NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to the Solactive Canada Insurance 185 AR Index, due on December 2, 2030

Current price: $106.89
As of 03-Jun-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC24560
ISM Code:
V46GB5
Ticker Symbol:
SOCIN185
Index Page:
Link
Index Guideline:
Link
Index Fact Sheet:
Link
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the Solactive Canada Insurance 185 AR Index.
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is equal to or greater than the Call Threshold: 6M: 6.63% | 12M: 13.25% | 18M: 19.88% | 24M: 26.50% | 30M: 33.13% | 36M: 39.75% | 42M: 46.38% | 48M: 53% | 54M: 59.63% | 60M: 66.25% | 66M: 72.88% | 72M: 79.50% | 78M: 86.13% | 84M: 92.75%
  • 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%
  • 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 + Fixed Return applicable to the given Call Valuation Date + Variable Return]; or
  • If the Note Securities 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 $100 x [1 + Fixed Return applicable to the Final Valuation Date + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is lower than the Call Threshold 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 lower than the Call Threshold and is 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.

Dates

Issue Date:
01-Dec-2023
Maturity date:
02-Dec-2030
Note term:
7.0 years
Call Val. Date 1:
27-May-2024
Call Val. Date 2:
25-Nov-2024
Call Val. Date 3:
26-May-2025
Call Val. Date 4:
24-Nov-2025
Call Val. Date 5:
25-May-2026
Call Val. Date 6:
24-Nov-2026
Call Val. Date 7:
25-May-2027
Call Val. Date 8:
24-Nov-2027
Call Val. Date 9:
25-May-2028
Call Val. Date 10:
24-Nov-2028
Call Val. Date 11:
25-May-2029
Call Val. Date 12:
26-Nov-2029
Call Val. Date 13:
27-May-2030
Final Valuation Date:
25-Nov-2030

Price and Historical Values

Last Updated Date:
03-Jun-2024
Current Price:
$106.89
Current ETC:
$0.00
Price Net of ETC:
$106.89
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

CompanyInitial PriceFinal PriceReturnWeighting
Solactive Canada Insurance 185 AR Index3451.613865.5511.99%100%
Reference Portfolio Return11.99%
Barrier2416.127
Call Threshold0.00%
Called on Jun 03, 2024