NBC Global Equity Deposit Notes, Series 2

Current price: $134.83
As of 13-Feb-2023

General Information

Issuer:
NBC
FundSERV Code:
NBC1471
ISM Code:
V78869

Product Description

The Deposit Notes provide a return at the 8-year term maturity that is linked to the price performance, converted into Canadian dollars, of a notional reference portfolio composed of the common shares of 20 international companies. The Deposit Notes are callable for redemption four years after the Issuance Date at $136.05 per Deposit Note representing an annual compounded rate of return of approximately 8.00%. If the Bank does not exercise its right to call the Deposit Notes, the Variable Return at maturity is unlimited. The Reference Share Return is a price return, and will not take into account dividends paid by the issuers on account of the Reference Shares (which represented an annual return of approximately 4.10% as of January 6, 2015).

Highlights

  • The return at maturity, if any, is linked to the price performance of a Reference Portfolio composed of the common shares of 20 international companies.
  • The return at maturity, if any, is calculated based on the average of 13 monthly Reference Portfolio Levels calculated the Issuance Date and the 12 subsequent monthly anniversary dates following the Issuance Date.
  • May be called for redemption by National Bank of Canada four years after the Issuance Date at $136.05 per Deposit Note for an annual compounded rate of return of approximately 8.00% on the Bank Early Redemption Day.
  • The Reference Share Return is a price return, and will not take into account dividends paid (approximately 4.10% as of January 6, 2015).
  • A daily secondary market is maintained subject to availability and to early trading charges within the first 360 days including and following the Issuance Date, up to $4.80 per Deposit Note. A Holder who sells Deposit Notes prior to maturity may receive less than the Initial Deposit Amount per Deposit Note.
  • Eligible for all types of accounts (RRSP, RRIF, DPSP, RESP, RDSP and TFSA).
  • Principal fully protected at maturity by National Bank of Canada.
  • 8 year term.

Dates

Issue Date:
13-Feb-2015
Maturity date:
13-Feb-2023
Note term:
8.0 years
Valuation Date:
06-Feb-2023
Call Val. Date 1:
13-Feb-2019

Price and Historical Values

Last Updated Date:
13-Feb-2023
Current Price:
$134.83

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 24, 2022, BHP Group Limited (ASE: BHP) (“BHP”) completed the spin-off of Woodside Energy Group Ltd (ASE: WDS) (“Woodside”) by the special distribution of one newly issued share of Woodside for every 5.5340 shares of BHP held. The spin-off occurred following the announcement of the merger of BHP with Woodside. This event triggered a Potential Adjustment Event as per the terms and conditions of the Deposit Notes in respect of the common shares of BHP, a Reference Share in the Reference Portfolio of the Deposit Notes. As such, the Initial Value of the common shares of BHP was adjusted as of the closing of the markets on May 24, 2022.

Legal Notice

Portfolio

CompanyInitial ValueInitial FX RateFinal PriceCurrent FX RateReturn
Anheuser-Busch InBev SA/NV101.131.4201054.751.44100-45.06%
Allianz SE148.601.42010219.301.4410049.75%
BHP Group Ltd.25.661.0000048.200.9232373.42%
Bank of Nova Scotia67.201.0000072.821.000008.36%
Deutsche Telekom AG15.941.4201020.141.4410028.18%
Engie S.A.18.191.4201013.031.44100-27.33%
General Mills Inc.52.481.2449077.181.3441558.79%
HSBC Holdings PLC598.201.91630596.001.61395-16.09%
Johnson & Johnson99.621.24490163.361.3441577.06%
McDonald's Corporation95.651.24490267.921.34415202.44%
3M Company165.941.24490116.501.34415-24.20%
Altria Group Inc.54.761.2449046.961.34415-7.41%
Novartis AG83.711.3370079.151.448592.44%
Pfizer32.841.2449043.761.3441543.89%
Royal Dutch Shell PLC29.001.4201026.851.44100-6.05%
Siemens AG87.521.42010142.961.4410065.75%
Southern Co.45.881.2449067.901.3441559.79%
Toronto-Dominion Bank55.501.0000091.701.0000065.23%
TC Energy Corporation57.231.0000056.301.00000-1.63%
TOTAL S.A.46.571.4201055.661.4410021.28%
Reference Portfolio Return31.43%
Basket Level1 314.306
Monthly Fixing TableIndex Level
13-Feb-151000.00
13-Mar-15974.91
13-Apr-15996.91
13-May-15959.32
15-Jun-15939.51
13-Jul-15979.00
13-Aug-15999.43
14-Sep-15939.14
13-Oct-15967.81
13-Nov-15976.99
14-Dec-151 009.43
13-Jan-16989.75
16-Feb-16973.88
Average Fixing Level977.39
*The Initial Value of the common shares of BHP Billiton Limited was adjusted on May 18, 2015, following the spin-off of certain assets in the mining and metals sector into a new company called South32 Limited.