NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, Class F, due on July 27, 2023

Current price: $103.00
As of 29-Jul-2021

General Information

Issuer:
NBC
FundSERV Code:
NBC2558
ISM Code:
V80056
Ticker Symbol:
BMO, BNS, CM, RY, TD
Educational Summary:
Link

Highlights

  • 6.5-year term.
  • Linked to Canadian banks.
  • Potential coupon payments: provided that the Reference Portfolio Return is equal to or higher than the Coupon Payment Threshold on the applicable Coupon Payment Valuation Date, Holders will be entitled to receive a coupon payment on each Coupon Payment Date.
  • Coupon Payment Threshold: -35%
  • Call Threshold: 10%.
  • Potential Coupon Payment: $6.00 p.a. paid semi-annually.
  • Participation Factor: 0%
  • Maturity Barrier: -35%.
  • If the Reference Portfolio Return is equal to or higher than the Call Threshold on a Call Valuation Date, the Note Securities will be automatically called on the applicable Call Date and the Maturity Redemption Payment will be equal to $100 x [1 + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative but equal to or higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is negative and lower than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Reference Portfolio Return].
    • the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative but equal to or higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is negative but equal to or lower than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Reference Portfolio Return].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
30-Jan-2017
Maturity date:
27-Jul-2023
Note term:
6.5 years
Call Val. Date 1:
20-Jul-2017
Call Val. Date 2:
22-Jan-2018
Call Val. Date 3:
20-Jul-2018
Call Val. Date 4:
21-Jan-2019
Call Val. Date 5:
22-Jul-2019
Call Val. Date 6:
22-Jan-2020
Call Val. Date 7:
22-Jul-2020
Call Val. Date 8:
20-Jan-2021
Call Val. Date 9:
22-Jul-2021
Call Val. Date 10:
20-Jan-2022
Call Val. Date 11:
20-Jul-2022
Call Val. Date 12:
20-Jan-2023
Final Valuation Date:
20-Jul-2023

Price and Historical Values

Last Updated Date:
29-Jul-2021
Current Price:
$103.00
Currency:
CAN

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.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturnWeighting
Bank of Montreal99.08123.5924.74%20%
Bank of Nova Scotia78.2577.38-1.11%20%
Canadian Imperial Bank of Commerce112.25142.5226.97%20%
Royal Bank of Canada94.06125.8633.81%20%
Toronto-Dominion Bank67.9182.4121.35%20%
Reference Portfolio Return21.15%
Call Threshold10.00%
Called on Jul 29, 2021