NBC Issuer Callable Booster American Market (Decrement) Flex GIC, series 1
13440
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC29296
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ISM Code:
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Z56S4C
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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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Highlights
- 7-year term.
- Linked to the Solactive GBS United States 500 Hedged to CAD Index 3% Decrement.
- Principal amount fully protected at maturity by National Bank of Canada.
- Fixed Return applicable to the Call Dates:
Year 1: 6%, Year 2: 12%, Year 3: 18%, Year 4: 24%, Year 5: 30%, Year 6: 36%- Booster Return: 42%
- Booster Threshold: -10%
- Participation Factor: 5%
- Issuer Call Feature: the Bank may, in its sole discretion, call in whole but not in part the Deposits on any Call Date. If called, the Maturity Redemption Payment will be equal to the Principal Amount × [1 + Fixed Return applicable to the given Call Date + Variable Return].
- If the Deposits are not called on any Call Date, the Maturity Redemption Payment will be calculated as follows: (i) if the Reference Portfolio Return is equal to or higher than the Booster Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount × [1 + Booster Return + Variable Return]; or (ii) if the Reference Portfolio Return is lower than the Booster Threshold on the Final Valuation Date, the Maturity Redemption Payment will be equal to the Principal Amount.
- Variable Return is applicable where the Reference Portfolio Return is greater than the Fixed Return applicable to the given Call Date or the Booster Return on the Final Valuation Date, and the Variable Return will be equal to the product of (i) the Participation Factor and (ii) the amount by which the Reference Portfolio Return exceeds such Fixed Return or Booster Return, as applicable.
- Eligible for CDIC Deposit Insurance.
- Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
- Can be sold back to the Bank on a daily basis subject to normal market conditions. An investor who sells the Deposit prior to maturity may receive less than the Principal Amount per Deposit.
Dates
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Issue Date:
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11-Mar-2025
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Maturity date:
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11-Mar-2032
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Note term:
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7.0 years
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Valuation Date:
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04-Mar-2032
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Call Val. Date 1:
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04-Mar-2026
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Call Val. Date 2:
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04-Mar-2026
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Call Val. Date 3:
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04-Mar-2027
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Call Val. Date 4:
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04-Mar-2027
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Call Val. Date 5:
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06-Mar-2028
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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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05-Mar-2029
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Call Val. Date 8:
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05-Mar-2029
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Call Val. Date 9:
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04-Mar-2030
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Call Val. Date 10:
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04-Mar-2030
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Call Val. Date 11:
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04-Mar-2031
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Call Val. Date 12:
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04-Mar-2031
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Price and Historical Values
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Last Updated Date:
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08-May-2025
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Current Price:
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$97.82
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Current ETC:
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$1.80
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Price Net of ETC:
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$96.02
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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 | 5175.25 | 5246.55 | 1.38% | 100% |
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| | Reference Portfolio Return | 1.38% | |
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| | Indicative Variable Interest | 0.00% | |
| | Barrier | 5175.25 | |
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