Performance Product Offerings

The 2023 Performance Product offering consists of two offerings:
Performance Canada 2023 – 3 year product
Performance U.S. 2023 – 5 year product
The performance products are available for TFSA, RRSP, and non-registered funds.

Book Appointment

Performance Product Offerings

The 2023 Performance Product offering consists of two offerings:
Performance Canada 2023 – 3 year product
Performance U.S. 2023 – 5 year product
The performance products are available for TFSA, RRSP, and non-registered funds.


Book Appointment

Offering Details

Performance Canada 2023 – 3 year product
Performance Canada will be offered in a 3 year term linked to the performance of the S&P TSX 60 Index. Returns are based on the stock price performance of the S&P TSX 60 Index.
A member will earn a Return on Deposit equal to 100% of the percentage increase in the S&P TSX 60 Index for the period commencing from March 16, 2023, to February 16, 2026, up to a maximum Return on Deposit of 22.5% of the principal amount of deposit.
Should the closing level of S&P TSX 60 Index as calculated using the Averaging Dates be equal to or less than the closing level of S&P TSX 60 Index on March 16, 2023, the Return on Deposit shall be 3%.
  • Opening valuation date: March 16, 2023
  • Averaging dates: December 15, 2025; January 15, 2026; February 16, 2026
  • Maturity date: February 16, 2026
  • Base Rate of Interest: 3%
  • Capped Return: 22.5%
Performance U.S. 2023 – 5 year product
Performance U.S. will be offered in a 5 year term linked to the performance of the S&P 500 (SPX Index). Returns are based on the stock price performance of the S&P 500 Index.
A member will earn a Return on Deposit equal to 100% of the percentage increase in the S&P 500 Index for the period commencing from March 16, 2023, to February 16, 2028, up to a maximum Return on Deposit of 30% of the principal amount of deposit.
Should the closing level of the S&P 500 Index as calculated using the Averaging Dates be equal to or less than the closing level of the S&P 500 Index on March 16, 2023, the Return on Deposit shall be 5%.
  • Opening valuation date: March 16, 2023
  • Averaging dates: December 15, 2027; January 18, 2028; February 16, 2028
  • Maturity date: February 16, 2028
  • Base Rate of Interest: 5%
  • Capped Return: 30%
Performance Canada 2023 (3 Year Term)
S&P TSX 60 Index- Linked Term Deposit Product

Terms and Conditions
*Opening Valuation Date: March 16, 2023 * Cap - Return on Deposit limited to 22.5%
*Averaging Dates: December 15, 2025; January 15, 2026; February 16, 2026
* Base Rate of Interest - 3%
*Non-redeemable prior to maturity date * Index Participation up to Cap - 100%
*Maturity Date: February 16, 2026 * Return to be paid after maturity date

Return on Deposit:
Returns are based on the stock price performance of the S&P TSX 60 Index. A
member will earn a Return on Deposit equal to 100% of the percentage increase
in the S&P TSX 60 Index for the period commencing from March 16, 2023, to
February 16, 2026, up to a maximum Return on Deposit of 22.5% of the
principal amount of deposit. The Return on Deposit will be calculated as the
percentage rate of total price change in S&P TSX 60 Index based on the change
in the closing level of S&P TSX 60 Index on March 16, 2023, and the arithmetic
mean of the official closing price of the S&P TSX 60 Index on each Averaging
Date.

“Rate of Return” means the number (rounded to six decimal places), which may
be positive or negative, expressed as a percentage, determined by Standard &
Poor’s, a division of S&P Global Inc. ("S&P") or its designate with the following
formula:

Initial Price
Rate of Return = (FinalPrice / Initial Price)

if such return results in a return greater than 22.5%, the Rate of Return for the
index shall be limited to 22.5% over the entire term.

“Initial Price” means the closing price of the S&P TSX 60 Index as determined
by Standard & Poor’s, a division of S&P Global Inc. ("S&P") or its designate on
the Trade Date.

“Final Price” means the arithmetic mean of the official closing prices of the
S&P TSX 60 Index as determined by Standard & Poor’s, a division of S&P
Global Inc. ("S&P") or its designate on each Averaging Date.

Should the closing level of S&P TSX 60 Index as calculated using the Averaging
Dates be equal to or less than the closing level of S&P TSX 60 Index on March
16, 2023, the Return on Deposit shall be 3%.

