To calculate your variable return payment, multiply the principal by the variable return.

'Minimum Return' means the minimum return, expressed as a percentage rate per term, that we set for a Variable Return on the investment dateįormula used to calculate your variable return payment:.'Maximum Return' means the maximum return, expressed as a percentage rate per term, that we set for a Variable Return on the investment date.Index Base Level (IBL): is the closing level for the equity index linked to your deposit, on the business day following the investment date.Index Settlement Level (ISL): is the closing level for the equity index linked to your deposit, for the business day preceding the maturity date.RBC Equity-Linked GICs - How returns are calculated RBC Market Smart GICs linked to an index - Guaranteed Minimum Returnįactors to be considered for the variable return payment calculation: 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. The approximate current value is provided for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be The RBC Equity-Linked GICs Return Calculator ('Calculator') provides an approximate current value of your RBC equity-linked GIC based in part on the accuracy and completeness of the information you have provided. Note: This calculator should not be used to provide an indication of the lock-in return Disclaimer3 The return is paid out on the early lock-in date, but your principal investment is retained until maturity.The actual return on early lock-in date may differ.You must advise the branch by the early lock-in date.If you exercise the early lock-in option Disclaimer3 (for Market-Linked GICs - Unlimited Return Potential only): The actual return at maturity may differ, as the calculation will be based on the average of the final 12 month-end index closing levels prior to your maturity.Effective September 25, 2021, the early Return Lock-in feature will no longer be available for new purchases of our Canadian Market-Linked GIC.

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