NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Solactive United States Big Banks Index 3.25% AR (USD), due on September 15, 2031
12176
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC29532
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ISM Code:
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V46LK8
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Ticker Symbol:
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SOUSBB3
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Index Page:
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Link
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Index Guideline:
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Link
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Educational Summary:
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Link
Highlights
- 7.01-year term.
- Linked to the Solactive United States Big Banks 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: 5% (starting after 12 months).
- Potential Coupon Payment: US$8.04 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 US$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 US$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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13-Sep-2024
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Sales Period:
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30-Aug-2024 - 09-Sep-2024
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Maturity date:
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15-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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08-Sep-2025
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Call Val. Date 2:
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06-Mar-2026
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Call Val. Date 3:
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04-Sep-2026
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Call Val. Date 4:
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08-Mar-2027
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Call Val. Date 5:
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03-Sep-2027
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Call Val. Date 6:
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06-Mar-2028
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Call Val. Date 7:
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06-Sep-2028
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Call Val. Date 8:
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06-Mar-2029
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Call Val. Date 9:
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06-Sep-2029
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Call Val. Date 10:
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06-Mar-2030
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Call Val. Date 11:
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06-Sep-2030
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Call Val. Date 12:
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06-Mar-2031
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Final Valuation Date:
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08-Sep-2031
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Legal Notice
Portfolio
| Company | Initial Price | Current Price | Return | Weighting |
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| Solactive United States Big Banks Index 3.25% AR | 0.00 | 1950.31 | | 100% |
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| | Reference Portfolio Return | 0.00% | |
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| | Barrier | 0 | |
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| | Call Threshold | 5.00% | |
| | Call Threshold Value | 0 | |
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