NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian energy companies (USD), Class F, due on June 25, 2030

Current price: US$100.30
As of 24-Dec-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC26395
ISM Code:
V46EV9
Ticker Symbol:
CNQ, CVE, SU
Educational Summary:
Link

Highlights

  • 7.01-year term.
  • Linked to Canadian energy.
  • 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 24 months).
  • Potential Coupon Payment: US$11.46 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 US$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 US$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 US$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 US$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:
22-Jun-2023
Maturity date:
25-Jun-2030
Note term:
7.0 years
Call Val. Date 1:
13-Jun-2025
Call Val. Date 2:
15-Dec-2025
Call Val. Date 3:
12-Jun-2026
Call Val. Date 4:
15-Dec-2026
Call Val. Date 5:
14-Jun-2027
Call Val. Date 6:
15-Dec-2027
Call Val. Date 7:
14-Jun-2028
Call Val. Date 8:
15-Dec-2028
Call Val. Date 9:
14-Jun-2029
Call Val. Date 10:
17-Dec-2029
Final Valuation Date:
14-Jun-2030

Price and Historical Values

Last Updated Date:
24-Dec-2024
Current Price:
US$100.30
Currency:
USD

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 PriceCurrent PriceReturnWeighting
Canadian Natural Resources Ltd36.7643.1717.44%33%
Cenovus Energy Inc.22.3121.09-5.47%33%
Suncor Energy Inc.39.9950.3725.96%33%
Reference Portfolio Return12.64%
Indicative Variable Interest0.00%
Call Threshold10.00%