NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Solactive Equal Weight Canada Bank 21 AR Index, Class F, due on June 27, 2031

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC27872
ISM Code:
V46KA2
Ticker Symbol:
SOLBEW21
Index Page:
Link
Index Guideline:
Link
Index Fact Sheet:
Link
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to Solactive Equal Weight Canada Bank 21 AR Index.
  • 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% (starting after 12 months).
  • Potential Coupon Payment: $8.28 p.a. paid monthly.
  • 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:
27-Jun-2024
Sales Period:
07-Jun-2024 - 20-Jun-2024
Maturity date:
27-Jun-2031
Note term:
7.0 years
Call Val. Date 1:
19-Jun-2025
Call Val. Date 2:
21-Jul-2025
Call Val. Date 3:
20-Aug-2025
Call Val. Date 4:
22-Sep-2025
Call Val. Date 5:
20-Oct-2025
Call Val. Date 6:
20-Nov-2025
Call Val. Date 7:
18-Dec-2025
Call Val. Date 8:
20-Jan-2026
Call Val. Date 9:
20-Feb-2026
Call Val. Date 10:
20-Mar-2026
Call Val. Date 11:
20-Apr-2026
Call Val. Date 12:
20-May-2026
Call Val. Date 13:
19-Jun-2026
Call Val. Date 14:
20-Jul-2026
Call Val. Date 15:
20-Aug-2026
Call Val. Date 16:
21-Sep-2026
Call Val. Date 17:
20-Oct-2026
Call Val. Date 18:
20-Nov-2026
Call Val. Date 19:
18-Dec-2026
Call Val. Date 20:
20-Jan-2027
Call Val. Date 21:
22-Feb-2027
Call Val. Date 22:
19-Mar-2027
Call Val. Date 23:
20-Apr-2027
Call Val. Date 24:
19-May-2027
Call Val. Date 25:
18-Jun-2027
Call Val. Date 26:
20-Jul-2027
Call Val. Date 27:
20-Aug-2027
Call Val. Date 28:
20-Sep-2027
Call Val. Date 29:
20-Oct-2027
Call Val. Date 30:
22-Nov-2027
Call Val. Date 31:
20-Dec-2027
Call Val. Date 32:
20-Jan-2028
Call Val. Date 33:
18-Feb-2028
Call Val. Date 34:
20-Mar-2028
Call Val. Date 35:
20-Apr-2028
Call Val. Date 36:
19-May-2028
Call Val. Date 37:
19-Jun-2028
Call Val. Date 38:
20-Jul-2028
Call Val. Date 39:
21-Aug-2028
Call Val. Date 40:
20-Sep-2028
Call Val. Date 41:
20-Oct-2028
Call Val. Date 42:
20-Nov-2028
Call Val. Date 43:
18-Dec-2028
Call Val. Date 44:
22-Jan-2029
Call Val. Date 45:
20-Feb-2029
Call Val. Date 46:
20-Mar-2029
Call Val. Date 47:
20-Apr-2029
Call Val. Date 48:
18-May-2029
Call Val. Date 49:
19-Jun-2029
Call Val. Date 50:
20-Jul-2029
Call Val. Date 51:
20-Aug-2029
Call Val. Date 52:
20-Sep-2029
Call Val. Date 53:
22-Oct-2029
Call Val. Date 54:
20-Nov-2029
Call Val. Date 55:
18-Dec-2029
Call Val. Date 56:
21-Jan-2030
Call Val. Date 57:
20-Feb-2030
Call Val. Date 58:
20-Mar-2030
Call Val. Date 59:
22-Apr-2030
Call Val. Date 60:
17-May-2030
Call Val. Date 61:
19-Jun-2030
Call Val. Date 62:
22-Jul-2030
Call Val. Date 63:
20-Aug-2030
Call Val. Date 64:
20-Sep-2030
Call Val. Date 65:
21-Oct-2030
Call Val. Date 66:
20-Nov-2030
Call Val. Date 67:
18-Dec-2030
Call Val. Date 68:
20-Jan-2031
Call Val. Date 69:
20-Feb-2031
Call Val. Date 70:
20-Mar-2031
Call Val. Date 71:
21-Apr-2031
Call Val. Date 72:
20-May-2031
Final Valuation Date:
19-Jun-2031

Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
Solactive Equal Weight Canada Banks 21 AR Index0.00405.96100%
Reference Portfolio Return0.00%
Barrier0
Call Threshold10.00%
Call Threshold Value0