CI Oil Sands and Energy EARNS™ (Enhanced Accelerated Return Note Securities), Series 1

 

... GAIN 150% participation in upside of the energy sector ... Proven management ... Eight-year term ...


    On sale from July 17 to August 31, 2006


  • Ability to participate in accelerated appreciation of energy sector securities with returns comparable to leveraged returns without corresponding downside of actual leverage.
  • Exposure to a portfolio of companies involved in oil sands, energy and alternative energy.
  • Proven management from CI Investments' Signature Advisors, led by Eric Bushell & Scott Vali.
  • Accelerated participation of 150% of any positive return at maturity, 100% participation of any negative performance.
  • Eight-Year note not principal protected.




Top 10 Holdings

1. Petro-Canada
2. Penn West Energy Trust
3. TransCanada Corp.
4. Mullen Group Income Fund
5. ConocoPhillips Inc.
6. Exxon Mobil Corp.
7. Husky Energy Inc.
8. Shell Canada Ltd.
9. Imperial Oil Ltd.
10. Suncor Energy Inc.

Reference portfolio expected to consist of 32 constituents, consisting of issuers participating in the Canadian Oil Sands Sector (53.5%), Global Energy Industry (38.75%) and Alternative Energy Technologies (7.75%)


Issuer: National Bank of Canada
FundSERV Code: NBC073
Minimum Purchase: $5,000
Selling Concession: 2.8% upfront plus 0.25 p.a. trailer
Fees & Expenses: Management Fee 0.50% (plus taxes)
Accelerator Cost 2.40% (includes Trailer of 0.25% on principal amount)
Admin Fee: 0.25%
RRSP Eligibility: 100% eligible for RRSPs, RRIFs, RESPs, DPSPs and LIRAs.
Secondary Market: National Bank will maintain a secondary market for Deposit Notes (subject to availability).

For more information, please contact your CI Sales Team to arrange for a meeting or see the What’s New section at www.ci.com/depositnotes:

Available information for Advisors
  • Greensheet
  • Shelf Prospectus
  • Pricing Supplement
  • PowerPoint Presentation

  • Details regarding the accelerator strategy, calculation and payment of interest and certain risk factors are contained in the Pricing Supplement No. 1 dated July 12, 2006 to the short form base shelf prospectus dated April 15, 2006 relating to CI Oil Sands and Energy EARNS™ (Enhanced Accelerated Return Note Securities), Series 1. (the "Pricing Supplement"). Investors are encouraged to read the Pricing Supplement carefully before investing in the Deposit Notes and to discuss the suitability of the investment with their investment advisor. CI Oil Sands and Energy EARNS™, Series 1 are available for sale July 17, 2006 to August 31, 2006. ™CI Investments, CI, Signature and the CI Investments design are trademarks of CI Investments Inc.

    This notice is intended for information purposes only and is not, and under no circumstances is to be construed as, an offering of the Deposit Notes described herein, or as investment advice. This e-mail is intended to be read in conjunction with the Pricing Supplement. The Deposit Notes described in the Pricing Supplement are being offered in Canada only in those jurisdictions and to those persons where and to whom they may lawfully be offered for sale, and therein only by persons permitted to sell such Deposit Notes.