Market-Linked GIC Investments

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Market-Linked GIC Investments

Market-Linked GICs (MLGIC) offer you the security of a Guaranteed Investment Certificate (GIC) and the potential to earn a higher interest based on the performance of stocks or selected benchmarks.

Market-Linked GIC

Enjoy the peace of mind of worry-free investment
Relax knowing your principal is protected
Gain the opportunity to earn a return linked to an equity investment without risking your original deposit

Minimum investment $500
Interest calculated and paid at the maturity date
Variable interest based on the performance of the underlying market
Eligible for CDIC Insurance¹

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 a number of risk factors. Please consult the relevant Information Statement 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 as released and only available during each sales period.

Find out more

Features and benefits

Peace of mind

100% principal protected at maturity even if markets are down

Higher potential return

Benefit from market opportunities

No fees

No fees* to invest in an MLGIC

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, TFSA	Only at 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 visit https://nbcstructuredsolutions.ca/HSBC


Distributed by	HSBC Investment Funds (Canada) Inc. (“HIFC”)
Issuer	National Bank of Canada
Account Type	Non-registered, RRSP/LIRA, TFSA
Access to funds	Only at 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 visit https://nbcstructuredsolutions.ca/HSBC

Sales Period


Next Issue	Offer Period	Issue Date
Selling Period 2	Jan 5th - Feb 1st	Feb 8th, 2023
Selling Period 3	Feb 2nd - Mar 1st	Mar 8th, 2023
Selling Period 4	Mar 2nd - Mar 29th	Apr 5th, 2023
Selling Period 5	Mar 30th - Apr 26th	May 3rd, 2023
Selling Period 6	Apr 27th - May 24th	May 31st, 2023
Selling Period 7	May 25th - Jun 21st	Jun 28th, 2023


Next Issue	Selling Period 2
Offer Period	Jan 5th - Feb 1st
Issue Date	Feb 8th, 2023

Next Issue	Selling Period 3
Offer Period	Feb 2nd - Mar 1st
Issue Date	Mar 8th, 2023

Next Issue	Selling Period 4
Offer Period	Mar 2nd - Mar 29th
Issue Date	Apr 5th, 2023

Next Issue	Selling Period 5
Offer Period	Mar 30th - Apr 26th
Issue Date	May 3rd, 2023

Next Issue	Selling Period 6
Offer Period	Apr 27th - May 24th
Issue Date	May 31st, 2023

Next Issue	Selling Period 7
Offer Period	May 25th - Jun 21st
Issue Date	Jun 28th, 2023

How to invest during an offer period

New to investing at HSBC?

Meet with an HSBC Representative to discuss your needs and investment options

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Or call 1-888-310-4722

Already have an HSBC Investment Funds account?

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Or call 1-800-830-8888 to speak with an HSBC Mutual Fund Advisor.

Apply at a branch

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Frequently Asked Questions

General Questions

MLGIC is distributed by HSBC Investment Funds (Canada) Inc. (“HIFC”); therefore, you will need to open and be approved for a mutual fund account to access any products that are distributed by HIFC.

HIFC is a distributor of MLGIC. The 100% principal protection at maturity is provided by the issuer. National Bank of Canada is the issuer and guarantees your full principal amount at maturity.

Yes. Please refer to the Canada Deposit Insurance Corporation (CDIC) website for more information on how your investments are protected.

MLGIC is offered under a fixed schedule. To purchase an upcoming issue, you must purchase your MLGIC during the offer period. Once the period is closed, the MLGIC will be issued, generally, one week later. Details of each certificate can be found at MLGIC distributed by HIFC and on the Information Statement.

Performance

National Bank of Canada provides product information and daily performance updates to all the MLGICs distributed by HIFC.

Please visit MLGIC distributed by HIFC.

The return on the product is based on the performance of the underlying market. If the level of the underlying market is lower on the valuation date than its level on the issue date, a variable interest will not be paid because the underlying market’s return is negative. However, the principal amount will be fully repaid at maturity.

MLGIC distributed by HIFC does not have any sales or management fees payable by the investor. Please visit MLGIC distributed by HIFC for details.

