NBC Relay Fixed ROC Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian energy companies, due on January 31, 2019

Current price: $59.70
As of 31-Jan-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC1588
ISM Code:
V78087

Highlights

  • 5 year term.
  • Linked to common shares of 3 Canadian energy
  • ROC Payments: $3.25 semi-annually.
  • Participation Factor: 5%.
  • Maturity-Monitored Barrier: -30%.
  • If the Lowest Reference Asset Return is positive on the Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + (Participation Factor x Lowest Reference Asset Return)].
  • If the Lowest Reference Asset Return is nil or negative but higher than the Barrier on theValuation Date, the Maturity Redemption Payment will be equal to $100.
  • If the Lowest Reference Asset Return is negative and equal to or lower than the Barrier on the Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Lowest Reference Asset Return].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • A daily secondary market is subject to availability and to early trading charges.

Dates

Issue Date:
31-Jan-2014
Maturity date:
31-Jan-2019
Note term:
5.0 years
Valuation Date:
28-Jan-2019

Price and Historical Values

Last Updated Date:
31-Jan-2019
Current Price:
$59.70
Current ETC:
$0.00
Price Net of ETC:
$59.70
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.

Note

On May 6, 2016, Canadian Natural Resources Limited (“CNQ”) announced the details of a plan of arrangement (the “Arrangement”) in respect of a return of capital to shareholders of CNQ. Under the arrangement, shareholders of CNQ will receive 0.02 of a common share of Prairiesky Royalty Ltd. for each CNQ common share, or cash equivalent, depending on the number of shares owned. Once the arrangement becomes effective, it triggers a Potential Adjustment Event as per the terms of the Prospectus of the Note Securities. As a result thereof, the Calculation Agent made adjustments to the Initial Value of the common shares of CNQ in the Reference Portfolio, effective June 1, 2016.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturn
Canadian Natural Resources Ltd36.5234.76-4.82%
Enerplus Corp20.1611.38-43.55%
Suncor Energy Inc.36.5942.2015.33%
Lowest Reference Asset Return-43.55%