NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Solactive United States Big Banks Hedged to CAD Index 3.25% AR, Class F, due on July 16, 2031

Current price: $96.19
As of 08-May-2025

General Information

Issuer:
NBC
FundSERV Code:
NBC27937
ISM Code:
V46KK7
Ticker Symbol:
SOUSBBC3
Index Page:
Link
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the Solactive United States Big Banks Hedged to CAD Index 3.25% AR.
  • 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: -30%
  • Call Threshold: 10% (starting after 6 months).
  • Potential Coupon Payment: $10.50 p.a. paid monthly.
  • Maturity Barrier: -30%.
  • 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:
16-Jul-2024
Maturity date:
16-Jul-2031
Note term:
7.0 years
Call Val. Date 1:
10-Jan-2025
Call Val. Date 2:
09-Apr-2025
Call Val. Date 3:
09-Jul-2025
Call Val. Date 4:
08-Oct-2025
Call Val. Date 5:
09-Jan-2026
Call Val. Date 6:
09-Apr-2026
Call Val. Date 7:
09-Jul-2026
Call Val. Date 8:
08-Oct-2026
Call Val. Date 9:
11-Jan-2027
Call Val. Date 10:
09-Apr-2027
Call Val. Date 11:
09-Jul-2027
Call Val. Date 12:
08-Oct-2027
Call Val. Date 13:
10-Jan-2028
Call Val. Date 14:
07-Apr-2028
Call Val. Date 15:
10-Jul-2028
Call Val. Date 16:
06-Oct-2028
Call Val. Date 17:
08-Jan-2029
Call Val. Date 18:
09-Apr-2029
Call Val. Date 19:
09-Jul-2029
Call Val. Date 20:
09-Oct-2029
Call Val. Date 21:
09-Jan-2030
Call Val. Date 22:
09-Apr-2030
Call Val. Date 23:
09-Jul-2030
Call Val. Date 24:
08-Oct-2030
Call Val. Date 25:
09-Jan-2031
Call Val. Date 26:
08-Apr-2031
Call Val. Date 27:
09-Jul-2031
Final Valuation Date:
09-Jul-2031

Price and Historical Values

Last Updated Date:
08-May-2025
Current Price:
$96.19

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

Please note that the Call Valuation Date and the Coupon Payment Valuation Date, initially set for January 9, 2025, have been postponed to January 10, 2025, as the former date was not a Trading Day due to the National Day of Mourning for former American President Jimmy Carter. Therefore, the corresponding Call Date and Coupon Payment Date have also been postponed to the next Business Day.

Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
Solactive United States Big Banks Hedged to CAD Index 3.25% AR1626.191800.1210.70%100%
Reference Portfolio Return10.70%
Indicative Variable Interest0.00%
Barrier1138.333
Call Threshold10.00%
Call Threshold Value1788.809