NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, Class F, due on August 28, 2024

Current price: $102.63
As of 28-Aug-2018

General Information

Issuer:
NBC
FundSERV Code:
NBC2092
ISM Code:
V74136
Ticker Symbol:
XSP
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the iShares® Core S&P 500 Index ETF (CAD-Hedged).
  • Provided that the Reference Portfolio Return is higher than the Coupon Payment Threshold on the applicable Coupon Payment Valuation Date, Holders will be entitled to receive Coupon Payments on each Coupon Payment Date.
  • Coupon Payment Threshold: -40.00%.
  • Call Threshold: 15.00%.
  • Potential Coupon Payments : $2.625 semi-annually
  • Call Frequency: Semi-annually
  • Participation Factor: 0.00%.
  • Maturity-Monitored Barrier: -40.00%.
  • If the Reference Portfolio Return is 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].
  • 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].
  • 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.
  • 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].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
28-Aug-2017
Maturity date:
28-Aug-2024
Note term:
7.0 years
Call Date 13:
28-Feb-2024
Call Val. Date 1:
21-Feb-2018
Call Val. Date 2:
21-Aug-2018
Call Val. Date 3:
21-Feb-2019
Call Val. Date 4:
21-Aug-2019
Call Val. Date 5:
21-Feb-2020
Call Val. Date 6:
21-Aug-2020
Call Val. Date 7:
22-Feb-2021
Call Val. Date 8:
23-Aug-2021
Call Val. Date 9:
18-Feb-2022
Call Val. Date 10:
22-Aug-2022
Call Val. Date 11:
21-Feb-2023
Call Val. Date 12:
21-Aug-2023
Call Val. Date 13:
21-Feb-2024
Final Valuation Date:
21-Aug-2024

Price and Historical Values

Last Updated Date:
28-Aug-2018
Current Price:
$102.63
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
iShares Core S&P 500 Index ETF CAD- Hedged27.8832.3315.96%100%
Reference Portfolio Return15.96%
Barrier16.728
Call Threshold15.00%
Called on August 28, 2018Call Threshold Value32.062