NBC Relay Variable ROC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to Global Equity Markets (USD), due on February 12, 2019
1066
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC1364
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ISM Code:
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V77591
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Ticker Symbol:
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XIU, SPY, SX5E
Highlights
- 5-year term.
- Linked to the units of the iShares® S&P/TSX 60 Index Fund, units of the SPDR® S&P 500 ETF® Trust and the Euro Stoxx 50® Index (price return).
- Provided that the Lowest Reference Asset Return is higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive a ROC Payment of US$3.50 on each ROC Payment Date.
- ROC Payment Frequency: Semi-annual.
- Participation Factor of 5%.
- Maturity-Monitored Barrier: -25%.
- ROC Payment Threshold: -25%.
- If the Lowest Reference Asset Return is positive 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 + Participation Factor x Lowest Reference Asset Return].
- If the Note Securities are not automatically called and the Lowest Reference Asset Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to US$100 x [1 + Participation Factor x Lowest Reference Asset Return].
- If the Note Securities are not automatically called and the Lowest Reference Asset Return is nil or negative but higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to US$100.
- If the Note Securities are not automatically called and the Lowest Reference Asset Return is negative and equal to or lower than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to US$100 x [1 + Lowest Reference Asset Return].
- Variable Return is a percentage calculated as follows:(i) Where the Reference Portfolio Return on the Valuation Date is less than or equal to the Variable Return Threshold, the Variable Return will be equal to 0%.
- (ii) Where the Reference Portfolio Return on the Valuation Date is greater than the Variable Return Threshold, 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 the Variable Return Threshold.
- Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
- A daily secondary market is subject to availability and to early trading charges.
Dates
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Issue Date:
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12-Feb-2014
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Maturity date:
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12-Feb-2019
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Note term:
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5.0 years
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Call Val. Date 1:
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05-Aug-2014
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Call Val. Date 2:
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05-Feb-2015
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Call Val. Date 3:
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05-Aug-2015
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Call Val. Date 4:
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05-Feb-2016
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Call Val. Date 5:
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05-Aug-2016
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Call Val. Date 6:
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06-Feb-2017
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Call Val. Date 7:
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04-Aug-2017
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Call Val. Date 8:
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05-Feb-2018
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Call Val. Date 9:
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03-Aug-2018
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Final Valuation Date:
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05-Feb-2019
Price and Historical Values
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Last Updated Date:
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12-Feb-2015
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Current Price:
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US$104.01
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Current ETC:
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US$0.00
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Price Net of ETC:
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US$104.01
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Currency:
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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
Company | Initial Price | Current Price | Return |
iShares S&P/TSX 60 Index ETF | 20.09 | 19.84 | -1.24% |
SPDR S&P500 ETF Trust | 182.16 | 209.09 | 14.78% |
EURO STOXX 50 Price EUR | 3094.89 | 3445.26 | 11.32% |
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| | Lowest Reference Asset Return | -1.24% |
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Called on February 12, 2015 | | | |
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