NBC Auto Callable Contingent Income Note Securities (Maturity-Monitored Barrier) linked to the Solactive GBS United States 500 Hedged to CAD Index 3% Decrement, Class F, due on October 16, 2031
12346
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC29630
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ISM Code:
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V450D1
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Ticker Symbol:
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US500CE3
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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 Solactive GBS United States 500 Hedged to CAD Index 3% Decrement.
- 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 18 months).
- Potential Coupon Payment: $8.28 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
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Issue Date:
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16-Oct-2024
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Maturity date:
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16-Oct-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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09-Apr-2026
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Call Val. Date 2:
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08-Oct-2026
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Call Val. Date 3:
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09-Apr-2027
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Call Val. Date 4:
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08-Oct-2027
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Call Val. Date 5:
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07-Apr-2028
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Call Val. Date 6:
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06-Oct-2028
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Call Val. Date 7:
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09-Apr-2029
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Call Val. Date 8:
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09-Oct-2029
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Call Val. Date 9:
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09-Apr-2030
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Call Val. Date 10:
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08-Oct-2030
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Call Val. Date 11:
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08-Apr-2031
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Final Valuation Date:
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08-Oct-2031
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Price and Historical Values
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Last Updated Date:
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20-Dec-2024
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Current Price:
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$100.14
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Currency:
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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
| Company | Initial Price | Current Price | Return | Weighting |
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| Solactive GBS United States 500 Hedged To CAD Index 3% Decrement | 5489.76 | 5566.20 | 1.39% | 100% |
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| | Reference Portfolio Return | 1.39% | |
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| | Indicative Variable Interest | 0.00% | |
| | Barrier | 3842.832 | |
| | Call Threshold | 10.00% | |
| | Call Threshold Value | 6038.736 | |
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