NBC Auto Callable Canadian Equity Flex GIC, series 40F
10703
General Information
-
-
-
Issuer:
-
NBC
-
FundSERV Code:
-
NBC28658
-
ISM Code:
-
Z58XF5
-
Ticker Symbol:
-
BCE, BNS, CM, ENB, GWO, MFC, PPL, T, TD, TRP
-
-
-
-
-
-
-
-
Highlights
- 7-year term.
- Linked to Canadian companies.
- Principal amount fully protected at maturity by National Bank of Canada.
- Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is equal to or greater than the Call Threshold:
Year 1: 10.75%, Year 2: 21.50%, Year 3: 32.25%, Year 4: 43%, Year 5: 53.75%, Year 6: 64.50%, Year 7: 75.25%
- Call Threshold: 0%.
- Variable Return is applicable where the Reference Portfolio Return is greater than the Fixed Return applicable to the given Call Valuation Date or Final Valuation Date, and 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 such Fixed Return.
- Participation Factor: 5%
- if the Reference Portfolio Return is equal to or higher than the Call Threshold on a Call Valuation Date, the Deposits will be automatically called on the applicable Call Date and the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
- if the Deposits are not automatically called and the Reference Portfolio Return is equal to or higher than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
- if the Deposits are not automatically called and the Reference Portfolio Return is lower than the Call Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount.
- Eligible for CDIC Deposit Insurance.
- Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
- Can be sold back to the Bank on a daily basis subject to normal market conditions. An investor who sells the Deposit prior to maturity may receive less than the Principal Amount per Deposit.
Dates
-
Issue Date:
-
28-Nov-2023
-
Maturity date:
-
28-Nov-2030
-
Note term:
-
7.0 years
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Call Val. Date 1:
-
21-Nov-2024
-
Call Val. Date 2:
-
21-Nov-2025
-
Call Val. Date 3:
-
23-Nov-2026
-
Call Val. Date 4:
-
22-Nov-2027
-
Call Val. Date 5:
-
21-Nov-2028
-
Call Val. Date 6:
-
21-Nov-2029
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Final Valuation Date:
-
21-Nov-2030
-
-
Price and Historical Values
-
Last Updated Date:
-
28-Nov-2024
-
Current Price:
-
$111.57
-
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
| Company | Initial Price | Final Price | Return | Weighting |
|---|
| BCE Inc. | 53.27 | 37.27 | -30.04% | 10% |
| Bank of Nova Scotia | 57.57 | 78.50 | 36.36% | 10% |
| Canadian Imperial Bank of Commerce | 52.39 | 91.11 | 73.91% | 10% |
| Enbridge Inc. | 46.37 | 60.79 | 31.10% | 10% |
| Great-West Lifeco Inc. | 43.51 | 49.81 | 14.48% | 10% |
| Manulife Financial Corporation | 26.22 | 45.66 | 74.14% | 10% |
| Pembina Pipeline Corporation | 45.01 | 60.31 | 33.99% | 10% |
| TELUS Corporation | 24.04 | 21.38 | -11.06% | 10% |
| Toronto-Dominion Bank | 82.61 | 78.11 | -5.45% | 10% |
| TC Energy Corporation | 46.15 | 70.14 | 51.98% | 9% |
| South Bow Corporation | 22.55 | 37.31 | 65.46% | 1% |
| | | | |
| | Reference Portfolio Return | 27.06% | |
|---|
| | | | |
| | | | |
| | Call Threshold | 0.00% | |
|---|
| Called on Nov 28, 2024 | | | | |
|