC”) |
---|---|
Issuer | National Bank of Canada |
Account Type |
Non-registered, RRSP/LIRA, RRIF/LIF, RESP, TFSA |
Access to funds | May be sold prior to maturity* |
Available Terms† | 3 and 5 years |
Renewal |
You can’t auto-renew your MLGIC when it matures, but you can invest in a new one. Please speak with us for available choices. |
Offering |
To learn more about MLGICs distributed by HIFC, please review the Client Summary and Information Statement2 |
*Some Market-Linked GICs can be sold prior to maturity at its market value. Exercising this option may impact performance and incur an Early Trading Charge, which could result in you receiving less than your original investment. Please speak with your mutual fund representative before exercising this option. Cashing the MLGIC prior to maturity should be reserved for unexpected events.
How to invest during an offer period (subject to availability – refer to Sales Periods table for details)
New to investing at HSBC?
Meet with a mutual fund representative to discuss your needs and investment options
Or call 1-888-310-4722
Already have an HSBC Investment Funds account?
Or call 1-800-830-8888 to speak with our mutual fund representatives.