NBC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian Energy companies, class F, due on December 4, 2017

Current price: $100.00
As of 04-Dec-2017

General Information

Issuer:
NBC
FundSERV Code:
NBC2802
ISM Code:
V75786
Ticker Symbol:
CNQ, CPG, HSE, IMO, SU
Educational Summary:
Link

Highlights

  • 3-year term.
  • Linked to the common shares of 5 Canadian energy companies (price return).
  • Fixed Return applicable to the Call Valuation Dates if the Reference Portfolio Return is then positive: Year 1: 10% ; Year 2: 20% ; Year 3: 30%.
  • Variable Return is applicable where the Reference Portfolio Return is greater than the Fixed Return applicable to the given Call Valuation Date or 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.
  • Participation Factor: 5%.
  • Maturity-Monitored Barrier: -35%.
  • If the Reference Portfolio Return is positive 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 x [1 + the Fixed Return applicable to the given Call Valuation Date + the Variable Return].
  • 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 $100 x [1 + the Fixed Return applicable to the Final Valuation Date + the Variable Return].
  • If the Note Securities are not automatically called and the Reference Portfolio Return is nil or negative but higher than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100.
  • If the Note Securities are not automatically called and the Reference Portfolio Return is negative and equal to or lower than the Barrier on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Reference Portfolio Return].
  • Eligible for RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs.
  • Daily secondary market available under normal market conditions.

Dates

Issue Date:
04-Dec-2014
Maturity date:
04-Dec-2017
Note term:
3.0 years
Call Val. Date 1:
27-Nov-2015
Call Val. Date 2:
28-Nov-2016
Final Valuation Date:
27-Nov-2017

Price and Historical Values

Last Updated Date:
04-Dec-2017
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.

Note

On May 6, 2016, Canadian Natural Resources Limited (“CNQ”) announced the details of a plan of arrangement (the “Arrangement”) in respect of a return of capital to shareholders of CNQ. Under the arrangement, shareholders of CNQ will receive 0.02 of a common share of Prairiesky Royalty Ltd. for each CNQ common share, or cash equivalent, depending on the number of shares owned. Once the arrangement becomes effective, it triggers a Potential Adjustment Event as per the terms of the Prospectus of the Note Securities. As a result thereof, the Calculation Agent made adjustments to the Initial Value of the common shares of CNQ in the Reference Portfolio, effective June 1, 2016.

Legal Notice

Portfolio

CompanyInitial PriceFinal PriceReturn
Canadian Natural Resources Ltd36.7342.8116.57%
Crescent Point Energy Corp27.639.13-66.96%
Husky Energy Inc24.0115.17-36.82%
Imperial Oil Ltd52.9339.30-25.75%
Suncor Energy Inc35.8944.4323.79%
Reference Portfolio Return-17.83%
Indicative Variable Interest0.00%
Called on December 04, 2017