Performance of S&P TSX 60 Index:
S&P TSX 60 Index: Past performance of S&P TSX 60 Index does not guarantee future
performance and any historical performance or return information is
provided by the Credit Union only for illustrative purposes. This product will
provide a minimum return on deposit of 3% at maturity. Any Return on Deposit
above the 3% minimum guarantee will fluctuate with the performance of the
S&P TSX 60 Index. The value of the S&P TSX 60 Index on any given day will
be determined by Standard & Poor’s, a division of S&P Global Inc. ("S&P") or
it’s designate. Should Standard & Poor’s cease publishing a value for the S&P
TSX 60 Index, the Index value will be determined solely by Credit Union Central
Alberta Limited or it’s designate.
Status of Investment:
An investment in the Performance Canada 2023 index-linked deposit product is
a deposit with the Credit Union. The member is not making a direct investment
in, nor does the member obtain any ownership or beneficial interest in the
underlying securities of S&P TSX 60 Index as a result of this investment.
References in these terms and conditions to S&P TSX 60 Index are solely to
determine the amount of Return on Deposit payable on the member’s deposit
with the Credit Union.

Eligibility:
The Performance Canada 2023 deposit product qualifies as an eligible investment
for both RRSP and TFSA accounts as well as non-registered investments.
Investors in the Performance Canada 2023 deposit product should ensure that the
3-year locked-in term will not conflict with their obligations under the Income
Tax Act to convert their Retirement Savings Plan (RSP) to a Retirement Income
Fund (RIF) at age 71. This consideration should be given because of the
difficulty of this product complying with future cash flow requirements of a RIF.
Any investments in the Performance Canada 2023 deposit product made outside
of a registered account which increase in value are considered interest income
and taxed as per the investor’s individual requirements as outlined in the
Government of Canada Income Tax Act.

Deposit Insurance:
The principal and the minimum Return on Deposit of the Performance Canada
2023 index-linked deposit product are 100% guaranteed by the Credit Union
Deposit Guarantee Corporation. For clarity, equity-linked products such as the
Performance Canada 2023 are guaranteed for only the amount of the member’s
principal investment. Returns, if any, are not insured unless the equity-linked
product has reached its maturity date.

In the Event of Death of Member:
The deposit is not redeemable prior to the Maturity Date except in the event
of death of the member. In the event of death, the estate representative has the
choice of the following three options:

Option A - Leave the Principal on Deposit
- The Principal and Return on Deposit will be paid to the estate upon maturity.

Option B - Redeem Deposit Before Maturity
- The principal will be paid subject to an early redemption fee, as outlined
below. A Return on Deposit will not be paid under Option B.
(Principal Amount / 1000) x (# of Days remaining until maturity) x ($0.10)

Option C - Transfer
- If the deposit is held in the deceased members RSP and the spouse or partner
is named in the RSP contract as the sole beneficiary; transfers to a surviving
spouse’s RRSP may be made subject to the continuation of these terms and
conditions and if so, no early redemption fee will be assessed.

Market Disruption Event:
A Market Disruption Event is the suspension or material limitation of trading of
securities resulting in a delay in the calculation of the S&P TSX 60 Index. A
Market Disruption Event before March 16, 2023 may result in the suspension or
cancellation of this product (in which case, the member would then be allowed to
choose any term deposit desired with interest paid retroactively). A Market
Disruption Event after March 16, 2023, will delay the payment of Return on Deposit at maturity until the value of the S&P TSX 60 Index can be determined. It will be the sole discretion of Credit Union Central Alberta Limited to
determine whether a Market Disruption Event has occurred.

Index Disclaimer:
The deposit is not sponsored, endorsed, sold, or promoted by S&P Dow Jones
Indices LLC, a division of S&P Global Inc. ("S&P") or the Toronto Stock
Exchange ("TSX"). S&P and TSX make no representation or warranty, express
or implied, to the holders of the deposit or any member of the public regarding
the advisability of investing in securities generally or in the deposit particularly
or the ability of the S&P/TSX 60 Index to track general stock market
performance. The relationship of S&P and TSX to the Credit Union is solely in
relation to the licensing (or sublicensing) of certain trademarks and trade names
of S&P and TSX and/or of the S&P/TSX 60 Index, which is determined,
composed, and calculated by S&P without regard to the deposit. S&P and TSX
have no obligation to take the needs of the Credit Union or the holders of the
deposit(s) into consideration in determining, composing, or calculating the
S&P/TSX 60 Index. S&P and TSX are not responsible for and have not
participated in the determination of the timing of the issue of the deposit(s), or
quantities of the deposits to be issued, or in the determination or calculation of
the equation by which the Return on Deposit is determined. S&P and TSX have
no obligation or liability in connection with the administration, marketing, or
trading of the deposit(s). S&P and TSX do not guarantee the accuracy and/or the
completeness of the S&P/TSX 60 Index or any data included therein, and S&P
and TSX shall have no liability for any errors, omissions, or interruptions therein.
S&P makes no warranty, express or implied, as to results to be obtained by the
Credit Union, holders of the deposit(s), or any other person or entity from the use
of the S&P/TSX 60 Index or any data included therein. S&P and TSX make no
express or implied warranties or conditions, and expressly disclaim all warranties
or conditions of merchantability, merchantable quality or fitness for a particular
purpose or use with respect to the S&P/TSX 60 Index or any data included
therein. Without limiting any of the foregoing, in no event shall S&P or TSX
have any liability for any special punitive, indirect, or consequential damages
(including lost profits), even if notified of the possibility of such damages.
Investment

