Laurentian Bank introducing three superior investment products



    MONTREAL, Nov. 27 /CNW Telbec/ - Laurentian Bank is launching three
innovative investment products today under the ActionGIC banner: Income
ActionGIC(1), Blue Chip ActionGIC(2) and Global Growth ActionGIC(3). The
Laurentian Bank ActionGICs differ from traditional GICs in that they offer a
higher yield potential because their performance is based on that of the
equities they contain. And, as with traditional GICs, the investor's capital
is protected.

    Income ActionGIC

    The Income ActionGIC is a safe investment vehicle with unlimited
performance potential. Exceptionally, up until January 29, 2008, it offers a
minimum guaranteed return of 12% over 5 years, in addition to guaranteeing the
capital invested. The performance of this investment vehicle is based on a
portfolio of securities of major Canadian businesses traded on the Toronto
Stock Exchange, plus trust units and obligations. These businesses have a
dominant position in various sectors, including finance, consumer products and
telecommunications. This investment product is especially suited to investors
wishing to take advantage of the Canadian market's stock market growth and
enjoy a guaranteed minimum return.

    Blue Chip ActionGIC

    The Blue Chip ActionGIC performance is based on a basket of equities of
well-established Canadian companies known for their financial stability, such
as Manulife Financial, Rogers Communications and Tim Hortons. These companies
are an integral part of the Canadian economy with operations in diverse
sectors. With its three-year term, the ActionGIC offers a performance
potential superior to traditional GICs, while guaranteeing the initial
investment amount.

    Global Growth ActionGIC

    The yield of the Global Growth ActionGIC is based on the performance of a
portfolio of multinational equities actively traded in emerging economies,
such as the buoyant economies of countries like Brazil, Russia, India and
China. This ActionGIC offers the possibility of investing on an international
scale without incurring risk, while also enjoying a high return potential over
five years. It is particularly suited to investors interested in geographical
diversification who wish to take advantage of the growth of emerging
economies, safe in the knowledge that their capital is guaranteed.

    Safe diversification with high return potential

    Given the growing number of companies making up the reference portfolios,
the geographical diversification and the variety of sectors of activity,
ActionGICs provide investors with an even larger spectrum of performance
potential.
    These three series of guaranteed investment certificates constitute safe
investment vehicles, eligible for RSPs and RIFFs and likely to offer higher
potential yield. The new ActionGICs are available starting today in all
Laurentian Bank branches and through www.laurentianbank.ca .

    About Laurentian Bank

    Laurentian Bank of Canada is a Quebec banking institution operating
across Canada, dedicated to meeting the financial needs of its clients through
excellent service, simplicity and proximity. The Bank serves individual
consumers, and small or medium-sized businesses, as well as independent
advisors through B2B Trust. It also provides full-service brokerage solutions
through the Laurentian Bank Securities subsidiary. Laurentian Bank is well
established in the Province of Quebec, operating the third-largest retail
branch network, and is a major player in specific market segments elsewhere in
the country. Laurentian Bank of Canada has over $18 billion in balance sheet
assets and more than $15 billion in assets under administration. Founded in
1846, the Bank employs 3,400 people. Its common shares are listed on the
Toronto Stock Exchange (TSX: LB). For more information, please visit
www.laurentianbank.ca.

    
    ------------------------
    1. The ultimate rate of return of a Laurentian Bank Income ActionGIC is
       calculated based on the performance of the benchmark index between the
       issue date and five days before the maturity date. Because the rate of
       return will depend on the performance of the benchmark index,
       comprised of a portfolio of Canadian securities, trust units and
       bonds, any variation in the benchmark index will have a direct
       influence on the interest payable (meaning on accrued interest above
       and beyond the guaranteed minimum return). If the ultimate return is
       negative or nil, the investment is fully guaranteed and returned at
       maturity along with the guaranteed minimum return. If the ultimate
       return is positive, the principal and guaranteed minimum return (paid
       out as interest), as well as the accrued interest above the guaranteed
       minimum return, after deduction of some portfolio management fees, is
       paid only at maturity, since the result is not known until that
       moment. Details on this investment product are available at Laurentian
       Bank branches. Enquire with an advisor.

    2. The ultimate rate of return of a Laurentian Bank Blue Chip ActionGIC
       is calculated based on the performance of the benchmark index between
       the issue date and five days before the maturity date. Because the
       rate of return will depend on the performance of the benchmark index
       comprised of securities, any variation in the benchmark index will
       have a direct influence on the interest payable. If the ultimate
       return is negative or nil, the investment is fully guaranteed and
       returned at maturity, and no interest shall be paid out. If the total
       return obtained is positive, the principal and interest shall be paid
       upon investment maturity, up to the maximum predetermined rate of
       return. Because the return of this product is tied to the performance
       of a reference index, it's impossible to predict future return.
       Details on this investment product are available at Laurentian Bank
       branches. Enquire with an advisor.

    3. The ultimate rate of return of a Laurentian Bank Global Growth
       ActionGIC is calculated based on the performance of the benchmark
       index between the issue date and five days before the maturity date.
       Because the rate of return will depend on the performance of the
       benchmark index comprised of securities, any variation in the
       benchmark index will have a direct influence on the interest payable.
       If the ultimate return is negative or nil, the investment is fully
       guaranteed and returned at maturity, and no interest shall be paid
       out. If the total return obtained is positive, the principal and
       interest shall be paid upon investment maturity, up to the maximum
       predetermined rate of return. Because the return of this product is
       tied to the performance of a reference index, it's impossible to
       predict future return. Details on this investment product are
       available at Laurentian Bank branches. Enquire with an advisor.
    




For further information:

For further information: Nora Bouikni, Public Relations Advisor, Office:
(514) 284-4500, extension 6379, nora.bouikni@laurentianbank.ca

Organization Profile

Laurentian Bank of Canada

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890