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​​Market-linked GIC


Higher returns without risking your principal

Market-linked GICs are investment solutions designed to let you take advantage of attractive return potential. They offer 100% principal protection and the opportunity for higher returns as their performance is linked to the stock markets.

Up your game with a product that can provide market returns but is secure and simple for your peace of mind.


Take a look at some of the features


Principal is 100% guaranteed at maturity

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Market-linked GICs can provide a higher return than a fixed-rate term investment

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No monitoring is needed

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No management fees to calculate or deduct from returns

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Eligible for non-registered and registered savings plans (RRSP and TFSA)

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Covered by the Financial Services Regulatory Authority of Ontario (FSRA)

This product may suit members who

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Have a low risk tolerance and seek capital protection

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Want to look for growth potential without risking principal

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Wish to diversify their portfolios

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Have an investment horizon of three years or longer

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Don't plan to make a withdrawal prior to maturity

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Don’t want to spend too much time managing their finances

Frequently asked questions

At maturity, your principal and any return earned, will be deposited into the account you designated at the time of purchase.

The terms and conditions of this product do not provide the option of redeeming this investment before maturity.

Return is calculated based on the variation in the benchmark prices between the issue date and the maturity date, up to the maximum cumulative return indicated on your purchase agreement. For full details on how to calculate the return, please refer to the Market-linked GIC terms and conditions. Many of the companies in the reference basket pay out dividends.

No, the Market-linked GIC is intended to mimic the performance of the reference basket but the securities in the reference basket are not being purchased. As a result, at maturity you have 100% principal protection, and a return that can vary from 0% to the maximum cumulative return, as determined by the variation in price of the securities, but no dividends or other distributions that some companies may payout to their shareholders.

If a market event were to occur, such as a merger or stock split, the securities in the basket could change. If a security in the basket changes, the calculation of the return would be based on the new security and not the original one.

Market-linked GIC product details

FirstOntario’s Market-linked GICs are designed to mimic the performance of a group of recognized companies across a variety of economic sectors while our Global Market-Linked GIC also diversifies across a variety of countries.

3-Year Canadian*

up to

5-Year Canadian*

up to

3-Year Global*

up to

5-Year Global*

up to

For information on the performance of FirstOntario's Market-linked GICs, take a look at our Canadian MLGIC Quarterly Current Value Report and our Global MLGIC Quarterly Current Value report.

Need more details?

Connect with our Member Service Centre.

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*Maximum annual compound rate of return. Rates and terms are subject to change without notice. Returns are based on the performance of the securities of the companies outlined above and could be nil at maturity. The principal amount of a Market-Linked GIC is guaranteed and is repayable upon maturity. Market-Linked GICs are non-redeemable. Terms and conditions for Market -Linked GICs are included with your Market-Linked GIC purchase agreement and are also available at any FirstOntario branch.