NBC Variable ROC Auto Callable Note Securities (Maturity-Monitored Barrier) linked to a portfolio of Canadian banks, due on January 28, 2021
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General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC1740
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ISM Code:
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V78834
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Highlights
- 6-year term.
- Linked to a portfolio of Canadian Banks.
- Potential ROC Payments: Provided that the Reference Asset Return is higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive a ROC Payment on the applicable ROC Payment Date.
- ROC Payment Threshold: -20%.
- Call Threshold: 20%.
- Potential ROC Payments : $2.875 semi-annually.
- Participation Factor of 5%.
- Maturity-Monitored Barrier: -20%.
- If the Reference Portfolio Return is 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 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 $100 x [1 + 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.
- A daily secondary market is subject to availability and to early trading charges.
Dates
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Issue Date:
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28-Jan-2015
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Maturity date:
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28-Jan-2021
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Note term:
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6.0 years
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Call Val. Date 1:
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21-Jul-2015
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Call Val. Date 2:
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21-Jan-2016
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Call Val. Date 3:
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21-Jul-2016
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Call Val. Date 4:
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23-Jan-2017
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Call Val. Date 5:
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21-Jul-2017
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Call Val. Date 6:
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22-Jan-2018
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Call Val. Date 7:
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23-Jul-2018
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Call Val. Date 8:
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21-Jan-2019
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Call Val. Date 9:
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22-Jul-2019
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Call Val. Date 10:
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21-Jan-2020
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Call Val. Date 11:
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21-Jul-2020
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Final Valuation Date:
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21-Jan-2021
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Final Valuation Date:
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21-Jan-2021
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ROC Payment Valuation Date 1:
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21-Jul-2015
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ROC Payment Valuation Date 2:
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21-Jan-2016
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ROC Payment Valuation Date 3:
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21-Jul-2016
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ROC Payment Valuation Date 4:
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21-Jan-2017
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ROC Payment Valuation Date 5:
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21-Jul-2017
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ROC Payment Valuation Date 6:
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21-Jan-2018
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ROC Payment Valuation Date 7:
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21-Jul-2018
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ROC Payment Valuation Date 8:
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21-Jan-2019
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ROC Payment Valuation Date 9:
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22-Jul-2019
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ROC Payment Valuation Date 10:
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21-Jan-2020
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ROC Payment Valuation Date 11:
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21-Jul-2020
Price and Historical Values
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Last Updated Date:
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30-Jan-2017
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Current Price:
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$104.20
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Current ETC:
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$0.00
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Price Net of ETC:
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$104.20
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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 | Final Price | Return |
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| Bank of Montreal | 77.25 | 98.85 | 27.96% |
| Bank of Nova Scotia/The | 62.52 | 77.50 | 23.96% |
| Canadian Imperial Bank of Commerce | 91.36 | 111.16 | 21.67% |
| Royal Bank of Canada | 73.93 | 94.09 | 27.27% |
| Toronto-Dominion Bank/The | 51.19 | 67.33 | 31.53% |
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| | Reference Portfolio Return | 26.48% |
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| | Indicative Variable Interest | 1.32% |
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| | Call Threshold | 20.00% |
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| Called on January 30, 2017 | | | |
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