Investors at Canada Life in line for hefty losses

Professional Adviser
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Investors in Canada Life's Nasdaq-linked structured products are facing losses of almost two thirds ...

Investors in Canada Life's Nasdaq-linked structured products are facing losses of almost two thirds of their capital as the products' maturity dates draw closer. Canada Life's High Income Bond 3 and Platinum Income Bond, both based on the performance of the Nasdaq 100 over a three-year term, reach maturity next year. At current market levels, High Income Bond 3, due to mature next April, will net investors a 63.4% loss. Platinum Income Bond, maturing next July, would lose investors 62.6% at current levels and requires a 214% recovery by the Nasdaq 100 to return initial capital. Both pro...

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