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SPARK 5 Year Market-Linked Term Deposit

Looking for potential higher returns, but don't want to risk your principal?

The SPARK 5 Year Market-Linked Term Deposit might be right for you! Your return on your investment is linked to the performance of the S&P/TSX 60 Price Index.* You can earn as much as 40%, without risking your initial investment.
How does the SPARK 5 Year Market-Linked Term Deposit work? It's easy.

  • We invest your money at a fixed start date. This determines your "strike price".
  • The return on your deposit will be calculated as the percentage rate of average stock price change in the S&P/TSX 60, using the following values:
    • The change in the closing level of the index on start date; and
    • The arithmetic mean of the official closing price of the index on three averaging dates

If the market goes up above the initial starting value, you could earn a return up to 40%.*

Product Highlights at a Glance:

  • Earn up to 40%*
  • $1000 minimum deposit 
  • Return is based on the performance of the S&P/TSX 60 Price Index (not including dividends)
  • 100% Deposit Guarantee†
  • No administrative or sales fees
  • Broad diversification, without market risk
Want to find out if this product is a right fit? Contact us now! This product is available until March 3, 2020.
* This is the maximum potential cumulative interest rate over the entire term of the product. At maturity, the interest rate to be earned will be calculated based on the price performance of the underlying basket of shares. There is no minimum interest rate guarantee. Please refer to the Performance Product contract for complete terms and conditions and speak to a SPARK Financial Advisor to see if this product is right for you.
† All SPARK deposits, inculding principal and interest are 100% guaranteed by the Credit Union Deposit Guarantee Corporation. This means both the money you put in and the interest earned are safe and secure. This guarantee excluses common shares, investments shares, and mutual funds. All rates and products are subject to change without notice. Market-linked products are guaranteedfor only the amount of the member's principal investment. Returns, if any, are not insured unless the market-linked product has reached its maturity date.