NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian energy companies, due on April 23, 2019

Current price: $48.30
As of 23-Apr-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC2634
ISM Code:
V75783
Ticker Symbol:
ARX, BTE, CNQ, COS, CPG, CVE, ECA, HSE, IMO, PRE, SU, TOU
Educational Summary:
Link

Highlights

  • 5-year term.
  • Linked to the common shares of 12 Canadian energy companies (price return).
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Year 1: 9% ; Year 2: 15% ; Year 3: 20% ; Year 4: 25% ; Year 5: 30%.
  • 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-Monitored Barrier: -20%.
  • If the Reference Portfolio 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 $100 x [1 + the Fixed Return applicable to the given Call Valuation Date + the Variable Return].
  • 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 + the Fixed Return applicable to the Final Valuation Date + the Variable Return].
  • If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative but higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100.
  • If the Note Securities are not automatically called and the Reference Portfolio Return is negative and equal to or 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.
  • A daily secondary market is subject to availability and to early trading charges.

Dates

Issue Date:
23-Apr-2014
Maturity date:
23-Apr-2019
Note term:
5.0 years
Call Val. Date 1:
16-Apr-2015
Call Val. Date 2:
18-Apr-2016
Call Val. Date 3:
17-Apr-2017
Call Val. Date 4:
16-Apr-2018
Final Valuation Date:
15-Apr-2019

Price and Historical Values

Last Updated Date:
23-Apr-2019
Current Price:
$48.30
Current ETC:
$0.00
Price Net of ETC:
$48.30
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.

Note

On May 6, 2016, Canadian Natural Resources Limited (“CNQ”) announced the details of a plan of arrangement (the “Arrangement”) in respect of a return of capital to shareholders of CNQ. Under the arrangement, shareholders of CNQ will receive 0.02 of a common share of Prairiesky Royalty Ltd. for each CNQ common share, or cash equivalent, depending on the number of shares owned. Once the arrangement becomes effective, it triggers a Potential Adjustment Event as per the terms of the Prospectus of the Note Securities. As a result thereof, the Calculation Agent made adjustments to the Initial Value of the common shares of CNQ in the Reference Portfolio, effective June 1, 2016. On March 21, 2016, Suncor Energy Inc. (“Suncor”) and Canadian Oil Sands Limited (“COS”) announced that the acquisition of COS by Suncor has been completed. As a result thereof, the common shares of COS will cease to be traded on the Toronto Stock Exchange. Accordingly, we hereby advise the Holders of the Note Securities that, as of March 24, 2016, the common shares of COS have been replaced by the common shares of Enerplus Corporation (trading under ticker “ERF”) as a Reference Asset in the Reference Portfolio of the Note Securities in accordance with the terms and conditions of the Prospectus. All calculations in respect of the Reference Portfolio Return that were based on the price return of the common shares of COS will be, from March 24, 2016 until maturity, based on the price return of the common shares of Enerplus Corporation.

Legal Notice

Portfolio

CompanyInitial Price
ARC Resources Ltd32.88
Baytex Energy Corp46.59
Canadian Natural Resources Ltd44.91
Crescent Point Energy Corporation44.42
Cenovus Energy Inc.32.66
Encana Corporation25.54
Enerplus Corp11.53
Frontera Energy Corp2019000.00
Husky Energy Inc.36.31
Imperial Oil Limited52.61
Suncor Energy Inc.41.37
TOU55.14