NBC Variable ROC Note Securities (Maturity-Monitored Barrier)
linked to a portfolio of Canadian banks, due on April 9, 2020
1558
General Information
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Issuer:
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NBC
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FundSERV Code:
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NBC1175
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ISM Code:
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V79002
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Ticker Symbol:
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BMO, BNS, CM, RY, TD
Highlights
- 5-year term.
- Linked to common shares of Canadian banks.
- Potential ROC Payments: Provided that the Reference Portfolio Return is higher than the ROC Payment Threshold on the applicable ROC Payment Valuation Date, Holders will be entitled to receive ROC Payments of $2.85.
- ROC Payment Threshold: -20%.
- Potential ROC Payments : $2.85 semi-annually.
- Participation Factor of 5%.
- Maturity-Monitored Barrier: -20%.
- If the Reference Portfolio Return is positive on the Final Valuation Date, the Maturity Redemption Payment will be equal to $100 x [1 + Variable Return]; or
- If 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; or
- If 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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09-Apr-2015
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Maturity date:
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09-Apr-2020
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Note term:
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5.0 years
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Valuation Date:
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06-Apr-2020
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ROC Payment Valuation Date 1:
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06-Oct-2015
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ROC Payment Valuation Date 2:
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06-Apr-2016
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ROC Payment Valuation Date 3:
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05-Oct-2016
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ROC Payment Valuation Date 4:
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05-Apr-2017
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ROC Payment Valuation Date 5:
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04-Oct-2017
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ROC Payment Valuation Date 6:
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04-Apr-2018
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ROC Payment Valuation Date 7:
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03-Oct-2018
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ROC Payment Valuation Date 8:
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04-Apr-2019
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ROC Payment Valuation Date 9:
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04-Oct-2019
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ROC Payment Valuation Date 10:
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06-Apr-2020
Price and Historical Values
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Last Updated Date:
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09-Apr-2020
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Current Price:
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$102.85
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Current ETC:
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$0.00
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Price Net of ETC:
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$102.85
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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 | 78.13 | 70.70 | -9.51% |
| Bank of Nova Scotia | 64.22 | 55.29 | -13.91% |
| Canadian Imperial Bank of Commerce | 93.84 | 81.78 | -12.85% |
| Royal Bank of Canada | 79.08 | 85.90 | 8.62% |
| Toronto-Dominion Bank | 55.25 | 58.98 | 6.75% |
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| | Reference Portfolio Return | -4.18% |
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