NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, due on August 4, 2022

Current price: $101.07
As of 21-Sep-2017

General Information

Issuer:
NBC
FundSERV Code:
NBC2272
ISM Code:
V74084
Ticker Symbol:
BMO, BNS, CM, RY, TD

Dates

Issue Date:
04-Aug-2017
Maturity date:
04-Aug-2022
Note term:
5.0 years
Call Date 1:
07-Aug-2018
Call Date 2:
06-Aug-2019
Call Date 3:
04-Aug-2020
Call Date 4:
04-Aug-2021
Call Valuation Date 1:
30-Jul-2018
Call Valuation Date 2:
29-Jul-2019
Call Valuation Date 3:
27-Jul-2020
Call Valuation Date 4:
27-Jul-2021
Final Valuation Date:
27-Jul-2022

Highlights

  • 5-year term.
  • Linked to the common shares of Canadian banks.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Date 1: 9.50%; Date 2: 16.00% ; Date 3: 20.00%; Date 4: 23.00%; Date 5: 27.00%.
  • Variable Return is applicable where the Reference Portfolio Return is greater than the Fixed Return applicable to the given Call Valuation Date or Final Valuation Date and is equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio Return exceeds the Fixed Return.
  • Participation Factor: 5.00%.
  • Maturity-Monitored Barrier: -20.00%.
  • If the Reference Portfolio Return is positive 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 + the Fixed Return applicable to the given Call Valuation Date + the Variable Return].
  • 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 + the Fixed Return applicable to the Final Valuation Date + the Variable Return].
  • If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative but higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100.
  • If the Note Securities are not automatically called and the Reference Portfolio Return is negative and 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.

Price and Historical Values

Last Updated Date:
21-Sep-2017
Current Price:
$101.07

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.

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Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
Bank of Montreal94.6192.76-1.96%20%
Bank of Nova Scotia/The78.2379.331.41%20%
Canadian Imperial Bank of Commerce108.47108.700.21%20%
Royal Bank of Canada94.5294.23-0.31%20%
Toronto-Dominion Bank/The64.1969.017.51%20%
Reference Portfolio Return1.37%
Indicative Variable Interest9.50%
Call Threshold0.00%