NBC Variable ROC Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian companies, due on November 12, 2019

Current price: $102.50
As of 12-Nov-2019

General Information

Issuer:
NBC
FundSERV Code:
NBC1168
ISM Code:
V78106
Ticker Symbol:
AGU, BTE, CNR, IMO, POW, RCI/B, RY, SLF, SU, TCK/B

Highlights

  • 5.5-year term.
  • Linked to the units of a portfolio of Canadian companies (price return).
  • Potential ROC Payments: Provided that the Reference Portfolio Return is higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive ROC Payments of $2.50.
  • Participation Factor: 5%.
  • Maturity-Monitored Barrier: -25%.
  • ROC Threshold: -25%.
  • If the Reference Portfolio Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1+(Participation Factor x Reference Portfolio Return)].
  • If 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 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:
09-May-2014
Maturity date:
12-Nov-2019
Note term:
5.5 years
Valuation Date:
06-Nov-2019

Price and Historical Values

Last Updated Date:
12-Nov-2019
Current Price:
$102.50
Current ETC:
$0.00
Price Net of ETC:
$102.50
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 January 2, 2018, a merger was completed between Agrium Inc. (hereinafter “Agrium”) (TSX: AGU) and Potash Corporation of Saskatchewan Inc. (TSX: POT) which led to the creation of a new public issuer, Nutrien Ltd. (hereinafter “Nutrien”) (TSX: NTR). This event triggered a Substitution Event in connection with the Reference Portfolio of the Note Securities as per the terms and conditions of the Prospectus relating to the Note Securities. As such, we hereby advise the Holders of the Note Securities that, as of January 2, 2018, the common shares of Agrium have been replaced by the common shares of Nutrien in the Reference Portfolio of the Note Securities in accordance with the terms and conditions of the Prospectus.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 of the common shares of Agrium are, from January 2, 2018, until maturity, based on the price of the common shares of Nutrien.

Legal Notice

Portfolio

CompanyInitial Price
Baytex Energy Corp45.04
Canadian National Railway Company64.13
Imperial Oil Limited52.68
Nutrien Ltd44.52
Power Corporation of Canada30.53
Rogers Communications Inc. - Class B44.31
Royal Bank of Canada73.09
Sun Life Financial Inc.37.59
Suncor Energy Inc.42.14
Teck Resources Limited - Class B24.38