NBC Auto Callable Contingent Memory Income Note Securities (Maturity-Monitored Barrier) linked to the American market (USD), due on October 23, 2031
12495
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC29716
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ISM Code:
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V46MG8
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Ticker Symbol:
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SPY
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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 SPDR® S&P 500® ETF Trust.
- 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, on the relevant Coupon Payment Date, the coupon payment which shall be computed by reference to both the coupon of US$6.25 (equivalent to 6.25% of the principal amount of each note security) and the coupon Variable Return
- Memory feature: coupon payments include any previously unpaid coupon payments.
- Coupon Payment Threshold: -25%
- Call Threshold: 5%.
- Potential Coupon Payment: US$6.25 p.a. paid semi-annually.
- Maturity Barrier: -25%.
- 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 x [1 + Variable Return]; or
- If the Note Securities are not automatically called and the Reference Portfolio Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to US$100 x [1 + Variable Return]; or
- If the Note Securities are not automatically called and the Reference Portfolio Return 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 x [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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23-Oct-2024
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Sales Period:
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17-Oct-2024 - 17-Oct-2024
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Maturity date:
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23-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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15-Apr-2025
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Call Val. Date 2:
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16-Oct-2025
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Call Val. Date 3:
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16-Apr-2026
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Call Val. Date 4:
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16-Oct-2026
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Call Val. Date 5:
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16-Apr-2027
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Call Val. Date 6:
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18-Oct-2027
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Call Val. Date 7:
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17-Apr-2028
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Call Val. Date 8:
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16-Oct-2028
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Call Val. Date 9:
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16-Apr-2029
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Call Val. Date 10:
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16-Oct-2029
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Call Val. Date 11:
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15-Apr-2030
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Call Val. Date 12:
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16-Oct-2030
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Call Val. Date 13:
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16-Apr-2031
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Final Valuation Date:
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16-Oct-2031
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Legal Notice
Portfolio
Company | Initial Price | Current Price | Return | Weighting |
SPDR S&P 500 ETF Trust | 0.00 | 582.30 | | 100% |
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| | Reference Portfolio Return | 0.00% | |
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| | Barrier | 0 | |
| | Call Threshold | 5.00% | |
| | Call Threshold Value | 0 | |
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