NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Solactive Canadian Large-Cap 100 AR Index, Class F, due on June 20, 2030

Current price: $100.67
As of 20-Mar-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC26364
ISM Code:
V46EQ6
Ticker Symbol:
SOC100AR
Index Page:
Link
Index Guideline:
Link
Index Fact Sheet:
Link
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the Solactive Canadian Large-Cap 100 AR Index.
  • Potential coupon payments: provided that the Reference Portfolio Return is equal to or greater 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: -40%
  • Call Threshold: 10% (starting after 6 months).
  • Potential Coupon Payment: $8.04 p.a. paid monthly.
  • Maturity Barrier: -40%.
  • 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].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
20-Jun-2023
Maturity date:
20-Jun-2030
Note term:
7.0 years
Call Val. Date 1:
13-Dec-2023
Call Val. Date 2:
15-Jan-2024
Call Val. Date 3:
12-Feb-2024
Call Val. Date 4:
13-Mar-2024
Call Val. Date 5:
15-Apr-2024
Call Val. Date 6:
13-May-2024
Call Val. Date 7:
13-Jun-2024
Call Val. Date 8:
15-Jul-2024
Call Val. Date 9:
13-Aug-2024
Call Val. Date 10:
13-Sep-2024
Call Val. Date 11:
11-Oct-2024
Call Val. Date 12:
13-Nov-2024
Call Val. Date 13:
13-Dec-2024
Call Val. Date 14:
13-Jan-2025
Call Val. Date 15:
12-Feb-2025
Call Val. Date 16:
13-Mar-2025
Call Val. Date 17:
11-Apr-2025
Call Val. Date 18:
12-May-2025
Call Val. Date 19:
13-Jun-2025
Call Val. Date 20:
14-Jul-2025
Call Val. Date 21:
13-Aug-2025
Call Val. Date 22:
15-Sep-2025
Call Val. Date 23:
10-Oct-2025
Call Val. Date 24:
13-Nov-2025
Call Val. Date 25:
15-Dec-2025
Call Val. Date 26:
13-Jan-2026
Call Val. Date 27:
12-Feb-2026
Call Val. Date 28:
13-Mar-2026
Final Valuation Date:
13-Jun-2030

Price and Historical Values

Last Updated Date:
20-Mar-2024
Current Price:
$100.67
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
Solactive Canadian Large-Cap 100 AR Index2390.832684.4112.28%100%
Reference Portfolio Return12.28%
Barrier1434.498
Call Threshold10.00%
Called on Mar 20, 2024Call Threshold Value2629.913