NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, Class F, due on February 26, 2031

Current price: $103.75
As of 26-Aug-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC27445
ISM Code:
V46HC3
Ticker Symbol:
XSP
Index Page:
Link
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the iShares® S&P 500 Index ETF CAD Hedged.
  • Potential coupon payments: provided that the Reference Portfolio Return is equal to or greater than the Coupon Payment Threshold on the applicable Coupon Payment Valuation Date, Holders will be entitled to receive a coupon payment on each Coupon Payment Date.
  • Coupon Payment Threshold: -40%
  • Call Threshold: 10%.
  • Potential Coupon Payment: $7.50 p.a. paid semi-annually.
  • Maturity Barrier: -40%.
  • 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 + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Variable Return]; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative 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 negative and 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:
26-Feb-2024
Maturity date:
26-Feb-2031
Note term:
7.0 years
Call Val. Date 1:
19-Aug-2024
Call Val. Date 2:
19-Feb-2025
Call Val. Date 3:
19-Aug-2025
Call Val. Date 4:
19-Feb-2026
Call Val. Date 5:
19-Aug-2026
Call Val. Date 6:
19-Feb-2027
Call Val. Date 7:
19-Aug-2027
Call Val. Date 8:
18-Feb-2028
Call Val. Date 9:
21-Aug-2028
Call Val. Date 10:
16-Feb-2029
Call Val. Date 11:
20-Aug-2029
Call Val. Date 12:
19-Feb-2030
Call Val. Date 13:
19-Aug-2030
Final Valuation Date:
19-Feb-2031

Price and Historical Values

Last Updated Date:
26-Aug-2024
Current Price:
$103.75
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
iShares Core S&P 500 Index ETF CAD-Hedged53.1658.5810.20%100%
Reference Portfolio Return10.20%
Barrier31.896
Call Threshold10.00%
Called on Aug 26, 2024Call Threshold Value58.476