NBC Canadian Equity Deposit Notes, Series 28F

Current price: $174.82
As of 16-May-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC26573
ISM Code:
V86415
Ticker Symbol:
15 Canadian companies

Product Description

The NBC Canadian Equity Deposit Notes offers the growth potential of a Canadian diversified equity portfolio all while ensuring 100% principal protection at maturity.

Highlights

  • 7.5 year term.
  • Participation Factor of 110.00%
  • Principal Amount fully protected at maturity by National Bank of Canada.
  • The Deposits aim to provide you with a return at maturity linked to the performance of an equally weighted portfolio of the common shares of 10 Canadian companies.
  • Eligible for all types of accounts (RRSP, RRIF, DPSP, RESP, RDSP and TFSA).
  • $1,000 minimum subscription (10 Deposits).

Dates

Issue Date:
16-May-2018
Maturity date:
18-Nov-2025
Note term:
7.5 years
Valuation Date:
10-Nov-2025

Price and Historical Values

Last Updated Date:
16-May-2024
Current Price:
$174.82

The bid price and any related information on the date of sale may differ from the current price and information posted above. Please refer to the offering document or your investment advisor.

Note

On June 28, 2021, Brookfield Asset Management Inc. (TSX: BAM.A) (“Brookfield”) completed the spin-off of Brookfield Asset Management Reinsurance Partners Ltd. (TSX: BAMR) (“Brookfield Reinsurance”) by the special distribution of one class A exchangeable limited voting share of Brookfield Reinsurance for every 145 Brookfield class A and B limited voting shares held. This event triggered a Potential Adjustment Event as per the terms and conditions of the Deposit Notes in respect of the common shares of Brookfield, a Reference Share in the Reference Portfolio of the Deposit Notes. As such, the Initial Value of the common shares of Brookfield was adjusted as of the closing of the markets on June 28, 2021. On December 9, 2022, Brookfield Asset Management Inc. (TSX: BAM.A) (“BAMA”) announced the completion of its division into two publicly traded companies: BAMA, which is renamed Brookfield Corporation (TSX: BN) (“BN”) and Brookfield Asset Management Ltd. (TSX: BAM) (“BAM”). This event triggered a Potential Adjustment Event as per the terms and conditions of the Deposit Notes in respect of the common shares of BN and BAM, the Reference Shares in the Reference Portfolio of the Deposit Notes. To reflect the impact of such transaction, the Calculation Agent made adjustments to the Reference Portfolio by splitting the weight of the common shares of BAMA. In particular, the weight of BN (formerly named BAMA) in the Reference Portfolio was rebalanced and BAM was added to the Reference Portfolio. As such, the Initial Value of the common shares of BN and BAM was adjusted as of the closing of the markets on December 9, 2022.

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Portfolio

CompanyInitial ValueCurrent PriceReturn
SNC-Lavalin Group Inc.5652.86-5.61%
BCE Inc.54.1846.75-13.71%
Canadian National Railway Company106.35172.3462.05%
Canadian Pacific Railway Ltd46.992111.29136.83%
Gildan Activewear36.7648.4531.80%
Loblaw Companies Limited52.8195157.07197.37%
Manulife Financial Corporation24.9435.9644.19%
Metro Inc.42.3674.4075.64%
Power Corporation of Canada29.8739.1331.00%
Rogers Communications Inc. - Class B62.1854.30-12.67%
Sun Life Financial Inc.55.5570.1226.23%
TELUS Corporation22.84522.42-1.86%
Thomson Reuters Corporation49.9258232.95366.59%
George Weston Limited104.44190.8782.76%
Brookfield Corporation27.76883260.78118.88%
Brookfield Asset Management-A25.9567354.42109.66%
Reference Portfolio Return75.85%
Basket Level1 758.489
Indicative Variable Interest83.43%