U.S. Corporate Bonds

Description
U.S. corporate bonds are issued by U.S. corporations and provide income in U.S. dollars. These issues count against foreign content.

Objective
To provide regular taxable semi-annual income in U.S. dollars.

Suitability
U.S. corporate bonds are best suited for income-oriented investors who would like to receive income in U.S. dollars.

Features

• Income: U.S. corporate bonds pay semi-annual income.
• Liquidity: These bonds can be sold on any business day at their current market value. This may be equal to, more or less than the amount originally invested.
• Price Changes: While the amount of your interest cheque will always remain the same, the value of your bond will change daily.
• Currency Risk: If you have a need for U.S. dollars, you will not need to exchange the interest payments or principal amount as they are already made in U.S. dollars. You will have exchange risk if you need to convert back into Canadian dollars.
• Tax Status: Income from these notes is fully taxable unless held in a qualified retirement plan. RRSP Eligible: Since these investments are issued from U.S. companies, in most cases, they are RRSP/RRIF eligible but count against foreign content.

For more information, please contact your Edward Jones financial advisor*.