Épargne Placements Québec

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They are sold from {{produits[5].Data[0].DateDebutVente | datestr}} to {{produits[5].Data[0].DateFinVente | datestr}}

When you buy Stock Index Bonds, your capital is fully guaranteed and you participate in the stock market performance of 30 large Québec-based companies.

  • Return based on the Indice Québec-30.
  • Invested capital is fully guaranteed by the Québec government, with no limit on the term or the amount.
  • Choose between 5-year and 10 year terms.
  • Maximum return of 60% (maximum annualized return of 9.86%) for the 5-year term and no upper limit on return for the 10-year term.
  • Redeemable at maturity.
  • Minimum purchase of $100.

Past performance of the Indice Québec 30

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History of the Indice Québec 30

Note: Past performance is presented for information purposes only. The actual yield of the Stock Bonds is known only at maturity of the bond by taking into account the average of three closing values of the Indice Québec 30 during the first three weeks of the term and the average of four closing values of the Indice Québec 30 during the last four months of the term.

Matured issues

Current issues

The Indice Québec 30 is a stock market index of the Institut de recherche en économie contemporaine (IREC), calculated, updated and published by the Centre d’analyse et de suivi de l’Indice Québec. For more information on this index, consult the following website: www.iq30-iq150.org.

List of the thirty companies in the index

Companies in the index as at March 17, 2020 Weighting
Alimentation Couche-Tard Inc. 8.78%
BCE Inc. 8.58%
Canadian National Railway Company 8.46%
National Bank of Canada 7.89%
Royal Bank of Canada 7.30%
Metro Inc. 6.54%
CGI Group Inc. 5.44%
Dollarama Inc. 4.89%
Quebecor Inc. 4.69%
Power Corporation of Canada 3.96%
Bank of Montreal 3.69%
Saputo Inc. 3.38%
IA Financial Corporation Inc. 2.62%
CAE Inc. 2.52%
Cogeco Communications Inc. 2.09%
Groupe WSP Global Inc. 1.77%
Air Canada. 1.72%
BRP Inc. 1.52%
Boralex Inc. 1.52%
Innergex Renewable Energy Inc. 1.48%
Molson Coors Brewing Company. 1.44%
Richelieu Hardware Ltd. 1.20%
Lightspeed POS Inc. 1.18%
Groupe SNC-Lavalin Inc. 1.15%
Gildan Activewear Inc. 1.12%
Laurentien Bank of Canada 1.10%
TFI International Inc. 1.08%
Transcontinental Inc. 0.98%
Cascades Inc. 0.96%
Bausch Health Companies Inc. 0.94%

More details

 

General characteristics of Stock Index Bonds

When offered: Four sale periods during the year
Issue date: Quarterly (March, June, September, December)
Term: Five and ten years
Limit on yield at maturity: Determined for each issue
Minimum purchase amount: Any amount greater than or equal to $100
Processing of the amount invested: The initial purchase amount plus a bonus, where applicable, is invested in a Temporary Investment until the issue date of the Québec Stock Index Bonds. The Temporary Investment bears interest at the rate (without bonus) of one-year Québec Fixed-rate Bonds in effect on the date of receipt of the funds, until the date of issue of the Québec Stock Index Bonds. The interest thus accrued is added to the initial purchase amount to acquire Québec Stock Index Bonds on the date of issue and constitutes the invested capital at issue.
Purchase limit: Maximum amount held of $5 000 000 for general or limited partnerships and legal persons established for a private interest or in the public interest acting on their own account, except in the case of a transfer resulting from a succession.
Yield at maturity: Not guaranteed, equal to the IREC Indice Québec IQ‑30™ calculated according to the following formula:

Yield at maturity = [(V2 – V1) / V1] where:

Opening value of the index (V1) = average of three closing values of the IREC Indice Québec IQ‑30™ during the first three weeks of the term

Closing value of the index (V2) = average of four closing values of the IREC Indice Québec IQ‑30™ during the last four months of the term

The total amount of interest payable at maturity is calculated by applying the yield rate obtained by the above formula to the capital invested at maturity, or to the remaining portion of the invested capital, as the case may be.

The Stock Index Bond is not a direct investment in the constituent securities of the IREC Indice Québec IQ‑30™. Accordingly, the yield to maturity is determined excluding the dividends paid on such securities.

See the characteristics of current issues for the dates of the opening and closing readings of the issue currently on sale.

Authorized purchasers: Persons or groups of persons or of properties, domiciled in Québec and subject to the rules of Québec law (natural persons, general or limited partnerships, legal persons, successions of persons, foundations and personal or social trusts).
Risk factors: If the change in the IREC Indice Québec IQ‑30™, calculated on the basis of the readings indicated above, is negative over a period of five or 10 years, the rate of return is zero. In this case, no interest is payable at maturity but the capital, including the bonus if any, is repaid in full. Consequently, the purchaser of the bonds incurs no risk of loss of capital.The bonds are neither assignable nor transferable, and there is no secondary market for them.
Eligible accounts: Investment Savings Account, tax‑free savings account (TFSA), registered retirement savings plan (RRSP), registered retirement income fund (RRIF), locked‑in retirement account (LIRA) and life income fund (LIF).Can also be entered in the account of a trustee or of an agent of a trustee for the benefit of a participant in a self‑directed plan or fund.
Redemption: At maturity only
Assignment and transfer: The Bonds are assignable and transferable in accordance with the terms and conditions of the Regulation respecting savings products (CQLR, chapter A-6.001, r.9).
Hypothec: Allowed in favour of financial institutions if the bonds are held in an Investment Savings Account or a tax‑free savings account (TFSA).
Treatment at maturity: In the absence of instructions from the client, the capital and interest (including any bonus) are automatically reinvested in Flexi‑Plus Savings units.

Characteristics of the {{produits[5].Data[0].Emission | monthyear}} issue

When offered: {{produits[5].Data[0].DateDebutVente | datestr}} to {{produits[5].Data[0].DateFinVente | datestr}}
Issue date: {{produits[5].Data[0].Emission | datestr}}
Term: Five and ten years
Limit on yield at maturity: 60% for the 5‑year term
No limit for the 10‑year term
Dates of opening readings: Opening value of the index (V1) = the average of the closing values of the IREC Indice Québec IQ‑30MC on:

  • {{produits[5].Data[0].DateLectureDepart1 | datestr}}
  • {{produits[5].Data[0].DateLectureDepart2 | datestr}}
  • {{produits[5].Data[0].DateLectureDepart3 | datestr}}
Dates of closing readings: Closing value of the index (V2) = the average of the closing values of the IREC Indice Québec IQ‑30MC on:

Five‑year term

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  • {{produits[5].Data[0].DateLectureFermeture2 | datestr}}
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  • {{produits[5].Data[0].DateLectureFermeture4 | datestr}}

 

Ten‑year term

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