NBC Fixed Coupon Note Securities (Maturity-Monitored Barrier) linked to the Solactive Canada Bank 40 AR Index, due on November 21, 2030

Current price: $105.36
As of 02-May-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC25547
ISM Code:
V46GB7
Ticker Symbol:
SOLCAB40
Index Page:
Link
Index Guideline:
Link

Highlights

  • 7-year term.
  • Linked to the Solactive Canada Bank 40 AR Index.
  • Guaranteed Coupon Payment: $7.60 p.a. paid semi-annually.
  • Maturity Barrier: -30%.
  • If the Reference Portfolio Return is positive on the Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1+ Variable Return]; or
  • If the Reference Portfolio Return is nil or negative but equal to or higher than the Barrier on the Valuation Date, the Maturity Redemption Payment will be equal to $100; or
  • If the Reference Portfolio Return is negative and lower than the Barrier on the 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:
21-Nov-2023
Maturity date:
21-Nov-2030
Note term:
7.0 years
Valuation Date:
14-Nov-2030

Price and Historical Values

Last Updated Date:
02-May-2024
Current Price:
$105.36
Current ETC:
$2.10
Price Net of ETC:
$103.26
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 PriceCurrent PriceReturnWeighting
Solactive Canada Bank 40 AR Index720.48778.067.99%100%
Reference Portfolio Return7.99%
Indicative Variable Interest0.00%
Barrier504.336