The funds delivered prior to the issue date may earn interest during the offer period. This interest is paid in additional units. Please refer to your Information Statement for the current applicable rate, if any.

Note: any interest earned before the product is issued in a non-registered account would be taxable interest in the year paid.

Taxation

If you hold a non-registered account, any interest paid to you will be taxed as regular interest income in the year in which it is earned.

If the MLGIC has a minimum guaranteed interest, the accrued portion would be taxed annually as regular interest like a fixed-rate GIC.

If there is a minimum interest rate it will be accrued annually for non-registered accounts and issued a T5 slip on every anniversary date.

In general, investors receive interest earned, if any, at maturity. You will receive a T5 slip for interest income.

If you hold the product in a registered account, you will not be taxed on any interest payment.

Please consult your tax specialist with respect to your situation.

National Bank of Canada is responsible for delivering NR4, T5 and T5008 slips on non-registered accounts.

HIFC will continue to be responsible for contribution slips on registered accounts.

Liquidity

Unless otherwise stated as a feature in the relevant Information Statement, your MLGIC is non-redeemable prior to maturity, except in the case of the death of the MLGIC holder.

Your MLGIC can either be transferred in-kind to the estate or redeemed at par value in full or partially, depending on the instructions of the succession.

Published by HSBC Investment Funds (Canada) Inc. (“HIFC”)

HIFC is a direct subsidiary of HSBC Global Asset Management (Canada) Limited (“AMCA”) and an indirect subsidiary of HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward Island. AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada.

Market-Linked GIC (MLGIC) is distributed through HSBC Investment Funds (Canada) Inc. but is issued by a third party. MLGIC is available for specific HSBC Investment Fund (Canada) Inc. account types: non-registered accounts, Locked-In Retirement Account (LIRA), Registered Retirement Saving Plan (RRSP) and Tax-Free Savings Account (TFSA).

^†The MLGIC details:

• 3-year and 5-year MLGIC is generally non-redeemable unless otherwise indicated
• The duration will be static and not change from issue to issue:

• 3 years for Bank MLGIC, and

• 5 years for Canadian and US market MLGIC

• Variable interest payment is subject to positive performance of the underlying market. The “starting point” (or initial value) to calculate performance may change with each issue. The performance on a MLGIC is also dependent on any participation rate, interest rate cap or guaranteed minimum interest rate, or a combination of these.

• Variable interest (if earned) is not compounded, and is paid on the maturity date according to the terms in the relevant Information Statement. If there is a minimum interest rate it will be accrued annually for non-registered accounts and issued a T5 slip on every anniversary date.

• MLGIC is not redeemable prior to the maturity date, except in case of death. In such a case, only the principal will be returned and no interest will be paid.

• Please review the Market-Linked GIC Information Statement for complete details

All products and services of HIFC are only available for sale to residents of Canada unless the laws of a foreign jurisdiction permit sales to its residents. Please contact your HSBC Mutual Fund Advisor for more details. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.

The content on this page is provided for informational purposes only. It is not intended to provide legal, accounting, tax investment, financial or other advice and such information should not be relied upon for such purpose. Please consult your tax advisor to find out which strategies suit your tax situation. HSBC makes no guarantee, representation, or warranty and accepts no responsibility or liability as to the tax treatment of these accounts or contributions to these accounts.

This site may provide external links that give you access to HSBC websites located in Canada and other countries. If you enter a website outside of Canada, you are advised that it may not be legal in that jurisdiction for you to use the facilities available on that website and the legal requirements of that jurisdiction may prohibit you from dealing in that jurisdiction. If you access a jurisdiction in which you are not resident, you do so at your own risk, and HSBC Group will not be liable for any breach of local law or regulation that you may commit because of using and accessing a website in a country in which you are not resident.

¹ Canadian Deposit Insurance Corporation

Third party Market-Linked GIC distributed by HIFC may be eligible, up to a certain dollar amount, for insurance under the Canada Deposit Insurance Corporation Act (CDIC) with the issuing bank. Learn more about CDIC and how CDIC Deposit Insurance works:

• Visit https://www.cdic.ca/your-coverage/protecting-your-deposit/

• Read "Protecting Your Deposits." Visit CDIC to download a copy.

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Market-Linked GIC Investments