NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Canadian market, due on September 9, 2031
12112
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC29496
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ISM Code:
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V46LF3
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Ticker Symbol:
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XIU
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Index Page:
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Link
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Educational Summary:
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Link
Highlights
- 7-year term.
- Linked to the iShares® S&P/TSX 60® ETF.
- 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%.
- Potential Coupon Payment: $6.06 p.a. paid quarterly.
- 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 $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
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Issue Date:
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09-Sep-2024
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Sales Period:
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23-Aug-2024 - 03-Sep-2024
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Maturity date:
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09-Sep-2031
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Note term:
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7.0 years
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Call Val. Date 1:
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03-Mar-2025
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Call Val. Date 2:
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02-Sep-2025
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Call Val. Date 3:
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02-Mar-2026
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Call Val. Date 4:
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01-Sep-2026
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Call Val. Date 5:
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02-Mar-2027
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Call Val. Date 6:
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01-Sep-2027
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Call Val. Date 7:
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02-Mar-2028
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Call Val. Date 8:
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01-Sep-2028
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Call Val. Date 9:
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02-Mar-2029
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Call Val. Date 10:
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31-Aug-2029
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Call Val. Date 11:
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04-Mar-2030
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Call Val. Date 12:
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30-Aug-2030
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Call Val. Date 13:
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03-Mar-2031
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Final Valuation Date:
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02-Sep-2031
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Legal Notice
Portfolio
Company | Initial Price | Current Price | Return | Weighting |
iShares® S&P/TSX 60 Index ETF | 0.00 | 35.31 | | 100% |
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| | Reference Portfolio Return | 0.00% | |
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| | Barrier | 0 | |
| | Call Threshold | 10.00% | |
| | Call Threshold Value | 0 | |
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