NBC Auto Callable Contingent Income American Banks (AR) GIC, series 2F

Current price: $100.00
As of 04-Feb-2025

General Information

Issuer:
NBC
FundSERV Code:
NBC29191
ISM Code:
Z56K2N
Ticker Symbol:
SOUSBBC3
Index Page:
Link

Highlights

  • 7.01-year term.
  • Linked to the Solactive United States Big Banks Hedged to CAD Index 3.25% AR.
  • Principal amount fully protected at maturity by National Bank of Canada.
  • 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: -20%
  • Call Threshold: 10% (starting after 12 months).
  • Potential Coupon Payment: $5.28 p.a. paid monthly.
  • If the Reference Portfolio Return is equal to or higher than the Call Threshold on a Call Valuation Date, the Deposits will be automatically called on the applicable Call Date and the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Variable Return]; or
  • If the Deposits are not automatically called and the Reference Portfolio Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount x [1 + Variable Return]; or
  • If the Deposits are not automatically called and the Reference Portfolio Return is nil or negative on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount.
  • Eligible for CDIC Deposit Insurance.
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • No secondary market.

Dates

Issue Date:
27-Dec-2024
Maturity date:
29-Dec-2031
Note term:
7.0 years
Call Val. Date 1:
18-Dec-2025
Call Val. Date 2:
20-Jan-2026
Call Val. Date 3:
20-Feb-2026
Call Val. Date 4:
20-Mar-2026
Call Val. Date 5:
20-Apr-2026
Call Val. Date 6:
19-May-2026
Call Val. Date 7:
18-Jun-2026
Call Val. Date 8:
20-Jul-2026
Call Val. Date 9:
20-Aug-2026
Call Val. Date 10:
21-Sep-2026
Call Val. Date 11:
20-Oct-2026
Call Val. Date 12:
19-Nov-2026
Call Val. Date 13:
18-Dec-2026
Call Val. Date 14:
20-Jan-2027
Call Val. Date 15:
22-Feb-2027
Call Val. Date 16:
19-Mar-2027
Call Val. Date 17:
20-Apr-2027
Call Val. Date 18:
19-May-2027
Call Val. Date 19:
17-Jun-2027
Call Val. Date 20:
20-Jul-2027
Call Val. Date 21:
20-Aug-2027
Call Val. Date 22:
20-Sep-2027
Call Val. Date 23:
20-Oct-2027
Call Val. Date 24:
19-Nov-2027
Call Val. Date 25:
17-Dec-2027
Call Val. Date 26:
20-Jan-2028
Call Val. Date 27:
18-Feb-2028
Call Val. Date 28:
20-Mar-2028
Call Val. Date 29:
20-Apr-2028
Call Val. Date 30:
19-May-2028
Call Val. Date 31:
16-Jun-2028
Call Val. Date 32:
20-Jul-2028
Final Valuation Date:
18-Dec-2031

Price and Historical Values

Last Updated Date:
04-Feb-2025
Current Price:
$100.00
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
Solactive United States Big Banks Hedged to CAD Index 3.25% AR1729.471959.9713.33%100%
Reference Portfolio Return13.33%
Indicative Variable Interest0.00%
Call Threshold10.00%
Call Threshold Value1902.417