NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the American market, Class F, due on October 7, 2031

Current price: $99.89
As of 20-Dec-2024

General Information

Issuer:
NBC
FundSERV Code:
NBC29581
ISM Code:
V46LV2
Ticker Symbol:
XSP
Index Page:
Link
Educational Summary:
Link

Highlights

  • 7-year term.
  • Linked to the iShares® S&P 500 Index ETF CAD Hedged.
  • 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: $7.50 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; 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

Issue Date:
07-Oct-2024
Maturity date:
07-Oct-2031
Note term:
7.0 years
Call Val. Date 1:
31-Mar-2025
Call Val. Date 2:
30-Apr-2025
Call Val. Date 3:
02-Jun-2025
Call Val. Date 4:
26-Jun-2025
Call Val. Date 5:
30-Jul-2025
Call Val. Date 6:
29-Aug-2025
Call Val. Date 7:
29-Sep-2025
Call Val. Date 8:
31-Oct-2025
Call Val. Date 9:
01-Dec-2025
Call Val. Date 10:
02-Jan-2026
Call Val. Date 11:
02-Feb-2026
Call Val. Date 12:
02-Mar-2026
Call Val. Date 13:
30-Mar-2026
Call Val. Date 14:
30-Apr-2026
Call Val. Date 15:
01-Jun-2026
Call Val. Date 16:
26-Jun-2026
Call Val. Date 17:
30-Jul-2026
Call Val. Date 18:
31-Aug-2026
Call Val. Date 19:
29-Sep-2026
Call Val. Date 20:
02-Nov-2026
Call Val. Date 21:
30-Nov-2026
Call Val. Date 22:
04-Jan-2027
Call Val. Date 23:
01-Feb-2027
Call Val. Date 24:
01-Mar-2027
Call Val. Date 25:
31-Mar-2027
Call Val. Date 26:
30-Apr-2027
Call Val. Date 27:
28-May-2027
Call Val. Date 28:
28-Jun-2027
Call Val. Date 29:
30-Jul-2027
Call Val. Date 30:
30-Aug-2027
Call Val. Date 31:
29-Sep-2027
Call Val. Date 32:
01-Nov-2027
Final Valuation Date:
29-Sep-2031

Price and Historical Values

Last Updated Date:
20-Dec-2024
Current Price:
$99.89
Currency:
CAN

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.

Legal Notice

Portfolio

CompanyInitial PriceCurrent PriceReturnWeighting
iShares Core S&P 500 Index ETF CAD-Hedged59.4461.924.17%100%
Reference Portfolio Return4.17%
Indicative Variable Interest0.00%
Barrier41.608
Call Threshold10.00%
Call Threshold Value65.384