NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian companies, Class F, due on July 18, 2031

Current price: N/A
As of

General Information

Issuer:
NBC
FundSERV Code:
NBC27957
ISM Code:
V46KP8
Ticker Symbol:
BCE, BNS, CM, ENB, GWO, MFC, PPL, T, TD, TRP
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to Canadian companies.
  • 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: 0% (starting after 36 months).
  • Potential Coupon Payment: $8.58 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; or
  • If the Note Securities are not automatically called and the Reference Portfolio Return is positive or 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 US$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 × [1 + Reference Portfolio Return].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
18-Jul-2024
Maturity date:
18-Jul-2031
Note term:
7.0 years
Call Val. Date 1:
12-Jul-2027
Call Val. Date 2:
11-Aug-2027
Call Val. Date 3:
13-Sep-2027
Call Val. Date 4:
08-Oct-2027
Call Val. Date 5:
10-Nov-2027
Call Val. Date 6:
13-Dec-2027
Call Val. Date 7:
11-Jan-2028
Call Val. Date 8:
11-Feb-2028
Call Val. Date 9:
13-Mar-2028
Call Val. Date 10:
10-Apr-2028
Call Val. Date 11:
11-May-2028
Call Val. Date 12:
12-Jun-2028
Call Val. Date 13:
11-Jul-2028
Call Val. Date 14:
11-Aug-2028
Call Val. Date 15:
11-Sep-2028
Call Val. Date 16:
11-Oct-2028
Call Val. Date 17:
10-Nov-2028
Call Val. Date 18:
11-Dec-2028
Call Val. Date 19:
11-Jan-2029
Call Val. Date 20:
12-Feb-2029
Call Val. Date 21:
12-Mar-2029
Call Val. Date 22:
11-Apr-2029
Call Val. Date 23:
11-May-2029
Call Val. Date 24:
11-Jun-2029
Call Val. Date 25:
11-Jul-2029
Call Val. Date 26:
13-Aug-2029
Call Val. Date 27:
11-Sep-2029
Call Val. Date 28:
11-Oct-2029
Call Val. Date 29:
09-Nov-2029
Call Val. Date 30:
11-Dec-2029
Call Val. Date 31:
11-Jan-2030
Call Val. Date 32:
11-Feb-2030
Final Valuation Date:
11-Jul-2031

Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
BCE Inc.0.0044.2810%
Bank of Nova Scotia0.0064.1510%
Canadian Imperial Bank of Commerce0.0066.9910%
Enbridge Inc.0.0049.2410%
Great-West Lifeco Inc.0.0040.0710%
Manulife Financial Corporation0.0037.0010%
Pembina Pipeline Corporation0.0051.4910%
TELUS Corporation0.0021.1910%
Toronto-Dominion Bank0.0077.3710%
TC Energy Corporation0.0053.1710%
Reference Portfolio Return0.00%
Call Threshold0.00%