Disclaimer:
This Deposit is designed for individuals hoping to earn a higher rate of return
than is available via traditional deposits, but who are willing to accept the risk of
earning a minimal return while having their principal guaranteed. Neither the
Credit Union nor Credit Union Central Alberta Limited makes any representation
or warranty, express or implied, to any member regarding the suitability of
investing in securities generally or in this index-linked Term Deposit specifically,
nor with respect to the ability of the Credit Union or Credit Union Central
Alberta Limited to track stock market performance.
Performance U.S. 2023 (5 Year Term)
S&P 500 (SPX Index)-CAD Hedged - Linked Term Deposit Product

Terms and Conditions
*Opening Valuation Date: March 16, 2023 * Cap – Return on Deposit limited to 30%
*Averaging Dates: December 15, 2027; January 18, 2028; February 16, 2028
*Base Rate of Interest - 5%
*Non-redeemable prior to maturity date * Index Participation up to Cap - 100%
*Maturity Date: February 16, 2028
*Return to be paid after maturity date

Return on Deposit: Returns are based on the stock price performance of the S&P 500 Index. Member
will earn a Return on Deposit equal to 100% of the percentage increase in the
S&P 500 Index for the period commencing from March 16, 2023, to February 16,
2028, up to a maximum Return on Deposit of 30% of the principal amount of
deposit. The Return on Deposit will be calculated as the percentage rate of total
price change in the S&P 500 Index based on the change in the closing level of the
S&P 500 Index on March 16, 2023, and the arithmetic mean of the official
closing price of the S&P 500 Index on each Averaging Date.

 “Rate of Return” means the number (rounded to six decimal places), which may
be positive or negative, expressed as a percentage, determined by Standard &
Poor’s, a division of S&P Global Inc. ("S&P") or its designate with the following
formula:

Initial Price
Rate of Return = (FinalPrice / Initial Price)

if such return results in a return greater than 30%, the Rate of Return for the
index shall be limited to 30% over the entire term.

 “Initial Price” means the closing price of the S&P 500 Index as determined by
Standard & Poor’s, a division of S&P Global Inc. ("S&P") or its designate on the
Trade Date.

 “Final Price” means the arithmetic mean of the official closing prices of the
S&P 500 Index as determined by Standard & Poor’s, a division of S&P Global
Inc. ("S&P") or its designate on each Averaging Date.

 Should the closing level of the S&P 500 Index as calculated using the Averaging
Dates be equal to or less than the closing level of the S&P 500 Index on March
16, 2023, the Return on Deposit shall be 5%.

Performance of S&P TSX 60 Index:
The S&P 500: Past performance of the S&P 500 Index does not guarantee future
performance and any historical performance or return information is
provided by the Credit Union only for illustrative purposes. This deposit will
provide a minimum return on deposit of 5% at maturity. Any Return on Deposit
above the 5% minimum guarantee will fluctuate in relation to the performance of
the S&P 500 Index. The value of the S&P 500 Index will be determined by
Standard & Poor’s, a division of S&P Global Inc. ("S&P") or its designate.
Should Standard & Poor’s cease publishing a value for the S&P 500 Index, the
Index value will be determined solely by Credit Union Central Alberta Limited
or its designate.

Status of Investment:
Investment: An investment in the Performance U.S 2023 index-linked deposit product is a
deposit with the Credit Union. The member is not making a direct investment in,
nor does the member obtain any ownership or beneficial interest in the
underlying securities of the S&P 500 Index as a result of this investment.
References in these terms and conditions to the S&P 500 Index are solely to
determine the amount of Return on Deposit payable on the member’s deposit
with the Credit Union.

