NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian market, Class F, due on October 4, 2030

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC27091
ISM Code:
V46FP5
Ticker Symbol:
XIU
Index Page:
Link
Educational Summary:
Link

Dates

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

Highlights

  • 7-year term.
  • Linked to the iShares® S&P/TSX 60® ETF.
  • 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: -30%
  • Call Threshold: 10% (starting after 12 months).
  • Potential Coupon Payment: $8.40 p.a. paid monthly.
  • Maturity Barrier: -30%.
  • 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.
Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
iShares® S&P/TSX 60 Index ETF0.0029.67100%
Reference Portfolio Return0.00%
Barrier
Call Threshold10.00%
Call Threshold Value0