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Desjardins Two-Step Participation ESG Global Equity Principal Protected Notes, Series 438

Additional Informations

Issuer: Fédération des caisses Desjardins du Québec
Securities Offered: Desjardins Two-Step Participation ESG Global Equity Principal Protected Notes, Series 438
Issue Price: $ 100 per note
Minimum: $ 1,000 (10 notes)
Reference Index: The reference basket is an equally weighted portfolio of common shares issued by 20 companies. Telenor ASA, Swisscom AG, Saputo Inc., General Mills Inc., Sekisui House Limited, Daiwa House Industry Co., Ltd., Vestas Wind Systems A/S, First Solar Inc., Kubota Corporation, Mines Agnico Eagle Limitée, Holmen AB, Intact Corporation financière, Partners Group Holding AG, Hydro One Limited, Orsted A/S, Iberdrola SA, ENEL SpA, Terna - Rete Elettrica Nazionale, AstraZeneca Plc, Texas Instruments Inc.
Settlement date: Transaction date plus 2 days. **All purchases are closed without the possibility of cancellation ** Please refer to Information Statement Document, Right of cancellation.
Issuance Date: December 12, 2025
Maturity Date: December 12, 2028
RRSP & TFSA Eligibility: Yes
Term: 3 year(s)
Participation Rate: Participation rate applicable to the first 15.00% of reference portfolio return. Is equal to 100.00% Participation rate applicable to the reference portfolio return above 15.00%. Is equal to 5.00%
Maximum Return: No cap is fixed as to the return of the Notes.
Principal Protected: The capital is 100% guaranteed at maturity.
Early Trading Charge: This fee goes from 2.25 %, initially to 0% after 180 days.
Secondary Market: DSN01244
Commission received from the Issuer: Desjardins online brokerage will receive from the issuer a remuneration of $1.50 for each note sold (equivalent to 1.50 % of the principal amount)
Subscription close: December 5, 2025, noon. Books can close without any further notice.
Offering Document: For more detailed information please refer to the prospectus.
Investment highlights: To view the Investment highlights please refer to this document.