Eligibility:
The Performance U.S. 2023 deposit product qualifies as an eligible investment
for both RRSP and TFSA accounts as well as non-registered investments.
Investors in the Performance U.S 2023 deposit product should ensure that the 5
years locked in term will not conflict with their obligations under the Income Tax
Act to convert their Retirement Savings Plan (RSP) to a Retirement Income Fund
(RIF) at age 71. This consideration should be given because of the difficulty of
this product complying with future cash flow requirements of a RIF. Any
investments in the Performance U.S. 2023 deposit product made outside of a
registered account which increase in value are considered interest income and
taxed as per the investor’s individual requirements as outlined in the Government
of Canada Income Tax Act.

Deposit Insurance:
The principal and the minimum Return on Deposit of the Performance U.S.
2023 index-linked deposit product are 100% guaranteed by the Credit Union
Deposit Guarantee Corporation. For clarity, equity-linked products such as the
Performance U.S. 2023 are guaranteed for only the amount of the member’s
principal investment. Returns, if any, are not insured unless the equity-linked
product has reached its maturity date.

In the Event of Death of Member:
Death of Member: The deposit is not redeemable prior to the Maturity Date except in the event
of death of the member. In the event of death, the estate representative has the
choice of the following three options:

Option A - Leave the Principal on Deposit
- The Principal and Return on Deposit will be paid to the estate upon maturity.

Option B - Redeem Deposit Prior to Maturity
- The Principal will be paid subject to an early redemption fee, as outlined
below. A Return on Deposit will not be paid under Option B.
(Principal Amount / 1000) x (# of Days remaining until maturity) x ($0.10)

Option C - Transfer
- If the deposit is held in the deceased members RSP and the spouse or partner
is named in the RSP contract as the sole beneficiary transfers to a surviving
spouse’s RRSP may be made subject to the continuation of these terms and
conditions and if so, no early redemption fee will be assessed.

Market Disruption Event:
Event: A Market Disruption Event is the suspension or material limitation of trading of
securities resulting in a delay in the calculation of the S&P 500 Index. A Market
Disruption Event prior to March 16, 2023 may result in the suspension or
cancellation of this product (in which case, the member would then be allowed to
choose any term deposit desired with interest paid retroactively). A Market
Disruption Event after March 16, 2023 will delay the payment of Return on
Deposit at maturity until the value of the S&P 500 Index could be determined. It
will be the sole discretion of Credit Union Central Alberta Limited to determine
whether a Market Disruption Event has occurred.

Index Disclaimer:
The deposit is not sponsored, endorsed, sold, or promoted by S&P Dow Jones
Indices LLC, a division of S&P Global Inc. ("S&P"). S&P make no representation
or warranty, express or implied, to the holders of the deposit or any member of
the public regarding the advisability of investing in securities generally or in the
deposit particularly or the ability of the S&P 500 Index to track general stock
market performance. The relationship of S&P to the Credit Union is solely in
relation to the licensing (or sublicensing) of certain trademarks and trade names
of S&P 500 Index, which is determined, composed, and calculated by S&P
without regard to the deposit. S&P has no obligation to take the needs of the
Credit Union or the holders of the deposit(s) into consideration in determining,
composing, or calculating the S&P 500 Index. S&P are not responsible for and
have not participated in the determination of the timing of the issue of the
deposit(s), or quantities of the deposits to be issued, or in the determination or
calculation of the equation by which the Return on Deposit is determined. S&P
has no obligation or liability in connection with the administration, marketing, or
trading of the deposit(s). S&P does not guarantee the accuracy and/or the
completeness of the S&P 500 Index or any data included therein, and S&P shall
have no liability for any errors, omissions, or interruptions therein. S&P makes
no warranty, express or implied, as to results to be obtained by the Credit Union,
holders of the deposit(s), or any other person or entity from the use of the S&P
500 Index or any data included therein. S&P makes no express or implied
warranties or conditions, and expressly disclaim all warranties or conditions of
merchantability, merchantable quality, or fitness for a particular purpose or use
with respect to the S&P 500 Index or any data included therein. Without limiting
any of the foregoing, in no event shall S&P have any liability for any special
punitive, indirect, or consequential damages (including lost profits), even if
notified of the possibility of such damages.

Investment
Disclaimer: This Deposit is designed for individuals hoping to earn a higher rate of return
than is available via traditional deposits, but who are willing to accept the risk of
earning no return or a minimal return while having their principal guaranteed.
Neither the Credit Union nor Credit Union Central Alberta Limited makes any
representation or warranty, express or implied, to any member regarding the
suitability of investing in securities generally or in this index-linked Term
Deposit specifically, nor with respect to the ability of the Credit Union or Credit
Union Central Alberta Limited to track stock market performance.


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