NBC Auto Callable Canadian Equity Flex GIC, series 13F
10070
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC28484
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ISM Code:
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Z58E6K
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Ticker Symbol:
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BCE, EMA, ENB, GWO, MFC, POW, RY, TD
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Dates
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Issue Date:
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07-Jun-2023
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Maturity date:
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07-Jun-2030
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Note term:
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7.0 years
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Call Valuation Date 1:
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31-May-2024
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Call Valuation Date 2:
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02-Jun-2025
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Call Valuation Date 3:
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01-Jun-2026
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Call Valuation Date 4:
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31-May-2027
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Call Valuation Date 5:
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31-May-2028
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Call Valuation Date 6:
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31-May-2029
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Final Valuation Date:
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31-May-2030
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Highlights
- 7-year term.
- Linked to Canadian companies.
- Principal amount fully protected at maturity by National Bank of Canada.
- Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is equal to or greater than the Call Threshold:
Year 1: 9%, Year 2: 18%, Year 3: 27%, Year 4: 36%, Year 5: 45%, Year 6: 54%, Year 7: 63%
- Call Threshold: 0%.
- 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 the Variable Return will be equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio Return exceeds such Fixed Return.
- Participation Factor: 5%
- if the Reference Portfolio Return is equal to or higher than the Call Threshold on a Call Valuation Date, the Deposits will be automatically called on the applicable Call Date and the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
- if the Deposits are not automatically called and the Reference Portfolio Return is equal to or higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
- if the Deposits are not automatically called and the Reference Portfolio Return is lower than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount.
- Eligible for CDIC Deposit Insurance.
- Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
- Can be sold back to the Bank on a daily basis subject to normal market conditions. An investor who sells the Deposit prior to maturity may receive less than the Principal Amount per Deposit.
Price and Historical Values
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Last Updated Date:
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08-Jun-2023
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Current Price:
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$100.18
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Currency:
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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
| Company | Initial Value | Current Price | Return |
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| BCE Inc. | 61.34 | 61.40 | 0.10% |
| Emera Inc | 55.06 | 55.57 | 0.93% |
| Enbridge Inc. | 50.68 | 51.03 | 0.69% |
| Great-West Lifeco Inc. | 38.37 | 38.30 | -0.18% |
| Manulife Financial Corporation | 25.92 | 25.73 | -0.73% |
| Power Corporation of Canada | 34.73 | 34.86 | 0.37% |
| Royal Bank of Canada | 123.09 | 123.30 | 0.17% |
| Toronto-Dominion Bank | 77.88 | 78.99 | 1.43% |
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| | Reference Portfolio Return | 0.35% |
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| | Basket Level | 1 003.462 |
| | Indicative Variable Interest | 9.00% |
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